The housing market in Royal, IL is strong and stable compared to the national median. The median house value in Royal, IL is $153,800 which is much lower than the US House Median Value of $338,100. In addition, the US 1 year House Appreciation rate was 8.27% while the House 1 year appreciation rate in Royal, IL came in at 8.72%. This indicates that real estate values in Royal are increasing at a faster rate than the national average, proving to be a sound investment for those looking to buy or sell homes in this area.
The median home cost in Royal is $153,800. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Royal is up 14.5%.
Average Age of Homes
- The median age of Royal real estate is 49 years old
The Rental Market in Royal
- Renters make up 0.8% of the Royal population
- 0.0% of houses and apartments in Royal, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.