HomeNorth CarolinaFranklin CountyLake Royale CDP
Lake Royale CDP, North Carolina: commercial real estate data.
Lake Royale CDP is a Census CDP of 3,168 people across 6.51 square miles of land, in Franklin County. Median household income is $107,806, 94.5 percent of occupied homes are owned.
50 sourced place values · tier FULL · 6 sections
Lake Royale
What Lake Royale is
- Census place typeCDP
- Land area6.51 sq mi
- Water area0.54 sq mi
- Population per square mile of land487 plus or minus 108
- County holding the largest share of its areaFranklin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Royale
How many people live in Lake Royale
- Population3,168 plus or minus 704
- Median age47.9 plus or minus 10.3
- Population under 18386 plus or minus 167
- Share under 1812.2 percent plus or minus 4.5
- Population 65 and over894 plus or minus 230
- Share 65 and over28.2 percent
- Households1,375
- Family households981 plus or minus 248
- Share of households that are families71.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Royale
Income and work in Lake Royale
- Median household income$107,806 plus or minus $32,807
- Per capita income$47,727
- Civilian labor force1,749 plus or minus 539
- Employed1,726 plus or minus 537
- Unemployed23 plus or minus 18
- Unemployment rate1.3 percent plus or minus 0.9
- Adults 25 and over2,568
- Adults 25 and over with a high school diploma or higher92.9 percent plus or minus 25.2
- Adults 25 and over with a bachelor degree or higher22.1 percent plus or minus 5.3
- Adults 25 and over with a graduate degree10.5 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Royale
Housing in Lake Royale
- Housing units2,198
- Occupied units1,375
- Vacant units823 plus or minus 340
- Vacancy rate37.4 percent plus or minus 14.4
- Owner occupied1,300
- Renter occupied75 plus or minus 84
- Ownership rate94.5 percent
- Median owner-occupied home value$280,400
- Median gross rent, monthly$1,390
- Annual rent as a share of median income15.5 percent plus or minus 4.7
- Single family units1,567
- Share single family71.3 percent
- Units in buildings of two or more52 plus or minus 82
- Share in buildings of two or more2.4 percent plus or minus 3.7
- Mobile homes563 plus or minus 252
- Median year structure built2000
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Royale
How Lake Royale gets to work
- Workers 16 and over who commute1,625 plus or minus 525
- Commuting under 15 minutes139 plus or minus 135
- Share commuting under 15 minutes8.6 percent plus or minus 7.9
- Commuting 30 minutes or more1,201 plus or minus 385
- Share commuting 30 minutes or more73.9 percent plus or minus 33.7
- Drove alone89.0 percent
- Carpooled5.2 percent plus or minus 3.7
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home5.9 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin County, not Lake Royale
Franklin County context, not Lake Royale figures
These are Franklin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake Royale measurements.
- Establishments in Franklin County1,228
- Employment at those establishments, Franklin County12,194
- Covered employment, Franklin County13,747
- Average annual pay, Franklin County$57,174
- Average weekly wage, Franklin County$1,100
- Housing units permitted, Franklin County948
- Of those, single family, Franklin County948
- County product, 2024, Franklin County$2,883,508,000
- County product change over the prior year, Franklin County9.7 percent
- Average income of an arriving household, Franklin County$69,781
Every figure in this section is published for Franklin County as a whole and is not a measurement of Lake Royale. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No SBA approvals are recorded to a borrower address in this place in either FOIA release.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake Royale questions, answered from the record.
How many people live in Lake Royale, North Carolina?
3,168, in 1,375 households. Lake Royale CDP covers 6.51 square miles of land, which is 487 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Royale in?
Franklin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake Royale?
$107,806. The median owner-occupied home is valued at $280,400. Median gross rent is $1,390 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Lake Royale figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Franklin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake Royale.
Is zoning published for Lake Royale?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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