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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Highland Park Housing Market Information

With 9,083 people, 3,623 houses or apartments, and a median cost of homes of $1,804,798, 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.

Single-family detached homes are the single most common housing type in Highland Park, accounting for 78.57% of the town's housing units. Other types of housing that are prevalent in Highland Park include large apartment complexes or high rise apartments ( 13.63%), row houses and other attached homes ( 5.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.76%).

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 83.05% of Highland Park's homes, and 58.45% have either three or four bedrooms, which is average sized relative to America.

The housing in Highland Park was primarily built before 1939 ( 34.74%), 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 1970-1999 ( 27.87%), followed by between 1940-1969 ( 24.93%). There's also some housing in Highland Park built between 2000 and later ( 12.45%).

Vacant housing appears to be an issue in Highland Park. Fully 11.35% of the housing stock is classified as vacant. Left unchecked, vacant Highland Park homes and apartments can be a drag on the real estate market, holding Highland Park 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 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 52.99% over the last ten years, which is an average annual home appreciation rate of 4.34%, putting Highland Park in the top 20% 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.

Appreciation rates are so strong in Highland Park that despite a nationwide downturn in the housing market, Highland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland Park appreciation rates continue to be some of the highest in America, at 5.02%, which is higher than appreciation rates in 71.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Highland Park. Highland Park appreciation rates in the latest quarter were at 1.24%, which equates to an annual appreciation rate of 5.04%.

Relative to Texas, our data show that Highland Park's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 
info

Median Home Value:
$1,804,798

Highland Park, TX HOME PRICES

> $1,138,000
67.3%
67.3%
$853,001 - $1,138,000
13.1%
13.1%
$569,001 - $853,000
9.7%
9.7%
$455,001 - $569,000
1.4%
1.4%
$341,001 - $455,000
3.4%
3.4%
$227,001 - $341,000
1.7%
1.7%
$114,001 - $227,000
2.4%
2.4%
$57,001 - $114,000
0.4%
0.4%
$0 - $57,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
3,623

Highland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
134.90% 4.20%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$4,492 / per month

Homeownership Rate

Owners
83.1%
83.1%
Renters
16.9%
16.9%
Vacant
11.4%
11.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
12.5%
12.5%
1970 - 1999
27.9%
27.9%
1940 - 1969
24.9%
24.9%
1939 or Older
34.7%
34.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.6%
78.6%
Townhomes
5.0%
5.0%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
13.6%
13.6%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
6.2%
6.2%
2 Bedrooms
14.9%
14.9%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
29.2%
29.2%
5 or more bedrooms
19.8%
19.8%
0.0% 100.0%
% OF HOMES