Foreclosure Homes in Royal Lakes, IL

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View this home at E Chestnut Ave Royal Lakes IL 62685
$59,057 EMV

| 0 Sq. Ft.

12 View this home at N Aspen Dr Royal Lakes IL 62685
$106,684 EMV

4 Bed | 2 Bath | 2,250 Sq. Ft.

Displaying 1 - 2 of 2

Home Value Estimator For Royal Lakes, IL

There are currently 1 real estate properties in Royal Lakes, IL, with a median automated valuation model (AVM) price of $69,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Royal Lakes, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Royal Lakes, IL, is $69,900.00, with the most expensive house in Royal Lakes, IL, topping out at $69,900.00 and the cheapest home in Royal Lakes, IL, clocking in at $69,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Royal Lakes, IL!

Rent Prices In Royal Lakes, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Royal Lakes, IL, is on a rollercoaster ride. The average rent price in Royal Lakes, IL, is $800.00. Indeed, when looking to rent in Royal Lakes, IL, you can expect to pay as little as $800.00 or as much as $800.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Royal Lakes, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Royal Lakes, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Royal Lakes, IL area at Get information on foreclosure homes for rent, how to buy foreclosures in Royal Lakes, IL and much more. Save thousands at closing with home foreclosure listings in Royal Lakes, IL — up to 75% off market value!

Top Reasons To Live In Royal Lakes, IL In 2023

Royal Lakes is located in Macoupin, Illinois, with an estimated municipal population of 185 residents. All of the best foreclosed homes for sale in Royal Lakes are located in the following zip code areas on 62685. The estimated population per square kilometer (.62 miles) in Royal Lakes is 153.

Cost Of Living In Royal Lakes, IL

So, about how much do homes cost in Royal Lakes? The most recent median value of resident-owned homes in Royal Lakes is 68,986. An estimated 63.7 percent of households in Royal Lakes own their homes, with an average family size of 2.48. The median household income in Royal Lakes is 30,781, with5.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Royal Lakes, the median commute time of resident workers (in minutes) is 33. And last, but certainly not least, are you looking for homes to rent in Royal Lakes? If so, the average rent price paid by renters in Royal Lakes is 581, according to recent statistics.

Diversity And Demographics In Royal Lakes, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Royal Lakes, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Royal Lakes is 56.8, split between 55.3 percent male versus 44.7 female. The percentage of residents who report being married in Royal Lakes is 42, with an average family size of 2.48.

The percentage of residents who report their race in Royal Lakes is as follows:

White 34%
Black / African American 49.5%
Asian 1.1%
American Indian / Alaskan Native 7.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 7.4%
Other 0.5%

Looking for family-friendly neighborhoods in and/or near Royal Lakes? Or maybe you are searching for 55+ active adult communities in and/or near Royal Lakes?

The percentage of residents who report their age in Royal Lakes is as follows:

Under 10 0.5%
Aged 10-19 17%
20s 7.5%
30s 0.5%
40s 12.8%
50s 17.6%
60s 19.2%
70s 19.7%
80+ 5.3%

Best Schools In Royal Lakes, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Royal Lakes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Royal Lakes.

Pros And Cons Of Living In Royal Lakes, Illinois

How do you know that living in -- or moving to -- Royal Lakes is right where you need to be? Perhaps you grew up in Royal Lakes or already live nearby; therefore, the decision to buy a home in Royal Lakes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Royal Lakes for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Royal Lakes:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Royal Lakes.

Reasons To Move To Royal Lakes, Illinois, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Royal Lakes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Royal Lakes, meanwhile, can field multiple offers from more qualified buyers.

Royal Lakes, IL Foreclosures


Listing types in Royal Lakes, IL

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