{
  "schema_version": "1.0",
  "submarket": {
    "slug": "royal-oak-mi",
    "name": "Royal Oak",
    "state": "MI",
    "city": "ROYAL OAK",
    "cbsa": "Detroit-Warren-Dearborn",
    "zip_codes": [
      "48067",
      "48073"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-20T00:52:44.480Z",
    "last_updated_at": "2026-06-02T13:42:11.771Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1217,
        "low": 1168,
        "high": 1266,
        "mom_pct": -1.406504854368932,
        "yoy_pct": 0.28601941747572796
      },
      "2br": {
        "median": 1486,
        "low": 1427,
        "high": 1546,
        "mom_pct": -2.034181818181818,
        "yoy_pct": -1.1216363636363635
      },
      "3br": {
        "median": 1968,
        "low": 1875,
        "high": 2060,
        "mom_pct": 0.07999999999999999,
        "yoy_pct": 3.5466666666666664
      },
      "4br": {
        "median": 2116,
        "low": 2091,
        "high": 2184,
        "mom_pct": 0.4471428571428571,
        "yoy_pct": 4.411428571428571
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1273,
        "low": 1254,
        "high": 1292,
        "mom_pct": -2.09235294117647,
        "yoy_pct": 1.6623529411764704
      },
      "2br": {
        "median": 1887,
        "low": 1840,
        "high": 1935,
        "mom_pct": -1.0959999999999999,
        "yoy_pct": 2.002
      },
      "3br": {
        "median": 2249,
        "low": 2177,
        "high": 2321,
        "mom_pct": 0.17071428571428574,
        "yoy_pct": 4.435714285714286
      },
      "4br": {
        "median": 2310,
        "low": 2236,
        "high": 2383,
        "mom_pct": 0.5,
        "yoy_pct": 3.9600000000000004
      }
    },
    "single_family": {
      "1br": {
        "median": 1254,
        "low": 1226,
        "high": 1281,
        "mom_pct": 0.7250000000000001,
        "yoy_pct": 4.675
      },
      "2br": {
        "median": 1662,
        "low": 1584,
        "high": 1740,
        "mom_pct": 0.5216129032258066,
        "yoy_pct": 4.070322580645161
      },
      "3br": {
        "median": 2190,
        "low": 2081,
        "high": 2300,
        "mom_pct": 3.9312359550561804,
        "yoy_pct": 5.120224719101124
      },
      "4br": {
        "median": 2531,
        "low": 2429,
        "high": 2632,
        "mom_pct": 5.265000000000001,
        "yoy_pct": 7.269999999999999
      }
    }
  },
  "vacancy": 3.7743,
  "days_on_market": {
    "apartment": 29,
    "condo_townhome": 31,
    "single_family": 28
  },
  "ai_summary": [
    {
      "headline": "3BR single-family rents climb 3.9% MoM",
      "body": "In the Royal Oak (48067, 48073) rental market, 3-bedroom single-family homes posted a significant month-over-month rise of 3.93%, reaching a median rent of $2,190. This monthly change marks the strongest short-term growth across all segments in Royal Oak (48067, 48073)."
    },
    {
      "headline": "2BR apartment rents fall by 2.0% MoM",
      "body": "Within the apartment category in Royal Oak (48067, 48073), 2-bedroom units saw rents decrease by 2.03% month-over-month, settling at $1,486. This decline outpaces the monthly movements among other apartment segments, reflecting softer pricing for mid-sized apartment rentals."
    },
    {
      "headline": "4BR single-family homes lead condos by $221",
      "body": "Comparing larger units, Royal Oak (48067, 48073) rental trends show 4-bedroom single-family homes at $2,531 surpass 4-bedroom condos/townhomes at $2,310, creating a $221 gap. This illustrates a clear premium for families seeking spacious single-family residences over similar condo options."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Royal Oak, MI range from $1,217 to $2,531 per month depending on property type and bedroom count.",
      "The strongest year-over-year rent increase was for 4BR single-family homes, which rose 7.27%.",
      "Among 3BR units, condos/townhomes have a median rent of $2,249, single-family homes are at $2,190, and apartments are at $1,968."
    ],
    "qa": [
      {
        "question": "What is the rent range for apartments, condos/townhomes, and single-family homes in Royal Oak, MI?",
        "answer": "The rent range in Royal Oak, MI as of April 2026 spans from $1,217 per month for a 1BR apartment up to $2,531 per month for a 4BR single-family home."
      },
      {
        "question": "Are rents in Royal Oak, MI rising or falling across property types and bedroom counts?",
        "answer": "In Royal Oak, MI as of April 2026, all condo/townhome and single-family segments saw year-over-year rent increases, with 4BR single-family homes up 7.27%, while apartment rents also increased for all bedrooms, with the largest gain in 4BR units at 4.41% YoY."
      },
      {
        "question": "What is the premium between apartments and condos/townhomes for the same bedroom count in Royal Oak, MI?",
        "answer": "For 2BR units in Royal Oak, MI, condos/townhomes are $401 higher than apartments ($1,887 for condos/townhomes vs $1,486 for apartments in April 2026), and for 1BR units, condos/townhomes are $56 higher ($1,273 vs $1,217)."
      },
      {
        "question": "Which segment had the largest annual rent decrease in Royal Oak, MI, and was the decline broad or limited?",
        "answer": "No segment in Royal Oak, MI experienced a year-over-year rent decrease as of April 2026; all property types and bedroom counts posted positive YoY changes, and the smallest increase was in 1BR apartments at 0.29%."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1217,
          "2br": 1486,
          "3br": 1968,
          "4br": 2116
        },
        "condo_townhome": {
          "1br": 1273,
          "2br": 1887,
          "3br": 2249,
          "4br": 2310
        },
        "single_family": {
          "1br": 1254,
          "2br": 1662,
          "3br": 2190,
          "4br": 2531
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1240,
          "2br": 1520,
          "3br": 1966,
          "4br": 2107
        },
        "condo_townhome": {
          "1br": 1299,
          "2br": 1916,
          "3br": 2210,
          "4br": 2298
        },
        "single_family": {
          "1br": 1244,
          "2br": 1653,
          "3br": 2116,
          "4br": 2410
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1218,
          "2br": 1520,
          "3br": 1967,
          "4br": 2115
        },
        "condo_townhome": {
          "1br": 1296,
          "2br": 1781,
          "3br": 2204,
          "4br": 2301
        },
        "single_family": {
          "1br": 1247,
          "2br": 1622,
          "3br": 2137,
          "4br": 2409
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1224,
          "2br": 1551,
          "3br": 1986,
          "4br": 2131
        },
        "condo_townhome": {
          "1br": 1276,
          "2br": 1757,
          "3br": 2207,
          "4br": 2319
        },
        "single_family": {
          "1br": 1255,
          "2br": 1626,
          "3br": 2143,
          "4br": 2421
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1209,
          "2br": 1546,
          "3br": 1995,
          "4br": 2147
        },
        "condo_townhome": {
          "1br": 1261,
          "2br": 1762,
          "3br": 2228,
          "4br": 2340
        },
        "single_family": {
          "1br": 1262,
          "2br": 1632,
          "3br": 2105,
          "4br": 2424
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1209,
          "2br": 1552,
          "3br": 2014,
          "4br": 2157
        },
        "condo_townhome": {
          "1br": 1262,
          "2br": 1817,
          "3br": 2245,
          "4br": 2361
        },
        "single_family": {
          "1br": 1270,
          "2br": 1636,
          "3br": 2131,
          "4br": 2448
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1231,
          "2br": 1552,
          "3br": 2012,
          "4br": 2155
        },
        "condo_townhome": {
          "1br": 1286,
          "2br": 1830,
          "3br": 2267,
          "4br": 2371
        },
        "single_family": {
          "1br": 1269,
          "2br": 1650,
          "3br": 2147,
          "4br": 2501
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1242,
          "2br": 1575,
          "3br": 2005,
          "4br": 2144
        },
        "condo_townhome": {
          "1br": 1301,
          "2br": 1843,
          "3br": 2262,
          "4br": 2369
        },
        "single_family": {
          "1br": 1275,
          "2br": 1663,
          "3br": 2202,
          "4br": 2496
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1239,
          "2br": 1547,
          "3br": 1992,
          "4br": 2126
        },
        "condo_townhome": {
          "1br": 1294,
          "2br": 1792,
          "3br": 2261,
          "4br": 2358
        },
        "single_family": {
          "1br": 1265,
          "2br": 1654,
          "3br": 2207,
          "4br": 2501
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1233,
          "2br": 1540,
          "3br": 1977,
          "4br": 2102
        },
        "condo_townhome": {
          "1br": 1288,
          "2br": 1845,
          "3br": 2262,
          "4br": 2335
        },
        "single_family": {
          "1br": 1249,
          "2br": 1655,
          "3br": 2199,
          "4br": 2462
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1243,
          "2br": 1538,
          "3br": 1947,
          "4br": 2077
        },
        "condo_townhome": {
          "1br": 1298,
          "2br": 1789,
          "3br": 2222,
          "4br": 2302
        },
        "single_family": {
          "1br": 1224,
          "2br": 1644,
          "3br": 2176,
          "4br": 2440
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1212,
          "2br": 1512,
          "3br": 1918,
          "4br": 2049
        },
        "condo_townhome": {
          "1br": 1265,
          "2br": 1770,
          "3br": 2169,
          "4br": 2260
        },
        "single_family": {
          "1br": 1212,
          "2br": 1607,
          "3br": 2126,
          "4br": 2397
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/royal-oak-mi/",
    "self": "https://data.estaite.com/feeds/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)"
}