Highland Park, IL


Highest Appreciating Highland Park Neighborhoods Since 2000

Highland Park, IL Real Estate Data

Highland Park Housing Market Information

With 29,743 people, 11,549 houses or apartments, and a median cost of homes of $636,894, Highland Park house prices are not only among the most expensive in Illinois, 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 74.23% of the city's housing units. Other types of housing that are prevalent in Highland Park include large apartment complexes or high rise apartments ( 15.70%), row houses and other attached homes ( 6.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.89%).

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 Park. Owner-occupied housing accounts for 81.00% of Highland Park's homes, and 63.48% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Highland Park's housing was primarily built during this period, from the '40s through the '60s. A full 41.88% of the city's housing hails from this era. Other housing ages represented in Highland Park include homes built between 1970-1999 ( 27.57%) and housing constructed before 1939 ( 19.05%). There's also some housing in Highland Park built between 2000 and later ( 11.49%).

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 -1.08%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Highland Park's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Highland Park's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Illinois, our data show that Highland Park's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Highland Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Highland Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Highland Park real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Highland Park, IL HOME PRICES

Value Range
> $1,169,000 13.1
$877,001 - $1,169,000 12.4
$585,001 - $877,000 25.5
$468,001 - $585,000 17.1
$351,001 - $468,000 15.2
$234,001 - $351,000 9.7
$117,001 - $234,000 5.2
$58,001 - $117,000 0.7
$0 - $58,000 1.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
3.5193535164256 1.89873417721519

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,958 / per month

Homeownership Rate

Owners 81.00
Renters 19.00
Vacant 6.42

Housing Market Details


Age of Homes

AGE OF Highland Park HOMES
2000 or Newer 11.5
1970 - 1999 27.6
1940 - 1969 41.9
1939 or Older 19.1

Types of Homes

TYPE OF Highland Park HOMES
Single-Family 74.2
Townhomes 6.1
Small Apt. Buildings 3.9
Apt. Complexes 15.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Highland Park HOMES
No Bedroom 1.05
1 Bedroom 4.90
2 Bedrooms 17.62
3 Bedrooms 32.69
4 Bedrooms 30.79
5 or more bedrooms 12.95

Highland Park Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
36.43% 1.84% 7 4
* 10 is highest