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Lake Royale, NC Housing

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As of 2010-2014, median price of a house in Lake Royale is $162,000, which is higher than the state average of $153,600 and is lower than the national average of $175,700. The Lake Royale median house value has shrunk by 29.13% since 2000. The growth rate for the price of a house in Lake Royale is much lower than the state average rate of 41.83% and is much lower than the national average rate of 46.91%. The median year that a house in Lake Royale was built is 1994, which is newer than the median year for a house built in the state which is 1986 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,003 Owner Occupied Houses in Lake Royale, NC, #201

Lake Royale, NC	162,000 USD
North Carolina	153,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #630

Lake Royale, NC		-29.13%
North Carolina		41.83%
U.S.		46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Lake Royale, NC	North Carolina	U.S.
Total Housing Units	1,748, see rank, 100%	4,385,668	132,741,033
Occupied Housing Units	1,246, 71.28%, see rank	85.34%	87.55%
Owner Occupied	1,003, 57.38%, see rank	56.13%	56.34%
Renter Occupied	243, 13.90%, see rank	29.20%	31.21%
Vacant Housing Units	502, 28.72%, see rank	14.66%	12.45%
For Rent	72, 4.12%, see rank	2.65%	2.34%
For Sale Only	118, 6.75%, see rank	1.41%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.78%	0.92%
For Seasonal, Recreational, or Occasional Use	224, 12.81%, see rank	4.81%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	88, 5.03%, see rank	4.98%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #61

Lake Royale, NC	North Carolina	U.S.
1994	1986	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Lake Royale, NC	%	North Carolina	U.S.
Owner-Occupied Units	1,003	100%	2,461,741	74,787,460
With a Mortgage	693	69.09%, see rank	66.10%	65.58%
Without a Mortgage	310	30.91%, see rank	33.90%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Lake Royale, NC	1,190 USD
North Carolina	1,272 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Royale, NC	%	North Carolina	U.S.
$299 or Less	0	0.00%, see rank	0.29%	0.20%
$300 to $499	0	0.00%, see rank	2.34%	1.59%
$500 to $699	20	2.89%, see rank	6.85%	5.01%
$700 to $999	209	30.16%, see rank	20.33%	14.32%
$1,000 to $1,499	214	30.88%, see rank	34.42%	27.90%
$1,500 to $1,999	148	21.36%, see rank	18.69%	20.35%
$2,000 to $2,999	102	14.72%, see rank	12.57%	19.52%
$3,000 or More	0	0.00%, see rank	4.51%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Royale, NC	27.70% of the Total Income
North Carolina	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lake Royale, NC	%	North Carolina	U.S.
10% or Less	37	5.34%, see rank	6.41%	5.86%
10% to 20%	238	34.34%, see rank	34.98%	31.95%
20% to 30%	102	14.72%, see rank	27.06%	27.64%
30% to 40%	214	30.88%, see rank	12.56%	13.74%
40% or More	102	14.72%, see rank	18.39%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Lake Royale, NC	368 USD
North Carolina	373 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Lake Royale, NC	%	North Carolina	U.S.
$199 or Less	38	12.26%, see rank	10.23%	7.76%
$200 to $299	78	25.16%, see rank	21.81%	14.70%
$300 to $499	90	29.03%, see rank	41.59%	34.63%
$500 to $699	73	23.55%, see rank	16.79%	21.16%
$700 or More	31	10.00%, see rank	9.58%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Lake Royale, NC	13.80% of the Total Income
North Carolina	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Lake Royale, NC	%	North Carolina	U.S.
10% or Less	119	38.39%, see rank	41.92%	40.19%
10% to 20%	152	49.03%, see rank	31.16%	31.47%
20% to 30%	20	6.45%, see rank	12.06%	12.24%
30% to 40%	0	0.00%, see rank	5.28%	5.64%
40% or More	19	6.13%, see rank	8.16%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Lake Royale, NC	North Carolina	U.S.
Total Housing Units	1,748, 100%	4,385,668	132,741,033
1-unit, Detached	1,422, 81.35%, see rank	65.33%	61.65%
1-unit, Attached	0, 0.00%, see rank	3.82%	5.82%
2 Units	0, 0.00%, see rank	2.14%	3.75%
3 or 4 Units	72, 4.12%, see rank	2.74%	4.43%
5 to 9 Units	0, 0.00%, see rank	4.44%	4.78%
10 or More Units	0, 0.00%, see rank	7.98%	13.08%
Mobile Home, Boat, RV, Van, etc.	254, 14.53%, see rank	13.55%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Lake Royale, NC	North Carolina	U.S.
Total Housing Units	1,748, 100%	4,385,668	132,741,033
1 Room	91, 5.21%, see rank	1.18%	1.95%
2 Rooms	0, 0.00%, see rank	1.51%	2.48%
3 Rooms	164, 9.38%, see rank	6.93%	9.13%
4 Rooms	231, 13.22%, see rank	17.44%	16.60%
5 Rooms	333, 19.05%, see rank	23.63%	20.41%
6 Rooms	302, 17.28%, see rank	18.81%	18.06%
7 Rooms	411, 23.51%, see rank	12.36%	12.27%
8 Rooms	76, 4.35%, see rank	8.08%	8.48%
9 Rooms or More	140, 8.01%, see rank	10.08%	10.60%
Median Rooms	5.70, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Lake Royale, NC	North Carolina	U.S.
Total Housing Units	1,748, 100%	4,385,668	132,741,033
No Bedroom	91, 5.21%, see rank	1.26%	2.17%
1 Bedroom	130, 7.44%, see rank	6.61%	11.16%
2 Bedrooms	289, 16.53%, see rank	26.47%	26.69%
3 Bedrooms	1,108, 63.39%, see rank	47.54%	39.70%
4 Bedrooms	93, 5.32%, see rank	14.55%	16.05%
5 or More Bedrooms	37, 2.12%, see rank	3.57%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Lake Royale, NC	North Carolina	U.S.
Total Housing Units	1,246, 100%	3,742,514	116,211,092
Utility Gas	37, 2.97%, see rank	24.68%	48.85%
Bottled, Tank, or LP Gas	238, 19.10%, see rank	8.00%	4.86%
Electricity	924, 74.16%, see rank	60.27%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	4.34%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	0, 0.00%, see rank	2.17%	2.12%
Solar Energy	0, 0.00%, see rank	0.03%	0.05%
Other Fuel	0, 0.00%, see rank	0.15%	0.47%
No Fuel Used	47, 3.77%, see rank	0.35%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Lake Royale, NC	North Carolina	U.S.
Occupied Units Paying Rent	225, 100%	1,186,631	39,201,928
$199 or Less	9, 4.00%, see rank	1.77%	1.50%
$200 to $299	0, 0.00%, see rank	3.01%	3.18%
$300 to $499	0, 0.00%, see rank	9.02%	7.37%
$500 to $699	0, 0.00%, see rank	23.78%	16.01%
$700 to $999	42, 18.67%, see rank	35.90%	29.17%
$1,000 to $1,499	174, 77.33%, see rank	21.06%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	3.82%	9.79%
$2,000 or More	0, 0.00%, see rank	1.64%	6.10%
Median	$1,316, see rank	$790	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Lake Royale, NC	North Carolina	U.S.
Occupied Housing Units	1,246, 100%	3,742,514	116,211,092
No Vehicles Available	37, 2.97%, see rank	6.54%	9.12%
1 Vehicles Available	251, 20.14%, see rank	32.77%	33.80%
2 Vehicles Available	462, 37.08%, see rank	38.61%	37.48%
3 or More Vehicles Available	496, 39.81%, see rank	22.08%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.