Royal Palm Beach, FL Real Estate
According to census data in the year 2000 there were 8,128 housing units in Royal Palm Beach.
This represents a 35.8% growth from 5,985 in 1990.
Of those housing units, 8,117 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.
Homeownership rate in Royal Palm Beach is about 88.3%.
Royal Palm Beach's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.82 people.
The majority of houses, apartments or condos in Royal Palm Beach were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 4.90% |
| Two Bedrooms | 30% |
| Three Bedrooms | 52.20% |
| Four Bedrooms | 12% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $114,900 |
| Median Price asked for vacant units | $108,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $940 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 11.30% |
| Home Equity Loan | 10% |
| Simple Mortgage | 62.80% |
| Debt Free | 15.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.1% |
