Oakland County, Michigan home prices
Typical home $365,826 · +2.3% in a year · property tax 1.27%
The typical home in Oakland County is worth $365,826, 39% more than the Michigan typical home ($263,760). Values changed +2.3% in the past year and +21.7% over five years. Homeowners here pay a median 1.27% of their home's value in property tax each year ($4,654 on the typical home), versus 1.17% statewide.
Mortgage on the typical Oakland County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $73,165 | $292,661 | $1,969 | $0 | $571 | $2,539 | $108,800 |
| 10% down | $36,583 | $329,243 | $2,215 | $137 | $571 | $2,923 | $125,300 |
| 5% down | $18,291 | $347,535 | $2,338 | $145 | $571 | $3,053 | $130,900 |
| 3.5% down (FHA) | $12,804 | $359,200 | $2,416 | $162 | $571 | $3,149 | $135,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Detroit metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Kent County | $353,407 | +4.5% | 1.11% |
| Antrim County | $348,970 | +4.7% | 0.84% |
| Allegan County | $346,459 | +4.1% | 1.08% |
| Ottawa County | $397,062 | +4.8% | 1.02% |
| Livingston County | $402,827 | +2.8% | 0.97% |
| Benzie County | $406,697 | +6.8% | 0.79% |
| Washtenaw County | $411,983 | +2.4% | 1.52% |
| Charlevoix County | $413,637 | +3.5% | 0.9% |
| Clinton County | $314,333 | +4.3% | 1.23% |
| Grand Traverse County | $417,443 | +2.6% | 0.89% |
Frequently asked questions
What is the average home price in Oakland County, MI?
The typical home value in Oakland County is $365,826 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Oakland County?
About $108,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Oakland County?
The median effective rate is 1.27% of home value a year (Census ACS 2024 5-year estimates).