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 10,009 people, 4,766 houses or apartments, and a median cost of homes of $209,063, house prices in Highland are solidly below the national average.
Single-family detached homes are the single most common housing type in Highland, accounting for 67.31% of the city's housing units. Other types of housing that are prevalent in Highland include duplexes, homes converted to apartments or other small apartment buildings ( 14.41%), large apartment complexes or high rise apartments ( 12.96%), and a few row houses and other attached homes ( 4.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highland. Owner-occupied housing accounts for 67.69% of Highland's homes, and 57.27% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Highland 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 Highland built between 1940-1969 ( 25.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.40%). There's also some housing in Highland built before 1939 ( 14.41%).
Highland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Highland during the period has been just 4.47%, which is lower than 80% of US communities.
Appreciation rates are so strong in Highland that despite a nationwide downturn in the housing market, Highland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland appreciation rates continue to be some of the highest in America, at 13.49%, which is higher than appreciation rates in 81.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Highland. Highland appreciation rates in the latest quarter were at 3.62%, which equates to an annual appreciation rate of 15.28%.
Relative to Illinois, our data show that Highland's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.
$209,063
for Illinois
for nation
4,766
$1,023 / per month