Oakland County, Michigan: commercial real estate data.
Oakland County, Michigan has a population of 1,279,825 across 868 square miles, up 1.8 percent since the 2020 census base. County output reached $143.14 bn in 2024, 39,792 establishments operate here, and the SBA record carries 2,617 7(a) approvals worth $1.14 bn.
129 sourced county values · tier FULL · 12 sections
Oakland County
How many people live in Oakland County
- Population1,279,825
- Households530,460
- Average household size2.41
- Median household income$97,760
- Median age41.3
- Median gross rent$1,376 per month
- Median owner-occupied home value$343,600
- Home value to household income3.5 times
- Annual rent as a share of median income16.9 percent
- Adults 25 and over with a bachelor degree or higher51.0 percent
- Adults 25 and over with a graduate degree22.2 percent
- Adults 25 and over920,268
- Population under 18259,334
- Share under 1820.3 percent
- Population 65 and over235,056
- Share 65 and over18.4 percent
- Working age population, 18 to 64785,435
- Civilian labor force697,190
- Unemployment rate4.8 percent
- Labor force participation, adults 18 and over68.3 percent
- Rank by population among Michigan counties2nd of 83
- Rank by population among US county-equivalents33rd
Oakland County is the 2nd largest of 83 Michigan counties by population. A median home costs 3.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.3 percent against 18.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Oakland County
Is Oakland County growing
- Population change since the 2020 census base1.77 percent
- Census 2020 base population1,274,371
- Births, 202412,241
- Deaths, 202410,953
- Natural change, 20241,288
- Net domestic migration, 2024-4,432
- Net international migration, 202418,153
- Total net migration, 202413,721
- Cumulative net domestic migration, 2021 to 2024-23,813
- Rank by growth among US county-equivalents1249th
The county has grown 1.77 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Oakland County
Where people moving to Oakland County come from
- Tax returns filed by households arriving30,463
- People arriving, from those returns48,444
- Adjusted gross income arriving$2.60 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$85,214
- Largest single originOakland County Non-migrants (510,277 households)
- Largest single destination (510,277 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Oakland County Non-migrants | 510,277 | 999,436 | $71.40 bn |
| Wayne County | 8,361 | 13,638 | $572.8 m |
| Macomb County | 5,338 | 8,444 | $414.7 m |
| Other flows - Different State | 3,565 | 5,998 | $323.7 m |
| Other flows - South | 1,527 | 2,640 | $132.5 m |
| Genesee County | 1,270 | 2,029 | $79.5 m |
| Livingston County | 1,008 | 1,537 | $76.1 m |
| Washtenaw County | 992 | 1,402 | $83.5 m |
The largest single source of arrivals is Oakland County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Oakland County
What the Oakland County economy runs on
- County GDP, 2024$143.14 bn
- County GDP, 2023$138.03 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years30.6 percent
- Rank by GDP among Michigan counties1st
- Rank by GDP among US county-equivalents31st
- GDP per resident$111,847
Output grew 3.7 percent in the latest year and 30.6 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Oakland County
Who employs people in Oakland County
- Covered employment, annual average723,862
- Establishments reporting43,047
- Average annual pay$77,917
- Average weekly wage$1,498
- Sector 62, employment110,614
- Sector 62, average annual pay$64,493
- Sector 54, employment93,104
- Sector 54, average annual pay$117,655
- Sector 44-45, employment71,533
- Sector 44-45, average annual pay$45,131
- Sector 31-33, employment68,661
- Sector 31-33, average annual pay$95,182
- Sector 72, employment57,076
- Sector 56, employment49,441
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 110,614 | 5,528 | $64,493 |
| Sector 54 | 93,104 | 7,038 | $117,655 |
| Sector 44-45 | 71,533 | 4,697 | $45,131 |
| Sector 31-33 | 68,661 | 2,267 | $95,182 |
| Sector 72 | 57,076 | 3,059 | $27,609 |
| Sector 56 | 49,441 | 2,653 | $59,506 |
| Sector 52 | 42,518 | 2,518 | $112,610 |
| Sector 42 | 38,222 | 2,398 | $119,740 |
The largest sector is the biggest private employer group at 110,614 jobs, 15.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Oakland County
What businesses operate in Oakland County
- Establishments, all industries39,792
- Employment at those establishments733,671
- Annual payroll$53.21 bn
- Establishments per 1,000 residents31.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Oakland County
What is being built in Oakland County
- Housing units authorised by permit, 20242,886
- Declared construction value permitted$996.4 m
- Single family units authorised1,870
- Multifamily units authorised1,016
- Multifamily share of units35.2 percent
- Average declared value per unit$345,244
- Units authorised per 1,000 households5.4
Multifamily is 35.2 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Oakland County
How much SBA lending happens in Oakland County
- 7(a) approvals recorded2,617
- 7(a) gross approval dollars$1.14 bn
- Average 7(a) approval$434,867
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$1,110,500
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)27,914
- Jobs per approval10.7
- Distinct 7(a) lenders active141
- Distinct industries receiving approvals397
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.2 percent
- Loans on real estate terms293
- Loans on working capital terms, 120 months or shorter2,170
- Franchise loans357
- Franchise share of approvals13.6 percent
- Leading industry by approval countFull-Service Restaurants (123)
- Most active lenderThe Huntington National Bank (1,155)
- 504 approvals recorded514
- 504 gross approval dollars$400.8 m
- Average 504 approval$779,776
- Median 504 approval$459,000
- Distinct CDCs active7
- 504 jobs per approval17.5
- 504 jobs per million dollars approved22.4
- Most active CDCMichigan Certified Development Corporation (219)
- 7(a) share of SBA approvals83.6 percent
- Combined SBA approval dollars$1.54 bn
The average approval of $434,867 sits well above the median of $150,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 11.2 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Oakland County
Do SBA loans in Oakland County get paid back
- Loans with a final outcome recorded485
- Paid in full448
- Charged off37
- Charge off rate on resolved loans7.6 percent
- Status: Paid in full448
- Status: Cancelled316
- Status: Exempt from disclosure1,630
- Status: Charged off37
- Status: Committed, not yet disbursed186
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 33 | 0 | 0.0% |
| 722511 | Full-Service Restaurants | 28 | 0 | 0.0% |
| 561730 | Landscaping Services | 12 | 0 | 0.0% |
| 713940 | Fitness and Recreational Sports Centers | 10 | 1 | 10.0% |
| 722513 | Limited-Service Restaurants | 10 | 0 | 0.0% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 10 | 0 | 0.0% |
| 624410 | Child Day Care Services | 10 | 1 | 10.0% |
Of the 485 loans that have reached a final outcome, 7.6 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, Fitness and Recreational Sports Centers carries the highest charge off rate at 10.0 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Oakland County
Which parts of Oakland County get the lending
- Places in the county with recorded lending100
- Troy, approvals281
- Southfield, approvals171
- Farmington Hills, approvals147
- ROYAL OAK, approvals126
- Novi, approvals121
- Waterford, approvals112
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Troy | 281 | $131,051,700 |
| Southfield | 171 | $64,290,600 |
| Farmington Hills | 147 | $66,934,300 |
| ROYAL OAK | 126 | $55,897,800 |
| Novi | 121 | $54,609,900 |
| Waterford | 112 | $43,698,500 |
| ROCHESTER | 103 | $42,339,000 |
| BLOOMFIELD HILLS | 90 | $42,938,600 |
Troy accounts for 281 approvals against 171 in Southfield. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Oakland County
How big is Oakland County
- Land area868 sq mi
- Rank by land area among Michigan counties15th of 83
- Width, east to west30.9 mi
- Height, north to south31.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land1,474
- Establishments per square mile45.84
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Oakland County
What hazards affect Oakland County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book57
- Of those, participating in the NFIP55
- NFIP participation rate96.5 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class3
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The best Community Rating System class in the county is 7, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Oakland County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Oakland County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population1,279,825
- Households530,460
- Average household size2.41
- Median household income$97,760
- Median age41.3
Common questions
Oakland County questions, answered from the record.
How many people live in Oakland County, Michigan?
1,279,825, in 530,460 households, ranking 2nd of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Oakland County growing?
The population has grown 1.77 percent since the 2020 census base. In 2024 there were 12,241 births against 10,953 deaths, with net migration of 13,721. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Oakland County?
$97,760. The median owner-occupied home is valued at $343,600, which is 3.5 times income, and median gross rent is $1,376 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Oakland County?
39,792 establishments, employing 733,671 people with an annual payroll of $53.21 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Oakland County?
Average annual pay is $77,917, or $1,498 a week, across 723,862 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Oakland County?
2,617 7(a) approvals totalling $1.14 bn since FY2020, across 141 lenders, with a median approval of $150,000, plus 514 504 approvals worth $400.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Oakland County get paid back?
Of the 485 loans that have reached a final outcome, 448 were paid in full and 37 charged off, a charge off rate of 7.6 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Oakland County?
2,886 housing units were authorised by permit in 2024, with a declared construction value of $996.4 m. Multifamily was 35.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Oakland County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Oakland County come from?
The largest single origin is Oakland County Non-migrants, with 510,277 households. Arriving households report an average income of $85,214 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Oakland County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Oakland County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.