Bill Hill
Royalton Real Estate
Bill Hill provides clear guidance for buyers and sellers in the Royalton, Minnesota market. He focuses on the facts of the property so clients can make informed decisions without the typical sales pressure.
Royalton offers a distinct housing landscape where single-family detached homes make up 62% (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates) of the inventory. The market includes a mix of established builds and newer options, with a median year built of 1987 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates).
Bill Hill treats every transaction with a direct, no-nonsense approach. He believes houses sell themselves and views his role as a guide through the logistics of the process. Whether looking at new construction or existing property, he identifies if a home is a fit early on to avoid wasted time.
Navigating the current environment requires looking at long-term trends. In Morrison County, home prices saw a 5-year change of +53.3% (Federal Housing Finance Agency House Price Index, 2020 to 2025). Bill helps clients analyze these figures to understand the trajectory of the Royalton real estate market.
By the numbers
Royalton, MN at a glance
| Population2020–2024 ACS 5-year estimates | 1,211 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 534 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $215,300 |
| Median monthly rent2020–2024 ACS 5-year estimates | $600 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $2,193 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 67% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 62% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1987 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 60% |
| Home price change, 1 year (Morrison County)2024 to 2025 | +2.4% |
| Home price change, 5 years (Morrison County)2020 to 2025 | +53.3% |
| Average 30-year fixed mortgage rate (U.S.)week of 2026-09-24 | 7.03% |
| Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-18 | 6.26% |
Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.
FAQ
Frequently asked questions
What is the median home value in Royalton, MN?↓
The median home value for owner-occupied units is $215,300 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This figure reflects the local housing stock in Royalton, which is predominantly comprised of single-family homes.
Is Royalton a good place to look for rental properties?↓
For those currently looking to rent, the median monthly rent in Royalton is $600 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Bill Hill often assists individuals transitioning from renting to owning their first property in the area.
What are the property taxes like in Royalton?↓
Property owners in Royalton pay a median annual property tax of $2,193 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Understanding these fixed costs is a key part of Bill Hill's clear guidance process for every buyer.
What is the commute like for residents in Royalton?↓
Royalton is positioned for accessibility, with commutes under 30 minutes at 60% (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). This makes it a practical location for those working in the surrounding Minnesota regions.
How much have home prices increased in the Royalton area recently?↓
In Morrison County, home prices saw a 1-year change of +2.4% (Federal Housing Finance Agency House Price Index, 2024 to 2025). This follows a significant 5-year growth period of +53.3% (Federal Housing Finance Agency House Price Index, 2020 to 2025).
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