This month's Community Spotlight is focusing on one of the trendiest and hottest neighborhoods at the moment: Royal Oak!
Royal Oak has been on the mouths and minds of many as the housing market as well as the city has exploded over the last decade.
Royal Oak is located in Oakland County and borders Berkley, Birmingham, Clawson, Madison Heights, Hazel Park, Ferndale and Huntington Woods. Royal Oak is approximately 13 miles from Downtown Detroit.
A large draw to Royal Oak is the proximity to highways. I-75 and I-696 run directly through Royal Oak and provide a quick and easy commute to the West side as well as Downtown Detroit. Woodward (famously known as M-1, the first paved road in the Country), also runs through Royal Oak and connects it to other great cities!
Housing & Population
The population of Royal Oak was just over 57,000 residents according to the 2010 Census. Of those residents, 20% of households had children under the age of 8 and 36.7% of residents were married couples.
Royal Oak's home prices are the highest they have been in 10 years, with a current average sale price of $274,403 (as of December 2018). Average sale prices have increased by approximately $123,000 in the past 5 years!
Royal Oak is an extremely desirable place to live based on how quickly homes are selling. Royal Oak homes, on average, are staying on the market for 28 days while Oakland County (as a whole) has a 37 day average. This shows that Royal Oak is one of the most desirable cities in Oakland County as homes are not lasting long on the market!
Royal Oak has a vibrant downtown and night life. Spanning several blocks, Royal Oak's downtown houses bars, restaurants, shops, salons, coffee shops, and businesses. According to romi.gov, Downtown Royal Oak is home to over 70 restaurants!
Every summer, Royal Oak is home to Arts, Beats & Eats, a music, food and art festival that lasts several days. Lots of local restaurants, musicians and artists set up tents for guests to enjoy their offerings.
Every August classic cars from around the Country show off their rides at the Woodward Dream Cruise, which runs through Royal Oak. People from all over line up on the side of Woodward to watch the classic cars drive by.
Schools, Parks & Recreation
Royal Oak has six elementary schools, one middle school and one high school (www.royaloakschools.org). It is also home to three private schools, St. Paul Lutheran, Shrine Catholic and St. Mary's.
Oakland Community College also has a Royal Oak campus, which is right in the heart of downtown.
Royal Oak is home to several parks, one of the most noteworthy is Memorial Park, which includes baseball diamonds as well as a miniature golf course. The Recreation Department organizes many activities for both kids and adults, and have several events at the John Lindell Ice Arena.
What Residents have to say
According to Royal Oak Resident, Kelsey Fox, she moved to the city with her husband and almost 4 years ago because she wanted to be apart of an up and coming close knit community. She also says,
"Their are so many great qualities to Royal Oak. We are walking distance from downtown so frequently visit the great restaurants, local owned coffee shops and shop that the small unique boutiques. It's also very convenient to be right near I-75 where we can get to Detroit in less then 20 min. Their is always some type of rally, event, or show going on at the Farmers Market bringing in lots of revenue and entertainment for the city. All factors that drive property values up."
Kelsey, however, states that the drawback of living in Royal Oak is the typical city living issues, like construction, lack of parking and traffic. She believes the pros definitely outweigh the cons though!
For those who currently own real estate in Royal Oak, you may have much more equity in your home than you think. Selling could help alleviate debt, purchase a more expensive home, or have a nice chunk of change in your retirement and savings accounts! If you're interested in moving to the city, let's connect and grab coffee at one of their great coffee shops, like The Office!
follow along on instagram with the hashtag #communityspotlightwithAshley to see more.