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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 ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle 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, NCNorth CarolinaU.S.
Total Housing Units1,748, see rank, 100%4,385,668132,741,033
Occupied Housing Units1,246, 71.28%, see rank85.34%87.55%
Owner Occupied1,003, 57.38%, see rank56.13%56.34%
Renter Occupied243, 13.90%, see rank29.20%31.21%
Vacant Housing Units502, 28.72%, see rank14.66%12.45%
For Rent72, 4.12%, see rank2.65%2.34%
For Sale Only118, 6.75%, see rank1.41%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.78%0.92%
For Seasonal, Recreational, or Occasional Use224, 12.81%, see rank4.81%3.97%
For Migrant Workers0, 0.00%, see rank0.03%0.03%
Other Vacant88, 5.03%, see rank4.98%4.00%

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

Year Structure Built

Median Built Year, #61
Lake Royale, NCNorth CarolinaU.S.
199419861976

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 CarolinaU.S.
Owner-Occupied Units1,003100%2,461,74174,787,460
With a Mortgage69369.09%, see rank66.10%65.58%
Without a Mortgage31030.91%, see rank33.90%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 CostsLake Royale, NC%North CarolinaU.S.
$299 or Less00.00%, see rank0.29%0.20%
$300 to $49900.00%, see rank2.34%1.59%
$500 to $699202.89%, see rank6.85%5.01%
$700 to $99920930.16%, see rank20.33%14.32%
$1,000 to $1,49921430.88%, see rank34.42%27.90%
$1,500 to $1,99914821.36%, see rank18.69%20.35%
$2,000 to $2,99910214.72%, see rank12.57%19.52%
$3,000 or More00.00%, see rank4.51%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 CarolinaU.S.
10% or Less375.34%, see rank6.41%5.86%
10% to 20%23834.34%, see rank34.98%31.95%
20% to 30%10214.72%, see rank27.06%27.64%
30% to 40%21430.88%, see rank12.56%13.74%
40% or More10214.72%, see rank18.39%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 CostsLake Royale, NC%North CarolinaU.S.
$199 or Less3812.26%, see rank10.23%7.76%
$200 to $2997825.16%, see rank21.81%14.70%
$300 to $4999029.03%, see rank41.59%34.63%
$500 to $6997323.55%, see rank16.79%21.16%
$700 or More3110.00%, see rank9.58%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 CarolinaU.S.
10% or Less11938.39%, see rank41.92%40.19%
10% to 20%15249.03%, see rank31.16%31.47%
20% to 30%206.45%, see rank12.06%12.24%
30% to 40%00.00%, see rank5.28%5.64%
40% or More196.13%, see rank8.16%9.16%

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

Units in Structure

 Lake Royale, NCNorth CarolinaU.S.
Total Housing Units1,748, 100%4,385,668132,741,033
1-unit, Detached1,422, 81.35%, see rank65.33%61.65%
1-unit, Attached0, 0.00%, see rank3.82%5.82%
2 Units0, 0.00%, see rank2.14%3.75%
3 or 4 Units72, 4.12%, see rank2.74%4.43%
5 to 9 Units0, 0.00%, see rank4.44%4.78%
10 or More Units0, 0.00%, see rank7.98%13.08%
Mobile Home, Boat, RV, Van, etc.254, 14.53%, see rank13.55%6.49%

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

Rooms

 Lake Royale, NCNorth CarolinaU.S.
Total Housing Units1,748, 100%4,385,668132,741,033
1 Room91, 5.21%, see rank1.18%1.95%
2 Rooms0, 0.00%, see rank1.51%2.48%
3 Rooms164, 9.38%, see rank6.93%9.13%
4 Rooms231, 13.22%, see rank17.44%16.60%
5 Rooms333, 19.05%, see rank23.63%20.41%
6 Rooms302, 17.28%, see rank18.81%18.06%
7 Rooms411, 23.51%, see rank12.36%12.27%
8 Rooms76, 4.35%, see rank8.08%8.48%
9 Rooms or More140, 8.01%, see rank10.08%10.60%
Median Rooms5.70, see rank5.505.50

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

Bedrooms

 Lake Royale, NCNorth CarolinaU.S.
Total Housing Units1,748, 100%4,385,668132,741,033
No Bedroom91, 5.21%, see rank1.26%2.17%
1 Bedroom130, 7.44%, see rank6.61%11.16%
2 Bedrooms289, 16.53%, see rank26.47%26.69%
3 Bedrooms1,108, 63.39%, see rank47.54%39.70%
4 Bedrooms93, 5.32%, see rank14.55%16.05%
5 or More Bedrooms37, 2.12%, see rank3.57%4.22%

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

House Heating Fuel

 Lake Royale, NCNorth CarolinaU.S.
Total Housing Units1,246, 100%3,742,514116,211,092
Utility Gas37, 2.97%, see rank24.68%48.85%
Bottled, Tank, or LP Gas238, 19.10%, see rank8.00%4.86%
Electricity924, 74.16%, see rank60.27%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank4.34%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood0, 0.00%, see rank2.17%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel0, 0.00%, see rank0.15%0.47%
No Fuel Used47, 3.77%, see rank0.35%1.00%

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

Gross Rent

Monthly RentalLake Royale, NCNorth CarolinaU.S.
Occupied Units Paying Rent225, 100%1,186,63139,201,928
$199 or Less9, 4.00%, see rank1.77%1.50%
$200 to $2990, 0.00%, see rank3.01%3.18%
$300 to $4990, 0.00%, see rank9.02%7.37%
$500 to $6990, 0.00%, see rank23.78%16.01%
$700 to $99942, 18.67%, see rank35.90%29.17%
$1,000 to $1,499174, 77.33%, see rank21.06%26.88%
$1,500 to $1,9990, 0.00%, see rank3.82%9.79%
$2,000 or More0, 0.00%, see rank1.64%6.10%
Median$1,316, see rank$790$920

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

Vehicle Available

 Lake Royale, NCNorth CarolinaU.S.
Occupied Housing Units1,246, 100%3,742,514116,211,092
No Vehicles Available37, 2.97%, see rank6.54%9.12%
1 Vehicles Available251, 20.14%, see rank32.77%33.80%
2 Vehicles Available462, 37.08%, see rank38.61%37.48%
3 or More Vehicles Available496, 39.81%, see rank22.08%19.61%

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


 
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