Highland appreciation rates and housing market information

Highland housing market information

With 8,372 people, 3,590 houses or apartments, and a median cost of homes of $158,240, Highland real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Highland, accounting for 66.55% of the city's housing units. Other types of housing that are prevalent in Highland include large apartment complexes or high rise apartments (15.01%), duplexes, homes converted to apartments, or other small apartment buildings (14.40%), mobile homes or trailers (2.17%), and a few row houses and other attached homes (1.62%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Highland. Owner-occupied housing accounts for 65.60% of Highland's homes, and 52.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Highland built from 1970-1994, 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 from 1940-1969 (31.25%). A lesser amount of the housing stock also hails from 1939 and earlier (20.11%), and some were built from 1995 and later (20.11%).

Highland home appreciation rates

Real estate appreciation rates in Highland have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.55% during the period.

Over the last year, Highland appreciation rates have trailed the rest of the nation. In the last twelve months, Highland's appreciation rate has been -0.51%, 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 were at 0.12%, which equates to an annual appreciation rate of 0.48%.

Relative to Illinois, our data show that Highland's latest annual appreciation rate is higher than 37% of the other cities and towns in Illinois.