Highland Village, TX Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Highland Village, TX Housing Market Trends

With 16,668 people, 5,416 houses or apartments, and a median cost of homes of $391,711, Highland Village real estate is some of the most expensive in Texas, although Highland Village home values aren't among America's most expensive.

Highland Village is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Highland Village 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 Village. Owner-occupied housing accounts for 92.94% of Highland Village's homes, and 79.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Highland Village 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 Highland Village built between 2000 and later ( 28.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.08%).

Highland Village Home Appreciation Rates

In the last 10 years, Highland Village has experienced some of the highest home appreciation rates of any community in the nation. Highland Village real estate appreciated 80.68% over the last ten years, which is an average annual home appreciation rate of 6.09%, putting Highland Village in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Highland Village definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Highland Village appreciation rates have trailed the rest of the nation. In the last twelve months, Highland Village's appreciation rate has been 7.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highland Village were at 2.77%, which equates to an annual appreciation rate of 11.54%.

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

Average Home Values

 

Median Home Value:
$391,711

Highland Village, TX HOME PRICES

> $1,233,000
2.8%
2.8%
$925,001 - $1,233,000
4.9%
4.9%
$617,001 - $925,000
11.7%
11.7%
$493,001 - $617,000
20.3%
20.3%
$370,001 - $493,000
33.3%
33.3%
$247,001 - $370,000
21.3%
21.3%
$123,001 - $247,000
4.4%
4.4%
$61,001 - $123,000
0.5%
0.5%
$0 - $61,000
0.9%
0.9%
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:
5,416

Highland Village Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
114.51% 3.61%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,799 / per month

Homeownership Rate

Owners
92.9%
92.9%
Renters
7.1%
7.1%
Vacant
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.3%
28.3%
1970 - 1999
67.5%
67.5%
1940 - 1969
4.1%
4.1%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.7%
94.7%
Townhomes
0.5%
0.5%
Small Apt. Buildings
0.5%
0.5%
Apt. Complexes
4.3%
4.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
1.2%
1.2%
2 Bedrooms
3.2%
3.2%
3 Bedrooms
26.9%
26.9%
4 Bedrooms
52.2%
52.2%
5 or more bedrooms
14.9%
14.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Highland Village

Zip Codes in Highland Village, TX