Safe Rate Local

Oakland County

Learn about the people, housing, costs and businesses in Oakland County County

Median Home$358,999
Median Rent$1,587/month
Population1,279,825
Leading IndustriesArts, Food & Hospitality · Healthcare · Retail11% arts, food & hospitality
Home Value Growth⬆⬆+13.9% over 2 years
Young Adults28% of residentsslightly above average
Homeowners73% of occupied units
NotableHighly Educated29% bachelor's · 17% graduate · top 3% nationally
NotableHigh Incomes$111k/year · top 4% nationally
Oakland County
MI

Frequently Asked Questions

What are today's mortgage rates in Oakland County?

As of today, the 30-year fixed mortgage rate for Oakland County is approximately 6.990% (7.016% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Oakland County
What is the median home price in Oakland County?

The median home value in Oakland County is $359k. The median monthly rent is $1,587. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oakland County?

Home values in Oakland County have increased 13.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Oakland County?

Based on a typical all-in ownership cost of $1,607/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oakland County is $111k/year.

Calculate your buying power
What industries drive the economy in Oakland County?

The largest employment sectors in Oakland County are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas