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Affordable
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These days, finding an affordable place to live in the Royal Lakes area can be challenging. Home prices in Royal Lakes are now at a median cost of $171,030, lower than the Illinois average of $300,242.
The average cost of rent is $349/mo in Royal Lakes, primarily driven by the current value of real estate in the Royal Lakes area. In Royal Lakes, 25.05% of households rent, and 49.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Royal Lakes is $5,227 per month. Households that rent pay about 6.68% of their income on rent here. Royal Lakes’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shipman, IL: equally priced homes
- Dorchester, IL: higher priced homes
- Bunker Hill, IL: higher priced homes
- Woodburn, IL: higher priced homes
- Plainview, IL: higher priced homes
- Wilsonville, IL: higher priced homes
- Mount Clare, IL: less expensive homes
- Gillespie, IL: less expensive homes
- East Gillespie, IL: less expensive homes
- Benld, IL: less expensive homes
Cities with Similar Populations
- Starkville, NY: higher priced homes
- Island Park, IN: higher priced homes
- Jadwin, MO: equally priced homes
- St. Maurice, IN: higher priced homes
- St. Nicholas, MI: equally priced homes
- St. Peter, WI: higher priced homes
- St. Xavier, MT: higher priced homes
- Standley, OH: equally priced homes
- Stanleytown, VA: higher priced homes
- Stannard, VT: higher priced homes
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