Royal Center, IN—46978
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Royal Center, IN
As of Oct '25, the median home price in Royal Center, IN is $185,000, with a year-over-year change of 5.8%. This indicates that home prices in Royal Center, IN are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $185,000 | 5.8% |
| Single Family | $185,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $146,000 | 5.0% |
3 Bed | $196,000 | 5.4% |
4 Bed | $209,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Royal Center, IN
Royal Center, IN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Royal Center, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Royal Center, IN is 54. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $165,000 | -6.0% |
Listing Count | 5 | 88.0% |
| Listings as % of Homes | 0.5% | 88.0% |
Days on Market | 54 | -35.0% |
Demographics — Royal Center, IN
As of the latest ACS Survey released in 2023, Royal Center, IN has a population of 2,110, which has increased by 4.9% over the past 5 years. Royal Center, IN is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,110 | 4.9% |
% Under 18 | 17.5% | -33.0% |
% Seniors | 19.5% | 29.1% |
% WFH | 0.9% | -43.8% |
% w/ College Degree | 17.0% | -5.6% |
As of the latest ACS Survey released in 2023, Royal Center, IN is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Royal Center, IN is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.3% of the population in Royal Center, IN, and this percentage has increased by 8.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.9% | -0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.1% | 10.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.3% | 8.3% |
Mortgage and Risk — Royal Center, IN
According to HUD data as of 2023, there were 46 mortgage originations in Royal Center, IN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 141.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Royal Center, IN. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Royal Center, IN
Royal Center, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,330 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Royal Center, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $185,000 |
| Median Household Income | $66,200 |