The Most Affordable Neighborhoods in Royal Lakes, Jacksonville, FL by Home Value

 

Royal Lakes, Jacksonville, FL Map of Most Affordable Neighborhoods
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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 $156,499, lower than the Jacksonville average of $255,486.

The average cost of rent is $1,207/mo in Royal Lakes, primarily driven by the current value of real estate in the Royal Lakes area. While nearly 47.66% of residents own their homes outright in Royal Lakes, 70.25% rent.

Housing affordability isn’t just about home prices, though. The average household income in Royal Lakes is $4,515 per month. Households that rent pay about 26.73% of their income on rent here. Royal Lakes's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.


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