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 11,531 people, 3,517 houses or apartments, and a median cost of homes of $538,988, Highland Mills real estate prices are well above average cost compared to national prices.
Highland Mills is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Highland Mills than is found in 98% of the communities in America.
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 Mills. Owner-occupied housing accounts for 92.31% of Highland Mills's homes, and 71.90% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Highland Mills 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 Mills built between 1940-1969 ( 22.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.23%). There's also some housing in Highland Mills built before 1939 ( 11.27%).
Vacant housing appears to be an issue in Highland Mills. Fully 11.40% of the housing stock is classified as vacant. Left unchecked, vacant Highland Mills homes and apartments can be a drag on the real estate market, holding Highland Mills real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Highland Mills have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.55%, which ranks in the top 50% nationwide. This equates to an annual average Highland Mills house appreciation rate of 6.72%.
Over the last year, Highland Mills appreciation rates have trailed the rest of the nation. In the last twelve months, Highland Mills's appreciation rate has been 5.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highland Mills were at 0.58%, which equates to an annual appreciation rate of 2.34%.
Notably, Highland Mills's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Highland Mills's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$538,988
for New york
for nation
3,517
$3,195 / per month