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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Highland, IL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Highland, IL Housing Market Trends

With a population of 10,009, 4,766 total housing units (homes and apartments), and a median house value of $197,405, house prices in Highland are solidly below the national average.

Single-family detached homes are the single most common housing type in Highland, accounting for 67.31% of the city's housing units. Other types of housing that are prevalent in Highland include duplexes, homes converted to apartments or other small apartment buildings ( 14.41%), large apartment complexes or high rise apartments ( 12.96%), and a few row houses and other attached homes ( 4.78%).

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. Owner-occupied housing accounts for 67.69% of Highland's homes, and 57.27% have either three or four bedrooms, which is average sized relative to America.

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 ( 25.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.40%). There's also some housing in Highland built before 1939 ( 14.41%).

Highland Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Highland, where house values have increased just 46.37%, which is annualized rate of 3.88%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Highland that despite a nationwide downturn in the housing market, Highland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 70.14% 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. Highland appreciation rates in the latest quarter were at -0.41%, which equates to an annual appreciation rate of -1.64%.

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

Average Home Values

Median Home Value

$197,405

Highland, IL Home Prices
> $1,212,000
$909,001 - $1,212,000
$606,001 - $909,000
$484,001 - $606,000
$363,001 - $484,000
$242,001 - $363,000
$121,001 - $242,000
$60,001 - $121,000
$0 - $60,000
0.0%
0.0%
1.0%
1.0%
0.7%
0.7%
2.4%
2.4%
7.5%
7.5%
30.6%
30.6%
48.6%
48.6%
7.5%
7.5%
1.7%
1.7%
0% 100.0%
% of Homes
Average

for Illinois

Low

for nation

Number of Homes And Apartments:

4,766

Highland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,019 / per month

Homeownership Rate

Owners
Renters
67.7%
67.7%
32.3%
32.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.7%
2.7%
97.3%
97.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.4%
24.4%
35.4%
35.4%
25.8%
25.8%
14.4%
14.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
4.8%
4.8%
14.4%
14.4%
13.0%
13.0%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
10.4%
10.4%
28.1%
28.1%
42.3%
42.3%
15.0%
15.0%
2.7%
2.7%
0% 100.0%
% of Homes