Home prices
The price of the median home in Lake Royale is $209,800. This is approximately $103,960 (98%) higher in comparison to nearby areas.It is roughly $7,700 (3%) lower in comparison to the entire country, and in comparison to the city of Raleigh is about $38,500 (15%) lower.
Rents
In Lake Royale the median rent is $1,129 a month. It is approximately $380 (50%) higher compared to the surrounding areas.Compared to the country as a whole it is roughly $67 (6%) higher, and it is is very similar in comparison to the city of Raleigh.
Nearby places
Bunn
Bunn is about 2 miles west of Lake Royale. Its housing prices are substantially less expensive. The median home in Bunn costs $85,000, which comes out to $124,800 (146%) lower than Lake Royale. Its rents are substantially less expensive. The median monthly rent in Bunn is $721, which is $408 (56%) lower than Lake Royale.
Spring Hope
Spring Hope is roughly 4 miles east from Lake Royale. The housing prices there are significantly less expensive. Spring Hope's median home cost is $101,300, which works out to $108,500 (107%) lower than Lake Royale. Rent there is substantially less expensive. In Spring Hope the median monthly rent is $687, which is $442 (64%) lower than Lake Royale.
Castalia
Castalia is roughly 10 miles northeast of Lake Royale. Housing prices there are a lot less expensive. The median home in Castalia is valued at $51,700, which works out to $158,100 (305%) lower than Lake Royale. Its rents are substantially less expensive. The median rent in Castalia is $602 per month, which comes out to $527 (87%) lower than Lake Royale.
Louisburg
Louisburg is about 10 miles northwest from Lake Royale. Its real estate prices are a bit less expensive. Louisburg's median home price is $161,100, which works out to $48,700 (30%) lower than Lake Royale. Rents there are a lot less expensive. In Louisburg the median rent is $586 a month, which comes out to $543 (92%) lower than Lake Royale.
Zebulon
Zebulon is approximately 11 miles southwest from Lake Royale. Real estate prices there are substantially less expensive. The median home in Zebulon is valued at $130,100, which works out to $79,700 (61%) lower than Lake Royale. The rent there is fairly similar. The median rent in Zebulon is $1,151 a month, which comes out to $22 (1%) higher than Lake Royale.
