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 Type | 0% |
| One Bedroom | 3.60% |
| Two Bedrooms | 42% |
| Three Bedrooms | 40.10% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $55,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.35 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 0% |
| Simple Mortgage | 48% |
| Debt Free | 48.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.1% |
