Highlands, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highlands, NC 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

Highlands Housing Market Information

With a population of 937, 580 total housing units (homes and apartments), and a median house value of $517,694, 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 84.85% of the town's housing units. Other types of housing that are prevalent in Highlands include large apartment complexes or high rise apartments ( 5.63%), duplexes, homes converted to apartments or other small apartment buildings ( 4.92%), and a few mobile homes or trailers ( 3.55%).

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 69.83% of Highlands's homes, and 64.20% 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 ( 26.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.29%). There's also some housing in Highlands built before 1939 ( 7.53%).

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

Highlands's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Highlands during the period has been just -1.20%, which is lower than 70% of US communities.

Over the last year, Highlands appreciation rates have trailed the rest of the nation. In the last twelve months, Highlands's appreciation rate has been -0.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highlands were at -0.54%, which equates to an annual appreciation rate of -2.13%.

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 lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$517,694

Highlands, NC HOME PRICES

Value Range
> $1,016,000 12.4
$762,001 - $1,016,000 10.1
$508,001 - $762,000 19.1
$406,001 - $508,000 10.5
$305,001 - $406,000 13.9
$203,001 - $305,000 11.2
$102,001 - $203,000 15.9
$51,001 - $102,000 4.4
$0 - $51,000 2.4

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
5.4728700339857 1.08892921960073

Number Of Homes And Apartments:
580

Highlands Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
27.28% 1.41% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,181 / per month

Homeownership Rate

Homeownership
Owners 69.83
Renters 30.17
Vacant 72.54

Housing Market Details

 

Age of Homes

AGE OF Highlands HOMES
2000 or Newer 16.3
1970 - 1999 49.7
1940 - 1969 26.5
1939 or Older 7.5

Types of Homes

TYPE OF Highlands HOMES
Single-Family 84.8
Townhomes 1.0
Small Apt. Buildings 4.9
Apt. Complexes 5.6
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Highlands HOMES
No Bedroom 0.38
1 Bedroom 7.15
2 Bedrooms 23.25
3 Bedrooms 46.45
4 Bedrooms 17.76
5 or more bedrooms 5.02

Popular Neighborhoods in Highlands

Zip Codes in Highlands, NC