Royal Lakes, IL

This village of 190 residents needs 8 more housing units over the next five years.

Housing snapshot

Population
190 (2026)
Households
99
Median household income
$3,816 (2024)
Typical home value
$173,696
Owner-occupied
40%
Five-year housing need
8 units

Comparison to other Illinois municipalities

Royal Lakes: $3,816 Median income (2024 estimate)
<$26K >$180K
Royal Lakes: None jobs to household ratio
<0.06 >2.32
Royal Lakes: No permit data
<0% >5.1%
On this page

How affordable is this community?

At $173,696, typical home prices in Royal Lakes, IL are close to the Illinois average of $175,449. Royal Lakes, IL's median household income of $-5,467 falls well short of what is needed to afford the typical home, leaving a gap of about $58,974.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Royal Lakes, IL has roughly 99 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Royal Lakes, IL is relatively mixed, with detached single-family as the most common type at 38%. In Royal Lakes, IL, renters make up the majority, with only 40% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?