Highland, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Highland Neighborhoods Since 2000




Highland, NY 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 5,521 people, 2,181 houses or apartments, and a median cost of homes of $224,807, Highland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Highland, accounting for 45.78% of the town's housing units. Other types of housing that are prevalent in Highland include large apartment complexes or high rise apartments ( 24.04%), duplexes, homes converted to apartments or other small apartment buildings ( 15.91%), and a few row houses and other attached homes ( 11.98%).

The most prevalent building size and type in Highland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.36% owning and 39.64% renting.

The housing in Highland was primarily built before 1939 ( 29.95%), making the housing stock in Highland some of the oldest overall in America, although there is a range of ages of homes in Highland. The next most important housing age is between 1970-1999 ( 24.57%), followed by between 2000 and later ( 23.50%). There's also some housing in Highland built between 1940-1969 ( 21.98%).

Vacant housing appears to be an issue in Highland. Fully 16.79% of the housing stock is classified as vacant. Left unchecked, vacant Highland homes and apartments can be a drag on the real estate market, holding Highland 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 Home Appreciation Rates

Homes have actually lost value in Highland over the last then years, as home values have seen a decline of 21.56% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Highland home appreciation rates at -2.15%, which equates to an annual appreciation rate of -8.33%.

NeighborhoodScout's data show that during the latest twelve months, Highland's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Highland's appreciation rate has been -2.15%, which annualizes to a rate of -8.33%.

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

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

Average Home Values

 

Median Home Value:
$224,807

Highland, NY HOME PRICES

Value Range
> $992,000 0.0
$744,001 - $992,000 0.9
$496,001 - $744,000 1.1
$397,001 - $496,000 3.7
$298,001 - $397,000 14.9
$198,001 - $298,000 45.0
$99,001 - $198,000 30.7
$50,001 - $99,000 1.2
$0 - $50,000 2.5

High for NY
High for Nation

Value Relative to Nation Value Relative to State
26.8369858197586 39.8428731762065

Number Of Homes And Apartments:
2,181

Highland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
46.54% 2.24% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,399 / per month

Homeownership Rate

Homeownership
Owners 60.36
Renters 39.64
Vacant 16.79

Housing Market Details

 

Age of Homes

AGE OF Highland HOMES
2000 or Newer 23.5
1970 - 1999 24.6
1940 - 1969 22.0
1939 or Older 30.0

Types of Homes

TYPE OF Highland HOMES
Single-Family 45.8
Townhomes 12.0
Small Apt. Buildings 15.9
Apt. Complexes 24.0
Mobile Homes 1.7
Other 0.6

Home Size

SIZE OF Highland HOMES
No Bedroom 0.00
1 Bedroom 14.04
2 Bedrooms 32.24
3 Bedrooms 37.81
4 Bedrooms 13.62
5 or more bedrooms 2.29