Lake Royale

Population: 2,959
Median household income: $96,250
Median home value: $263,000

Lake Royale, a community in Franklin County, North Carolina, has 2,959 residents. At $96,250, its median household income sits above Franklin County's $71,386.

Between 2019 and 2023, Lake Royale's population declined 15.1% from 3,485 to 2,959, while its median home value rose 25.4% from $209,800 to $263,000.

The largest age group is 35 to 44, 19.1% of residents. White (non-Hispanic) residents are the largest group, 93.7% of the population.

Demographics

ACS 2019–2023

Population: 2,959
Median age: 45.2 yrs
Median household income: $96,250
Median home value: $263,000
Median gross rent: $1,144
Housing units: 2,099
Homeownership rate: 92.6%
Bachelor's degree or higher: 21.1%
Unemployment rate: 1.7%

Trends

ACS 5-year · 2019–2023

Population

3,4852,959

Median household income

$57,750$96,250

Median home value

$209,800$263,000

Median gross rent

$1,129$1,144

Year	Population	Median household income	Median home value	Median gross rent
2019	3,485	$57,750	$209,800	$1,129
2020	3,228	$56,625	$190,000	$1,120
2021	3,199	$92,917	$220,500	$1,144
2022	3,358	$100,239	$231,500	$1,232
2023	2,959	$96,250	$263,000	$1,144

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 51.3%

5 to 1715.0%

18 to 248.1%

25 to 346.4%

35 to 4419.1%

45 to 5415.1%

55 to 648.2%

65 to 7411.6%

75 and over15.1%

	Count	Share
Under 5	39	1.3%
5 to 17	443	15.0%
18 to 24	241	8.1%
25 to 34	190	6.4%
35 to 44	565	19.1%
45 to 54	448	15.1%
55 to 64	244	8.2%
65 to 74	342	11.6%
75 and over	447	15.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,774	93.7%
Black or African American	23	0.8%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	32	1.1%
Hispanic or Latino (any race)	130	4.4%

Educational attainment (age 25+)

No high school diploma4.7%

High school graduate35.5%

Some college or associate's38.8%

Bachelor's degree14.1%

Graduate or professional degree6.9%

	Count	Share
No high school diploma	104	4.7%
High school graduate	793	35.5%
Some college or associate's	868	38.8%
Bachelor's degree	316	14.1%
Graduate or professional degree	155	6.9%

Commute to work

Mean travel time to work: 35 min

Drove alone93.6%

Carpooled4.3%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home2.1%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	1,427	93.6%
Carpooled	66	4.3%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	32	2.1%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	131	8.8%
15 to 29 min	462	30.9%
30 to 44 min	253	16.9%
45 to 59 min	416	27.9%
60+ min	231	15.5%

Households

Average household size: 2.27
Poverty rate: 6.6% (195 of 2,959)

	Count	Share
Family households	916	70.2%
Nonfamily households	388	29.8%

Housing

Median year structure built: 1998

Occupancy

	Count	Share
Occupied	1,304	62.1%
Vacant	795	37.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,207	92.6%
Renter-occupied	97	7.4%

1-unit, detached73.5%

1-unit, attached0.0%

2 to 4 units3.2%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other23.3%

Units in structure

	Count	Share
1-unit, detached	1,543	73.5%
1-unit, attached	0	0.0%
2 to 4 units	67	3.2%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	489	23.3%

Geography

Place GEOID: 3736513
Type (LSAD): 57
Land area: 6.51 sq mi
Water area: 0.54 sq mi
Center point: 35.9649, -78.1922