Highland, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Highland Neighborhoods Since 2000




Highland, IN 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 22,936 people, 9,441 houses or apartments, and a median cost of homes of $169,597, 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 73.44% of the town's housing units. Other types of housing that are prevalent in Highland include large apartment complexes or high rise apartments ( 14.50%), row houses and other attached homes ( 7.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.97%).

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 78.62% of Highland's homes, and 60.76% 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's housing was primarily built during this period, from the '40s through the '60s. A full 54.14% of the town's housing hails from this era. Other housing ages represented in Highland include homes built between 1970-1999 ( 33.63%) and housing constructed between 2000 and later ( 6.72%). There's also some housing in Highland built before 1939 ( 5.52%).

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 -0.07% during the period.

NeighborhoodScout's data show that during the latest twelve months, Highland's appreciation rate, at 4.77%, has been at or slightly above the national average. In the latest quarter, Highland's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Highland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Highland - 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 real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,597

Highland, IN HOME PRICES

Value Range
> $1,092,000 0.3
$819,001 - $1,092,000 0.3
$546,001 - $819,000 0.3
$437,001 - $546,000 0.7
$328,001 - $437,000 2.1
$218,001 - $328,000 11.9
$109,001 - $218,000 72.8
$55,001 - $109,000 8.1
$0 - $55,000 3.5

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
41.7848353451307 15.8371040723982

Number Of Homes And Apartments:
9,441

Highland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
22.37% 1.18% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 78.62
Renters 21.38
Vacant 4.80

Housing Market Details

 

Age of Homes

AGE OF Highland HOMES
2000 or Newer 6.7
1970 - 1999 33.6
1940 - 1969 54.1
1939 or Older 5.5

Types of Homes

TYPE OF Highland HOMES
Single-Family 73.4
Townhomes 7.3
Small Apt. Buildings 4.0
Apt. Complexes 14.5
Mobile Homes 0.7
Other 0.1

Home Size

SIZE OF Highland HOMES
No Bedroom 0.27
1 Bedroom 6.87
2 Bedrooms 29.43
3 Bedrooms 50.31
4 Bedrooms 10.46
5 or more bedrooms 2.66