Royal Palm Estates CDP Florida Area Home Supply Charts

This page looks at a variety of Royal Palm Estates CDP Florida housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Royal Palm Estates CDP depicts it has a Housing Units of 938 which is the second most housing units of all the places in the greater Royal Palm Estates CDP region.

Figure 2 illustrates the housing density in the Royal Palm Estates CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Royal Palm Estates CDP depicts it has a Housing Density of 1153.6 which is the second smallest when ranked by housing density of all the other places in the metro area. The place with the highest housing density in the area is Stacey Street CDP which indicates a density of 2147.0 (about twice as large). Comparing housing density to the United States average of 38.9, Royal Palm Estates CDP is substantially bigger. Also, in comparison with the state of Florida, housing density of 176.0, Royal Palm Estates CDP is substantially bigger.

In Figure 4, Royal Palm Estates CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Royal Palm Estates CDP depicts it has a Housing Unit Change of -9.5% which is the smallest in terms of change in the housing units of all the other places in the surrounding region. The place with the highest change in the housing units in the area is Plantation Mobile Home Park CDP which depicts a housing units of 14.4% (52.3% larger). Comparing change in the housing units to the United States average of 5.7%, Royal Palm Estates CDP is 66.4% larger. Also, measured against the state of Florida, change in the housing units of 5.1%, Royal Palm Estates CDP is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Royal Palm Estates CDP depicts it has a Renter Percent of 65.7% which is the second most renter percent of all the places in the greater Royal Palm Estates CDP region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 34.3% which is the second smallest in order of owner percent of all the other places in the metro area.

Royal Palm Estates CDP Florida Home Cost Charts

Looking at the housing data provided in Figure 7, the average Royal Palm Estates CDP home price is illustrated for this community and a useful analysis of affordable housing. Royal Palm Estates CDP depicts it has a Median Home Value of $123,600 which is less than most other places in the local area. The place with the highest median home price in the area is Gun Club Estates CDP which shows a home price of $222,400 (79.9% larger). Figure 8 provides aggregate comparative data for the Royal Palm Estates CDP Florida metro area in terms of the median housing rental rate, apartment rent, etc. Royal Palm Estates CDP depicts it has a Median Gross Rent of $1,244 which is less than most other places in the greater region. The place with the highest rental rates in the area is Gun Club Estates CDP which shows a rental rates of $1,804 (45.0% larger). Comparing rental rates to the United States average of $1,062, Royal Palm Estates CDP is 17.1% larger. Also, measured against the state of Florida, rental rates of $1,175, Royal Palm Estates CDP is only about 5.9% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Royal Palm Estates CDP has one of the largest proportions of home price worth less than $50,000 at 15% of the total and is ranked #2. The only larger place being Plantation Mobile Home Park CDP with 15%. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 80% of the total and is ranked #1. Third, it has the second smallest when sorted by home price worth less than $50,000 of all the other places in the greater region in order of home price worth between $100,000 to $200,000 at 6% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Royal Palm Estates CDP depicts it has a Median Owner Cost of $1,094 which is in the center range of other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Royal Palm Estates CDP metro area. it has a Owner Cost as % of HH Income of 23% which is the third most cost as a percent of household income of all other places in the greater Royal Palm Estates CDP region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Royal Palm Estates CDP depicts it has a Median Home Value as Percent of Median Earnings of 463% which is less than most other places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Royal Palm Estates CDP depicts it has a Median Owner Costs-With Mortgage of $1,173 which is less than most other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $202 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Royal Palm Estates CDP has the percentage of owner cost less than $300 less than most other places in the surrounding region at 6% of the total. Second, it has in the mid range of other places in the greater region in terms of owner cost between $500 and $700 at 9% of the total. Third, it has the largest proportion of owner cost between $700 and $1,000 at 51% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Royal Palm Estates CDP shows it has a % of Income Owner Costs-With Mortgage of 24% which is in the mid range of other places in the local area. The place with the highest cost as a percent of household income in the area is Gun Club Estates CDP which depicts a cost as a percent of household income of 51% (about twice as large). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Royal Palm Estates CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the local area. The place with the highest cost as a percent of household income in the area is Plantation Mobile Home Park CDP which depicts a cost as a percent of household income of 36% (approximately 4.0 times bigger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Royal Palm Estates CDP has the percentage of rent as a percent of income is less than 10 pct in the middle range of other places in the surrounding region at 8% of the total. Second, it has in the mid range of other places in the greater region when ranked by rent as a percent of income is between 10pct to 20pct at 21% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 21% of the total and is ranked #2. The only larger place being Gun Club Estates CDP with 22%. Also, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 45% of the total and is ranked #2. The only larger place being Haverhill with 66%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Royal Palm Estates CDP has the largest proportion of housing cost between $700 and $1,000 at 56% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,320 which is the third most median real estate taxes paid of all other places in the greater Royal Palm Estates CDP region. The place with the highest median real estate taxes paid in the area is Haverhill which shows a taxes paid of $2,603 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,471, Royal Palm Estates CDP is approximately half the size. Also, in contrast to the state of Florida, median real estate taxes paid of $1,914, Royal Palm Estates CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Royal Palm Estates CDP Florida has the largest proportion of rent less than 300 dollars at 2% of the total and is ranked #1. Second, it has in the mid range of other places in the metropolitan area when ranked by rent between 750 and 1000 dollars at 59% of the total. Third, it has in the middle range of other places in the local area when ranked by rent between 1000 and 1500 dollars at 28% of the total.

Royal Palm Estates CDP Florida Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Royal Palm Estates CDP has the largest proportion of with heloc at 2% of the total and is ranked #1. Second, it has one of the largest proportions of both 2nd mortgage and heloc at 76% of the total and is ranked #2. The only larger place being Gun Club Estates CDP with 91%. Third, it has the second smallest when sorted by with mortgage of all the other places in the area in terms of no 2nd mortgage and no heloc at 23% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Royal Palm Estates CDP has the percentage of houses with mortgages the second smallest as measured by houses with a mortgage of all the other places in the local area at 23% of the total.

Royal Palm Estates CDP Florida Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 4.7 which is the highest of all places in the greater Royal Palm Estates CDP region. Comparing family members per housing unit to the United States average of 3.3, Royal Palm Estates CDP is 42.8% larger. Also, in comparison with the state of Florida, family members per housing unit of 3.4, Royal Palm Estates CDP is 40.6% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 4.3 which is in the mid range of other places in the local area. The place with the highest average number of rooms in a house in the area is Lake Belvedere Estates CDP which depicts an average number of rooms in a house of 5.5 (27.9% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1972 which is less than most other places in the metro area. The place with the highest year built in the area is Lake Belvedere Estates CDP which depicts a year built of 2000 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 in the center range of other places in the local area at 5% of the total. Second, it has in the center range of other places in the greater region in order of homes built between 2000 to 2009 at 4% of the total. Third, it has the largest proportion of homes built between 1980 to 1989 at 24% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1970 to 1979 at 33% of the total and is ranked #1. In addition, it has the second smallest in terms of homes built in 2014 or later of all the other places in the area in terms of homes built between 1960 to 1969 at 2% of the total. Furthermore, it has the largest proportion of homes built between 1940 to 1949 at 8% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has the largest proportion of owner housing units at 581 of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of one unit attached at 17% of the total and is ranked #2. The only larger place being Pine Air CDP with 21%. Second, it has one of the largest proportions of 2 units at 21% of the total and is ranked #2. The only larger place being Stacey Street CDP with 50%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 1980 to 1989 in the mid range of other places in the local area at $119,500 of the total. Second, it has one of the largest proportions of value of homes built 1970 to 1979 at $128,600 of the total and is ranked #3. Only #2 Pine Air CDP ($196,900), and #1 Haverhill ($217,300) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Royal Palm Estates CDP residents. it has a Owner-Household Size of 3.5 which is the third most homeowner household size of all other places in the greater Royal Palm Estates CDP region. The place with the highest homeowner household size in the area is Lake Belvedere Estates CDP which shows a homeowner household size of 4.1 (17.0% larger).

Figure 37 shows the household size for renters. Royal Palm Estates CDP shows it has a Renter-Household Size of 4.3 which is the second most renter household sizes of all the places in the greater Royal Palm Estates CDP region. The place with the highest renter household size in the area is Lake Belvedere Estates CDP which depicts a renter household sizes of 4.9 (14.0% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 24% of the total and is ranked #2. The only larger place being Gun Club Estates CDP with 63%. Second, it has less than most other places in the greater region as measured by owners moved in 2015 to 2016 at 17% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 37% of the total and is ranked #1. Also, it has in the middle range of other places in the area when ranked by owners moved in 2000 to 2009 at 18% of the total. In addition, it has the second smallest when sorted by owners moved in 2017 or later of all the other places in the metro area when ranked by owners moved in 1990 to 1999 at 3% of the total. Figure 39 shows the year that people who rent moved into the area. Royal Palm Estates CDP has the percentage of renters moved in 2017 or later less than most other places in the local area at 18% of the total. Second, it has less than most other places in the metropolitan area in terms of renters moved in 2015 to 2016 at 25% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 27% of the total and is ranked #1. Also, it has less than most other places in the local area when sorted by renters moved in 2000 to 2009 at 0% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is the third most of all other places in the area. Figure 41 compares the median year that renters moved into their home. Royal Palm Estates CDP shows it has a Renter Median Year Moved In of 2015 which is the second most median year that a renter moved in of all the places in the greater Royal Palm Estates CDP region.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Royal Palm Estates CDP housing department, Florida department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Royal Palm Estates CDP indicates it has a Total In Group Quarters of 103 which is more than all other places in the local area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Royal Palm Estates CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Royal Palm Estates CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.