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Royal Center, IN Real Estate


According to census data in the year 2000 there were 364 housing units in Royal Center. This represents a 0.8% decline from 367 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 364 were located in what is classified as a rural area.

Homeownership rate in Royal Center is about 85.3%. Royal Center's vacancy rate, including seasonal lodging, is about 8.5%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Royal Center were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.60%
Two Bedrooms42%
Three Bedrooms40.10%
Four Bedrooms13.70%
Five Bedrooms or more0.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1939
Median Value of occupied units$55,900

Rented Homes, Apartments and Condos

Average Household Size3.35
Median year structure was built1958
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.20%
Home Equity Loan0%
Simple Mortgage48%
Debt Free48.80%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs12.1%