Market Overview
Home Prices in Royal, IA
The median home value in Royal, IA is $109,216 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.3% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Royal are priced73% below average. Royal is part of the Spencer, IA metro area.
Over the past five years, Royal home values have risen by approximately33.3%, reflecting strong long-term appreciation in this market.
Price History
Royal Home Price Trend
2020
$73,477
$73K
—
2021
$81,930
$82K
+11.5%
2022
$87,319
$87K
+6.6%
2023
$91,327
$91K
+4.6%
2024
$98,034
$98K
+7.3%
2025
$99,055
$99K
+1.0%
2026
$109,216
$109K
+10.3%
City Comparison
Royal vs. National Median
🏠 Royal
$109,216
National Median
$410,000
At $109,216, homes in Royal cost 73% below the national median of $410,000. This makes Royal a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Royal?
20% Down Payment
$21,843
on $109,216
Monthly P&I
$570/mo
30-yr @ 6.8%
Total Monthly Est.
~$724/mo
incl. taxes & insurance
Income Needed
$28,960
gross annual (30% rule)
10% Down Option
$10,922
+ PMI applies
Loan Amount (20% dn)
$87,373
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Royal, IA?
The median home value in Royal is $109,216 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.3% year-over-year.
How much have home prices changed in Royal?
Over the past year, home values in Royal have increased by 10.3%. Over five years, prices have risen approximately 33.3%.
How much do I need to earn to buy a home in Royal?
To comfortably afford the median home price of $109,216 with a 20% down payment ($21,843) at today's rates (6.8%), you'd need a gross annual income of approximately $28,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Royal compare to the national average home price?
The national median home value is approximately $410,000. At $109,216, homes in Royal are 73% below the national average.
What metro area is Royal part of?
Royal is part of the Spencer, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.