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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 14,955 people, 1,167 houses or apartments, and a median cost of homes of $213,478, Highland real estate is some of the most expensive in Michigan, although Highland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Highland, accounting for 83.88% of the town's housing units. Other types of housing that are prevalent in Highland include mobile homes or trailers ( 13.68%).
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 92.99% of Highland's homes, and 76.29% 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 ( 22.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.12%). There's also some housing in Highland built before 1939 ( 6.74%).
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 -0.43% during the period.
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 6.98%, which is higher than appreciation rates in 81.27% 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 1.86%, which equates to an annual appreciation rate of 7.66%.
Importantly, this makes Highland one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Michigan, our data show that Highland's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.
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.
|$954,001 - $1,271,000||0.0|
|$636,001 - $954,000||3.8|
|$508,001 - $636,000||3.9|
|$381,001 - $508,000||7.3|
|$254,001 - $381,000||23.0|
|$127,001 - $254,000||38.5|
|$64,001 - $127,000||11.6|
|$0 - $64,000||10.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Highland HOMES|
|2000 or Newer||10.1|
|1970 - 1999||60.3|
|1940 - 1969||22.8|
|1939 or Older||6.7|
|TYPE OF Highland HOMES|
|Small Apt. Buildings||0.9|
|SIZE OF Highland HOMES|
|5 or more bedrooms||3.15|