Grand River Growth Plan -All Gibbs for City Jan 2 2026 - Flipbook - Page 92
Oakland County Overview
Figure 7: Aerial photo of the 4 square mile East Grand River Avenue study area
Oakland County Overview
Oakland County is a major economic hub hosting a strong mix of industries including
automotive, healthcare, and professional services. Oakland9s population is 1.3 million people
and 500,000 households, the state9s second highest population behind Wayne County. The
county has Michigan9s highest median and average household incomes, $95,300 and $130,000,
respectively. Oakland per capita income is ranked in the top 100 out of 3,100 U.S. counties.
Proximity to Detroit and the economic opportunities in the Detroit metropolitan area make
Oakland County attractive for commuters and professionals seeking suburban living with access
to urban amenities. The county's excellent schools, low crime rates, recreational opportunities,
and amenities contribute to a high demand for housing among families, young professionals,
and retirees.
Like many parts of the U.S., Oakland County has experienced supply constraints, leading to
increased home prices and competitive bidding for properties, especially in desirable areas and
neighborhoods. Ongoing residential development projects aim to meet the demand but supply
still struggles to fully keep pace with buyer interest, contributing to rising home values. Overall,
housing demand in Oakland County remains robust due to its attractive features and economic
prospects, though this also leads to higher prices and increased competition among buyers.
Grand River Corridor Residential Market Analysis
Gibbs Planning Group, Inc. | Indigo Retail July 2, 2026
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