Highland, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Highland Neighborhoods Since 2000




Highland, IL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Highland Housing Market Information

With 9,848 people, 4,058 houses or apartments, and a median cost of homes of $148,086, 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 61.47% of the city's housing units. Other types of housing that are prevalent in Highland include large apartment complexes or high rise apartments ( 17.55%), duplexes, homes converted to apartments or other small apartment buildings ( 12.18%), and a few row houses and other attached homes ( 8.10%).

The most prevalent building size and type in Highland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.54% owning and 37.46% renting.

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 ( 24.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.00%). There's also some housing in Highland built before 1939 ( 14.97%).

Highland Home Appreciation Rates

Real estate appreciation rates in Highland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% 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 0.59%, 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 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Illinois, our data show that Highland's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$148,086

Highland, IL HOME PRICES

Value Range
> $1,018,000 0.0
$764,001 - $1,018,000 0.2
$509,001 - $764,000 0.4
$407,001 - $509,000 0.1
$306,001 - $407,000 4.9
$204,001 - $306,000 16.4
$102,001 - $204,000 62.8
$51,001 - $102,000 11.4
$0 - $51,000 3.7

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
50.8789405836165 42.5316455696203

Number Of Homes And Apartments:
4,058

Highland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
23.06% 1.21% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 62.54
Renters 37.46
Vacant 4.94

Housing Market Details

 

Age of Homes

AGE OF Highland HOMES
2000 or Newer 22.0
1970 - 1999 38.9
1940 - 1969 24.2
1939 or Older 15.0

Types of Homes

TYPE OF Highland HOMES
Single-Family 61.5
Townhomes 8.1
Small Apt. Buildings 12.2
Apt. Complexes 17.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Highland HOMES
No Bedroom 1.24
1 Bedroom 12.51
2 Bedrooms 29.89
3 Bedrooms 43.50
4 Bedrooms 7.68
5 or more bedrooms 5.18