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Lake Royale, NC
Full City Profile · North Carolina · Wake County County
3.4
/5.0
B
Good
2,959
Population
455/sq mi density
$96,250
Median Income
$43,356 per capita
$263,000
Home Value
$242,501 Zillow
$1,144
Median Rent
13.3% income on rent
61°F
Avg Temperature
310 sunny days/yr
562
Violent Crime/100K
8,427 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$96,250 median income, 1.1% unemployment
A+
Affordability
5.0 / 5.0
$263,000 home value, $1,144/mo rent
F
Safety
1.0 / 5.0
562 violent crimes/100K (48% above avg)
C+
Education
2.7 / 5.0
21.1% bachelor's degree or higher
Housing Overview
Median Home Value
$263,000
7% below
US avg: $281,900
Median Rent
$1,144/mo
2% below
US avg: $1,163/mo
Homeownership Rate
92.6%
42% above US avg (65.4%)
Total Housing Units
2,145
Median year built: 2001
Home Value by Source
Census Median
$263,000
Zillow (ZHVI)
$242,501
Median Sale Price
$379,000
Median List Price
$369,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.6%
Owner-Occupied
7.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$932/mo
1 Bedroom
$981/mo
2 Bedroom
$1,161/mo
3 Bedroom
$1,499/mo
4 Bedroom
$1,780/mo
Census median rent:
$1,144/mo
Market Indicators (Redfin)
Median Days on Market
62 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
22.2%
of listings with price reduction
Price Per Sq Ft
$192
Active Inventory
45
homes for sale
Affordability & Housing Stock
Rent Burden
13.3%
of renters spending 30%+ of income on housing
57% below US avg (31.0%)
Median Year Built
2001
Average age of housing stock: 25 years
Homeownership Rate
92.6%
Complete Housing Data
Home Values
| Census Median Value | $263,000 |
| Zillow Home Value (ZHVI) | $242,501 |
| Median Sale Price | $379,000 |
| Median List Price | $369,450 |
| Price Per Sq Ft | $192 |
Rent
| Census Median Rent | $1,144 |
| FMR Studio | $932 |
| FMR 1-Bedroom | $981 |
| FMR 2-Bedroom | $1,161 |
| FMR 3-Bedroom | $1,499 |
| FMR 4-Bedroom | $1,780 |
Market
| Days on Market | 62 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 22.2% |
| Homes Sold | 7 |
| Active Inventory | 45 |
| Price Per Sq Ft | $192 |
Ownership & Stock
| Owner-Occupied | 92.6% |
| Renter-Occupied | 7.4% |
| Homeownership Rate | 92.6% |
| Total Housing Units | 2,145 |
| Median Year Built | 2001 |
| Rent Burden | 13.3% |