Highland Park, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Highland Park Neighborhoods Since 2000




Highland Park, TX 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 Park Housing Market Information

With a population of 9,189, 3,497 total housing units (homes and apartments), and a median house value of $1,695,326, Highland Park house prices are not only among the most expensive in Texas, Highland Park real estate also is some of the most expensive in all of America.

Highland Park is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Highland Park than is found in 98% of the communities in America.

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 Park. Owner-occupied housing accounts for 83.39% of Highland Park's homes, and 58.66% have either three or four bedrooms, which is average sized relative to America.

The housing in Highland Park was primarily built before 1939 ( 36.87%), making the housing stock in Highland Park some of the oldest overall in America, although there is a range of ages of homes in Highland Park. The next most important housing age is between 1940-1969 ( 26.32%), followed by between 1970-1999 ( 25.98%). There's also some housing in Highland Park built between 2000 and later ( 10.83%).

Highland Park Home Appreciation Rates

In the last 10 years, Highland Park has experienced some of the highest home appreciation rates of any community in the nation. Highland Park real estate appreciated 44.35% over the last ten years, which is an average annual home appreciation rate of 3.74%, putting Highland Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Highland Park definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Highland Park's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Highland Park's appreciation rate has been 2.35%, which annualizes to a rate of 9.75%.

Importantly, this makes Highland Park 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 Texas, our data show that Highland Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$1,695,326

Highland Park, TX HOME PRICES

Value Range
> $1,286,000 61.7
$964,001 - $1,286,000 17.5
$643,001 - $964,000 12.9
$515,001 - $643,000 2.1
$386,001 - $515,000 3.2
$257,001 - $386,000 1.5
$129,001 - $257,000 0.7
$64,001 - $129,000 0.2
$0 - $64,000 0.2

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
0.281260986757295 0.194552529182879

Number Of Homes And Apartments:
3,497

Highland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
121.09% 4.71% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,458 / per month

Homeownership Rate

Homeownership
Owners 83.39
Renters 16.61
Vacant 8.50

Housing Market Details

 

Age of Homes

AGE OF Highland Park HOMES
2000 or Newer 10.8
1970 - 1999 26.0
1940 - 1969 26.3
1939 or Older 36.9

Types of Homes

TYPE OF Highland Park HOMES
Single-Family 77.4
Townhomes 4.1
Small Apt. Buildings 2.7
Apt. Complexes 15.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Highland Park HOMES
No Bedroom 0.63
1 Bedroom 7.27
2 Bedrooms 15.96
3 Bedrooms 24.91
4 Bedrooms 33.75
5 or more bedrooms 17.48