{
  "schema_version": "1.0",
  "submarket": {
    "slug": "birmingham-royal-oak-mi",
    "name": "Birmingham / Royal Oak",
    "state": "MI",
    "city": "BIRMINGHAM",
    "cbsa": "Detroit-Warren-Dearborn",
    "zip_codes": [
      "48009",
      "48067",
      "48073"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:00.183Z",
    "last_updated_at": "2026-06-02T13:07:26.940Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1221,
        "low": 1173,
        "high": 1270,
        "mom_pct": -1.8774242424242424,
        "yoy_pct": 0.42969696969696947
      },
      "2br": {
        "median": 1530,
        "low": 1454,
        "high": 1607,
        "mom_pct": -1.362972972972973,
        "yoy_pct": 0.2986486486486487
      },
      "3br": {
        "median": 1967,
        "low": 1874,
        "high": 2059,
        "mom_pct": 0.20444444444444443,
        "yoy_pct": 3.5392592592592593
      },
      "4br": {
        "median": 2117,
        "low": 2091,
        "high": 2184,
        "mom_pct": 0.454,
        "yoy_pct": 4.42
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1288,
        "low": 1269,
        "high": 1308,
        "mom_pct": -1.961785714285714,
        "yoy_pct": 1.6967857142857146
      },
      "2br": {
        "median": 1832,
        "low": 1759,
        "high": 1906,
        "mom_pct": -3.3796610169491528,
        "yoy_pct": -0.3540677966101696
      },
      "3br": {
        "median": 2122,
        "low": 2069,
        "high": 2176,
        "mom_pct": -4.881304347826087,
        "yoy_pct": -1.2482608695652175
      },
      "4br": {
        "median": 2313,
        "low": 2239,
        "high": 2387,
        "mom_pct": 0.5933333333333333,
        "yoy_pct": 4.033333333333333
      }
    },
    "single_family": {
      "1br": {
        "median": 1258,
        "low": 1230,
        "high": 1286,
        "mom_pct": 0.7230000000000001,
        "yoy_pct": 4.937
      },
      "2br": {
        "median": 1670,
        "low": 1592,
        "high": 1749,
        "mom_pct": 0.6956410256410257,
        "yoy_pct": 4.193333333333333
      },
      "3br": {
        "median": 2311,
        "low": 2195,
        "high": 2426,
        "mom_pct": 3.285619834710744,
        "yoy_pct": 6.5852892561983465
      },
      "4br": {
        "median": 2558,
        "low": 2418,
        "high": 2699,
        "mom_pct": 3.314074074074074,
        "yoy_pct": 6.04111111111111
      }
    }
  },
  "vacancy": 3.7743,
  "days_on_market": {
    "apartment": 27,
    "condo_townhome": 30,
    "single_family": 27
  },
  "ai_summary": [
    {
      "headline": "1BR condos lead apartments by $67",
      "body": "In the Birmingham / Royal Oak (48009, 48067, 48073) rental market, 1-bedroom condos commanded a median rent of $1,288, surpassing 1-bedroom apartments at $1,221 by $67. Both segments saw a monthly decline, with condos down -1.96% MoM and apartments down -1.88%, yet condos gained 1.70% YoY, outperforming apartments' 0.43% annual growth."
    },
    {
      "headline": "3BR single-family grows 3.29% MoM",
      "body": "Among all segments in Birmingham / Royal Oak (48009, 48067, 48073), 3-bedroom single-family properties recorded the largest monthly increase, rising 3.29% MoM to $2,311. This segment's momentum contrasts sharply with 3-bedroom condos, which declined -4.88% MoM to $2,122, highlighting differences in consumer preferences for family-sized rentals."
    },
    {
      "headline": "4BR apartments post 4.42% YoY growth",
      "body": "April data reveals that Birmingham / Royal Oak (48009, 48067, 48073) rental trends indicate 4-bedroom apartment units earned a 4.42% year-over-year increase, reaching a median of $2,117. This rate of growth tops all other apartment categories, underscoring rising demand for larger rental units in this submarket."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Birmingham / Royal Oak, MI range from $1,221 to $2,558 per month depending on property type and bedroom count.",
      "The most significant year-over-year change was a 6.59% increase for single-family 3BR homes in Birmingham / Royal Oak, MI.",
      "For 3BR units, single-family homes have a higher median rent at $2,311 compared to condos/townhomes at $2,122."
    ],
    "qa": [
      {
        "question": "What are the rental price ranges in Birmingham / Royal Oak, MI?",
        "answer": "As of April 2026, rents in Birmingham / Royal Oak, MI range from $1,221 per month for a 1BR apartment up to $2,558 per month for a 4BR single-family home."
      },
      {
        "question": "How much more do condos/townhomes cost compared to apartments for the same number of bedrooms in Birmingham / Royal Oak, MI?",
        "answer": "In April 2026, condo/townhome rents consistently surpass apartment rents, such as $1,288 vs $1,221 for 1BR, $1,832 vs $1,530 for 2BR, $2,122 vs $1,967 for 3BR, and $2,313 vs $2,117 for 4BR."
      },
      {
        "question": "What is the rental premium between condos/townhomes and single-family homes for the same bedroom count in Birmingham / Royal Oak, MI?",
        "answer": "In April 2026, single-family homes lead condos/townhomes in rent for all bedroom counts: 1BR single-family at $1,258 vs condo at $1,288, 2BR single-family at $1,670 vs condo at $1,832, 3BR single-family at $2,311 vs condo at $2,122, and 4BR single-family at $2,558 vs condo at $2,313."
      },
      {
        "question": "Which segment saw the greatest year-over-year rent decrease in Birmingham / Royal Oak, MI, and was it broad or limited?",
        "answer": "The largest year-over-year rent decrease occurred in the 3BR condo/townhome segment at -1.25% in April 2026, and this decline is limited to just the 3BR condo/townhome category, as other condo/townhome bedrooms saw smaller changes or increases."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1221,
          "2br": 1530,
          "3br": 1967,
          "4br": 2117
        },
        "condo_townhome": {
          "1br": 1288,
          "2br": 1832,
          "3br": 2122,
          "4br": 2313
        },
        "single_family": {
          "1br": 1258,
          "2br": 1670,
          "3br": 2311,
          "4br": 2558
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1250,
          "2br": 1554,
          "3br": 1963,
          "4br": 2107
        },
        "condo_townhome": {
          "1br": 1313,
          "2br": 1904,
          "3br": 2209,
          "4br": 2299
        },
        "single_family": {
          "1br": 1247,
          "2br": 1659,
          "3br": 2208,
          "4br": 2495
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1236,
          "2br": 1555,
          "3br": 1968,
          "4br": 2115
        },
        "condo_townhome": {
          "1br": 1318,
          "2br": 1804,
          "3br": 2217,
          "4br": 2302
        },
        "single_family": {
          "1br": 1249,
          "2br": 1633,
          "3br": 2295,
          "4br": 2505
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1244,
          "2br": 1580,
          "3br": 1986,
          "4br": 2131
        },
        "condo_townhome": {
          "1br": 1295,
          "2br": 1791,
          "3br": 2219,
          "4br": 2320
        },
        "single_family": {
          "1br": 1256,
          "2br": 1648,
          "3br": 2237,
          "4br": 2554
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1228,
          "2br": 1587,
          "3br": 1997,
          "4br": 2147
        },
        "condo_townhome": {
          "1br": 1284,
          "2br": 1787,
          "3br": 2244,
          "4br": 2341
        },
        "single_family": {
          "1br": 1264,
          "2br": 1647,
          "3br": 2192,
          "4br": 2558
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1232,
          "2br": 1587,
          "3br": 2014,
          "4br": 2157
        },
        "condo_townhome": {
          "1br": 1292,
          "2br": 1832,
          "3br": 2260,
          "4br": 2362
        },
        "single_family": {
          "1br": 1273,
          "2br": 1656,
          "3br": 2218,
          "4br": 2570
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1244,
          "2br": 1586,
          "3br": 2012,
          "4br": 2155
        },
        "condo_townhome": {
          "1br": 1307,
          "2br": 1827,
          "3br": 2273,
          "4br": 2372
        },
        "single_family": {
          "1br": 1273,
          "2br": 1673,
          "3br": 2260,
          "4br": 2604
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1256,
          "2br": 1605,
          "3br": 2005,
          "4br": 2144
        },
        "condo_townhome": {
          "1br": 1320,
          "2br": 1833,
          "3br": 2266,
          "4br": 2370
        },
        "single_family": {
          "1br": 1276,
          "2br": 1685,
          "3br": 2323,
          "4br": 2595
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1247,
          "2br": 1569,
          "3br": 1993,
          "4br": 2126
        },
        "condo_townhome": {
          "1br": 1311,
          "2br": 1794,
          "3br": 2263,
          "4br": 2359
        },
        "single_family": {
          "1br": 1264,
          "2br": 1675,
          "3br": 2264,
          "4br": 2609
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1241,
          "2br": 1569,
          "3br": 1978,
          "4br": 2102
        },
        "condo_townhome": {
          "1br": 1301,
          "2br": 1841,
          "3br": 2256,
          "4br": 2337
        },
        "single_family": {
          "1br": 1249,
          "2br": 1673,
          "3br": 2327,
          "4br": 2559
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1246,
          "2br": 1557,
          "3br": 1950,
          "4br": 2077
        },
        "condo_townhome": {
          "1br": 1304,
          "2br": 1803,
          "3br": 2216,
          "4br": 2304
        },
        "single_family": {
          "1br": 1227,
          "2br": 1656,
          "3br": 2280,
          "4br": 2525
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1217,
          "2br": 1532,
          "3br": 1920,
          "4br": 2049
        },
        "condo_townhome": {
          "1br": 1274,
          "2br": 1799,
          "3br": 2170,
          "4br": 2261
        },
        "single_family": {
          "1br": 1214,
          "2br": 1616,
          "3br": 2217,
          "4br": 2468
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/birmingham-royal-oak-mi/",
    "self": "https://data.estaite.com/feeds/birmingham-royal-oak-mi.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}