Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Royal area can be challenging. Home prices in Royal are now at a median cost of $155,925, lower than the Illinois average of $242,002.
The average cost of rent is $938/mo in Royal, primarily driven by the current value of real estate in the Royal area. While nearly 46.08% of residents own their homes outright in Royal, 11.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Royal is $7,809 per month. Households that rent pay about 12.01% of their income on rent here. Royal's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Hope, IL: less expensive homes
- Ogden, IL: higher priced homes
- St. Joseph, IL: higher priced homes
- Fithian, IL: less expensive homes
- Gifford, IL: equally priced homes
- Penfield, IL: equally priced homes
- Muncie, IL: less expensive homes
- Armstrong, IL: less expensive homes
- Brothers, IL: less expensive homes
- Collison, IL: less expensive homes
Cities with Similar Populations
- Gibson Flats, MT: higher priced homes
- Swallowfield, KY: less expensive homes
- Handy, NC: equally priced homes
- Greensboro, VT: higher priced homes
- Graysontown, VA: higher priced homes
- Glen Fork, WV: less expensive homes
- Glen Flora, TX: higher priced homes
- Gimlet, KY: less expensive homes
- Gilpin, KY: less expensive homes
- Sweet, ID: higher priced homes
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