Lake Royale, NC housing market
Homes typically sell in 14 days, close to asking.
Home values, sales, trends and how Lake Royale compares with the towns next door — updated as new data is published.
Lake Royale at a glance
A buyer's market
More homes are for sale than are selling — about 15 months of supply. Buyers have room to negotiate.
Home prices up 62% in 5 years
The federal house price index for the ZIP codes around Lake Royale rose 62% over the past 5 years, about the same as across North Carolina. Last year prices rose 1.3%. Carrying the Census median home value forward with that index puts the typical Lake Royale home at roughly $512,000 today.
Show as a table
| Year | Change that year | Since 2000 | North Carolina since 2000 |
|---|---|---|---|
| 2025 | +1.3% | +141% | +159% |
| 2024 | +8% | +138% | +153% |
| 2023 | +11% | +120% | +141% |
| 2022 | +21% | +99% | +121% |
| 2021 | +11% | +65% | +83% |
| 2020 | +4.8% | +48% | +62% |
| 2019 | +7.3% | +41% | +56% |
| 2018 | +3% | +32% | +47% |
| 2017 | +6% | +28% | +39% |
| 2016 | +6.2% | +21% | +31% |
| 2015 | +4% | +14% | +26% |
| 2014 | −1.1% | +9.2% | +21% |
| 2013 | +4.1% | +10% | +18% |
| 2012 | −7% | +6.1% | +17% |
| 2011 | −0.2% | +14% | +20% |
| 2010 | −3.7% | +14% | +25% |
| 2009 | −3.2% | +19% | +32% |
| 2008 | +1.4% | +23% | +36% |
| 2007 | +1.1% | +21% | +34% |
| 2006 | +3.3% | +20% | +28% |
| 2005 | +8.6% | +16% | +19% |
| 2004 | +0.4% | +6.7% | +12% |
| 2003 | +1% | +6.2% | +8.3% |
| 2002 | +2.4% | +5.1% | +6.7% |
| 2001 | +2.7% | +2.7% | +4.2% |
| 2000 | — | — | — |
How Lake Royale ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 27549, 27882, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
2.6 years of income
The typical Lake Royale home costs about 2.6 years of the town's median household income, less than across North Carolina (4.6 years).
How Lake Royale ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,350
HUD's Fair Market Rent for a two-bedroom in Lake Royale is $1,350 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake Royale pay a median of $1,390. A two-bedroom takes about 15% of the town's median household income.
Studio $1,170 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27549, 27882; Raleigh-Cary, NC MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.