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Market MapMichiganOakland

Oakland County

MichiganPopulation: 1,272,264Detroit, MI Metro
64
/100
Buy
#369 of 1,000 counties
#49 in Michigan (83 counties)

Market Snapshot

$353,204
Median Home Price
54% above national median
$1,717/mo
Median Rent
26% above national median
5.83%
Rent-to-Price Ratio
Top 50% nationally
-$735
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$353,204
Down Payment (20%)$70,641
Loan Amount$282,563
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,717
Monthly P&I-$1,852
Est. Expenses (35%)-$601
Net Cash Flow-$735/mo
3.8%
Cap Rate (all cash)
-10.9%
Cash-on-Cash Return
5.83%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.8% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
64/100
64
Cash Flow(30%)
58/100

Based on 5.83% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
80/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
73/100

Price-to-income ratio of 3.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$735/mo)
  • -Negative leverage (cap rate 3.8% < mortgage rate 6.9%)

Economic Indicators

Population
1,272,264
Median Income
$92,620
vs $51,665 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.8x
Moderately affordable

Compare to Nearby Counties

CountyVerdict
CurrentOaklandMI
64$353,204$1,7175.83%Buy
CrawfordMI
64$168,088Est. pending—BuyView
GogebicMI
64$121,518Est. pending—BuyView
CassMI
63$246,034$1,2255.97%BuyView
NewaygoMI
63$234,226Est. pending—BuyView
WexfordMI
63$216,134Est. pending—BuyView

The Bottom Line

BuyOakland offers solid investment potential with good cash flow or appreciation prospects.

Oakland County in Michigan scores 64/100, ranking #369 of 1,000 US counties (top 37%). The 5.83% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-735/mo
Cap Rate
3.8%
Cash-on-Cash
-10.9%

Ready to Analyze a Deal in Oakland?

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