Market Overview
Home Prices in Royal Oak, MD
The median home value in Royal Oak, MD is $1,105,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Royal Oak are priced170% above average. Royal Oak is part of the Easton, MD metro area.
Over the past five years, Royal Oak home values have risen by approximately39.0%, reflecting strong long-term appreciation in this market.
Price History
Royal Oak Home Price Trend
City Comparison
Royal Oak vs. National Median
At $1,105,296, homes in Royal Oak cost 170% above the national median of $410,000. Buyers in Royal Oak should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Royal Oak?
20% Down Payment
$221,059
on $1,105,296
Monthly P&I
$5,765/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,322/mo
incl. taxes & insurance
Income Needed
$292,880
gross annual (30% rule)
10% Down Option
$110,530
+ PMI applies
Loan Amount (20% dn)
$884,237
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Royal Oak, MD?
The median home value in Royal Oak is $1,105,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Royal Oak?
Over the past year, home values in Royal Oak have increased by 2.7%. Over five years, prices have risen approximately 39.0%.
How much do I need to earn to buy a home in Royal Oak?
To comfortably afford the median home price of $1,105,296 with a 20% down payment ($221,059) at today's rates (6.8%), you'd need a gross annual income of approximately $292,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Royal Oak compare to the national average home price?
The national median home value is approximately $410,000. At $1,105,296, homes in Royal Oak are 170% above the national average.
What metro area is Royal Oak part of?
Royal Oak is part of the Easton, MD metropolitan area. Home prices and market conditions can vary across the broader metro region.