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Royal, IA Real Estate


According to census data in the year 2000 there were 218 housing units in Royal. This represents a 2.8% growth from 212 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 218 were located in what is classified as a rural area.

Homeownership rate in Royal is about 78.4%. Royal's vacancy rate, including seasonal lodging, is about 12.8%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Royal were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.20%
Two Bedrooms31.20%
Three Bedrooms49.10%
Four Bedrooms15.10%
Five Bedrooms or more1.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1945
Median Value of occupied units$47,500
Median Price asked for vacant units$55,000

Rented Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1939
Median Monthly Rent asked for vacant units$314

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan1.40%
Simple Mortgage51.10%
Debt Free44%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.6%