Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 804, 315 total housing units (homes and apartments), and a median house value of $645,805, real estate costs in Roy are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Roy, accounting for 76.23% of the city's housing units. Other types of housing that are prevalent in Roy include mobile homes or trailers ( 15.36%), duplexes, homes converted to apartments or other small apartment buildings ( 8.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Roy. Owner-occupied housing accounts for 78.41% of Roy's homes, and 74.20% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Roy built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Roy built between 2000 and later ( 15.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.14%). There's also some housing in Roy built before 1939 ( 8.70%).
In the last 10 years, Roy has experienced some of the highest home appreciation rates of any community in the nation. Roy real estate appreciated 152.08% over the last ten years, which is an average annual home appreciation rate of 9.69%, putting Roy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Roy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Roy that despite a nationwide downturn in the housing market, Roy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roy appreciation rates continue to be some of the highest in America, at 13.76%, which is higher than appreciation rates in 82.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roy. Roy appreciation rates in the latest quarter were at 1.45%, which equates to an annual appreciation rate of 5.93%.
Relative to Washington, our data show that Roy's latest annual appreciation rate is higher than 80% of the other cities and towns in Washington.
$645,805
for Washington
for nation
315
$3,385 / per month