Highland Lake, NJ


Highest Appreciating Highland Lake Neighborhoods Since 2000

Highland Lake, NJ 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 Lake Housing Market Information

With 4,933 people, 1,863 houses or apartments, and a median cost of homes of $216,070, Highland Lake real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Highland Lake homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Highland Lake, accounting for 94.86% of the town's housing units. Other types of housing that are prevalent in Highland Lake include large apartment complexes or high rise apartments ( 2.65%), duplexes, homes converted to apartments or other small apartment buildings ( 1.70%).

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 Lake. Owner-occupied housing accounts for 86.79% of Highland Lake's homes, and 50.46% 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 Lake's housing was primarily built during this period, from the '40s through the '60s. A full 63.02% of the town's housing hails from this era. Other housing ages represented in Highland Lake include homes built between 1970-1999 ( 17.91%) and housing constructed before 1939 ( 12.27%). There's also some housing in Highland Lake built between 2000 and later ( 6.80%).

Vacant housing appears to be an issue in Highland Lake. Fully 22.76% of the housing stock is classified as vacant. Left unchecked, vacant Highland Lake homes and apartments can be a drag on the real estate market, holding Highland Lake real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Highland Lake Home Appreciation Rates

Homes have actually lost value in Highland Lake over the last then years, as home values have seen a decline of 27.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Highland Lake home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Highland Lake's appreciation rate, at 3.82%, has been at or slightly above the national average. In the latest quarter, Highland Lake's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New Jersey, our data show that Highland Lake's latest annual appreciation rate is higher than 60% of the other cities and towns in New Jersey.

Average Home Values


Median Home Value:

Highland Lake, NJ HOME PRICES

Value Range
> $1,013,000 0.4
$759,001 - $1,013,000 0.0
$506,001 - $759,000 1.5
$405,001 - $506,000 4.2
$304,001 - $405,000 11.8
$203,001 - $304,000 43.8
$101,001 - $203,000 35.1
$51,001 - $101,000 1.4
$0 - $51,000 1.9

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
28.4893941169577 82.520325203252

Number Of Homes And Apartments:

Highland Lake Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
36.64% 1.83% 2 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,676 / per month

Homeownership Rate

Owners 86.79
Renters 13.21
Vacant 22.76

Housing Market Details


Age of Homes

AGE OF Highland Lake HOMES
2000 or Newer 6.8
1970 - 1999 17.9
1940 - 1969 63.0
1939 or Older 12.3

Types of Homes

TYPE OF Highland Lake HOMES
Single-Family 94.9
Townhomes 0.8
Small Apt. Buildings 1.7
Apt. Complexes 2.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Highland Lake HOMES
No Bedroom 0.66
1 Bedroom 3.86
2 Bedrooms 44.32
3 Bedrooms 40.34
4 Bedrooms 10.12
5 or more bedrooms 0.70

Popular Neighborhoods in Highland Lake

Zip Codes in Highland Lake, NJ