Highland Park appreciation rates and housing market information

Highland Park housing market information

With 8,827 people, 3,751 houses or apartments, and a median cost of homes of $1,057,908, Highland Park house prices are not only among the most expensive in Texas, Highland Park real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Highland Park, accounting for 76.35% of the town's housing units. Other types of housing that are prevalent in Highland Park include large apartment complexes or high rise apartments (14.85%), duplexes, homes converted to apartments, or other small apartment buildings (4.61%), and a few row houses and other attached homes (3.71%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Highland Park. Owner-occupied housing accounts for 76.06% of Highland Park's homes, and 59.51% have either three or four bedrooms, which is average sized relative to America.

The housing in Highland Park was primarily built before 1939 (43.91%), making the housing stock in Highland Park some of the older overall in America, although there is a range of ages of homes in Highland Park. The next most important Highland Park housing age is 1940-1969 (31.35%), followed by 1970-1994 (19.17%). There's also some housing in Highland Park built between 1995 and later (5.57%).

Highland Park home appreciation rates

Highland Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Highland Park during the period has been just 5.71%, which is lower than % of US communities.

Appreciation rates are so strong in Highland Park that despite a nationwide downturn in the housing market, Highland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland Park appreciation rates continue to be some of the highest in America, at 3.30%, which is higher than appreciation rates in 78% 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 Park. Highland Park appreciation rates in the latest quarter were at 0.93%, which equates to an annual appreciation rate of 3.72%.

Relative to Texas, our data show that Highland Park's latest annual appreciation rate is higher than 47% of the other cities and towns in Texas.