Highlands, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highlands, NC Real Estate Data


Highlands Housing Market Information

With 937 people, 555 houses or apartments, and a median cost of homes of $391,472, Highlands house prices are not only among the most expensive in North Carolina, Highlands real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Highlands, accounting for 84.07% of the town's housing units. Other types of housing that are prevalent in Highlands include large apartment complexes or high rise apartments ( 5.50%), duplexes, homes converted to apartments or other small apartment buildings ( 4.64%), and a few mobile homes or trailers ( 4.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highlands. Owner-occupied housing accounts for 73.61% of Highlands's homes, and 62.34% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Highlands 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 Highlands built between 1940-1969 ( 28.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.64%). There's also some housing in Highlands built before 1939 ( 7.29%).

A decent proportion of the Highlands housing stock is seasonally occupied. That is, homes and condos in Highlands are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Highlands housing market speaks to its popularity as a vacation location of choice.

Highlands Home Appreciation Rates

Real estate appreciation rates in Highlands's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Highlands's appreciation rate, at 5.61%, has been at or slightly above the national average. In the latest quarter, Highlands's appreciation rate has been 0.99%, which annualizes to a rate of 4.04%.

Notably, Highlands's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$391,472

Highlands, NC HOME PRICES

Value Range
> $1,030,000 11.9
$773,001 - $1,030,000 8.3
$515,001 - $773,000 13.1
$412,001 - $515,000 11.5
$309,001 - $412,000 14.8
$206,001 - $309,000 13.9
$103,001 - $206,000 18.9
$51,001 - $103,000 2.3
$0 - $51,000 5.2

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
10.1481524857996 3.08529945553539

Number Of Homes And Apartments:
555

Rent & Ownership

 

Average Market Rent:
$1,188 / per month

Homeownership Rate

Homeownership
Owners 73.61
Renters 26.39
Vacant 73.20

Housing Market Details

 

Age of Homes

AGE OF Highlands HOMES
2000 or Newer 15.6
1970 - 1999 48.4
1940 - 1969 28.6
1939 or Older 7.3

Types of Homes

TYPE OF Highlands HOMES
Single-Family 84.1
Townhomes 1.4
Small Apt. Buildings 4.6
Apt. Complexes 5.5
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Highlands HOMES
No Bedroom 0.87
1 Bedroom 7.29
2 Bedrooms 24.92
3 Bedrooms 44.18
4 Bedrooms 18.16
5 or more bedrooms 4.59

Highlands Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.16% 1.65% 6 3
* 10 is highest

Popular Neighborhoods in Highlands

Zip Codes in Highlands, NC