The housing market in Lake Royale, NC is flourishing! The median value for houses in the area is currently $258,700, which is significantly lower than the US median house value of $338,100. In the past year alone, the house appreciation rate for the area has been 15.30%, much higher than the US rate of 8.27%. This suggests that there is a steady demand for housing in the area and that prices are likely to continue appreciating in upcoming years. With such an attractive real estate market, it's no wonder why so many people are choosing to make Lake Royale their home!
The median home cost in Lake Royale is $258,700. Home appreciation the last 10 years has been 106.1%. Home Appreciation in Lake Royale is up 24.7%.
Average Age of Homes
- The median age of Lake Royale real estate is 29 years old
The Rental Market in Lake Royale
- Renters make up 13.9% of the Lake Royale population
- 0.0% of houses and apartments in Lake Royale, 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.