Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.2 yrs |
|---|---|
| Avg HH Size | 2.57 |
| Below Poverty | 11.1% ▲ 11% above avg |
| College Grads | 66.6% ▲ 72% above avg |
| Unemployment | 8.8% ▲ 81% above avg |
| No HS Diploma | 4 (1%) |
| HS Graduate | 79 (19.8%) |
| Some College | 23 (5.8%) |
| Associates | 27 (6.8%) |
| Bachelors | 52 (13.1%) |
| Graduate Degree | 213 (53.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $133,125 ▲ 74% above avg |
|---|---|
| Median Home Value | $708,300 ▲ 154% above avg |
| Home/Income Ratio | 5.3x (nat avg ~3.5x) |
| Median Rent | $1,905/mo |
| Total Housing Units | 364 |
| Vacant Units | 126 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Royal Oak is a city in Maryland, located in Talbot County. The city spans 1 ZIP code and is home to approximately 612 residents. It is a mature city, with a median age of 49.2 years.
Economically, Royal Oak is a upper-middle-income community. The median household income of $133,125 is significantly above the national average. Approximately 11.1% of residents live below the poverty line. The unemployment rate is 8.8%, significantly above the national average.
The real estate market in Royal Oak is a premium housing market. Median home values stand at $708,300, which is more than double the national average. Renters typically pay around $1,905 per month. Homeownership is high at 80.3%, typical of suburban and family-oriented communities.
The population of Royal Oak is highly educated. 66.6% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (64.05%).
Royal Oak, MD offers residents above-average earning potential within Maryland.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 21662 | 612 | $133,125 | $708,300 | $1,905 | 8.8% | 66.6% | 80.3% |