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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 Type5.10%
One Bedroom14.40%
Two Bedrooms33.90%
Three Bedrooms38.10%
Four Bedrooms8.50%
Five Bedrooms or more0%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1967
Median Value of occupied units$50,600
Median Price asked for vacant units$15,000

Rented Homes, Apartments and Condos

Average Household Size3.33
Median year structure was built1968
Median Monthly Rent asked for vacant units$350

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan0%
Simple Mortgage31.70%
Debt Free68.30%
As % of Housing Units
   
Median part of Monthly Household Income dedicated to covering home ownership costs25.3%