Lake Royale median real estate price is $332,529, which is more expensive than 54.5% of the neighborhoods in North Carolina and 45.0% of the neighborhoods in the U.S.
The average rental price in Lake Royale is currently $1,962, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.8% of North Carolina neighborhoods.
Lake Royale is a rural neighborhood (based on population density) located in Louisburg, North Carolina.
Lake Royale real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Lake Royale neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Lake Royale. The current real estate vacancy rate here is 29.8%. This is higher than the rate of vacancies in 94.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (26.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
While most Americans do drive to work alone each day, the Lake Royale neighborhood stands out by having 95.1% of commuters doing so, which is a higher proportion of people driving alone to work than NeighborhoodScout found in 99.5% of all American neighborhoods.
Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Lake Royale neighborhood may actually hold the key. 70.0% of its residents are married, which is a higher percentage than is found in 96.2% of the neighborhoods in America.
In addition, if you're looking for a great spot to raise a family, then look no further than the Lake Royale neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 14.2% of family-friendly neighborhoods across the state of North Carolina. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
Did you know that the Lake Royale neighborhood has more Welsh and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.3% of this neighborhood's residents have Welsh ancestry and 4.8% have Scottish ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Lake Royale neighborhood in Louisburg are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 65.5% of the neighborhoods in America. In addition, 8.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 55.4% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Lake Royale neighborhood, 40.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.6%), and 10.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the Lake Royale neighborhood is English, spoken by 98.0% of households.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Lake Royale neighborhood in Louisburg, NC, residents most commonly identify their ethnicity or ancestry as German (21.4%). There are also a number of people of English ancestry (15.3%), and residents who report Irish roots (8.7%), and some of the residents are also of Scottish ancestry (4.8%), along with some Italian ancestry residents (4.3%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lake Royale neighborhood spend between 15 and 30 minutes commuting one-way to work (48.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (95.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.