Highland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Highland Neighborhoods Since 2000




Highland, MI 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 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%).

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 -0.43% 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.

Average Home Values

 

Median Home Value:
$213,478

Highland, MI HOME PRICES

Value Range
> $1,271,000 1.3
$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

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
29.0929333177077 13.3012820512821

Number Of Homes And Apartments:
1,167

Highland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
6.14% 0.35% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,281 / per month

Homeownership Rate

Homeownership
Owners 92.99
Renters 7.01
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Highland HOMES
2000 or Newer 10.1
1970 - 1999 60.3
1940 - 1969 22.8
1939 or Older 6.7

Types of Homes

TYPE OF Highland HOMES
Single-Family 83.9
Townhomes 1.0
Small Apt. Buildings 0.9
Apt. Complexes 0.6
Mobile Homes 13.7
Other 0.0

Home Size

SIZE OF Highland HOMES
No Bedroom 0.09
1 Bedroom 1.43
2 Bedrooms 19.05
3 Bedrooms 54.26
4 Bedrooms 22.02
5 or more bedrooms 3.15