Royal Lakes, IL Real Estate
According to census data in the year 2000 there were 118 housing units in Royal Lakes.
This represents a 1.7% decline from 120 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 118 were located in what is classified as a rural area.
Homeownership rate in Royal Lakes is about 79.7%.
Royal Lakes's vacancy rate, including seasonal lodging, is about 37.3%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Royal Lakes were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.10% |
| One Bedroom | 14.40% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 38.10% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $50,600 |
| Median Price asked for vacant units | $15,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.33 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 31.70% |
| Debt Free | 68.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.3% |
