Highlands, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Highlands Neighborhoods Since 2000




Highlands, TX Real Estate Data


Highlands Housing Market Information

With a population of 8,426, 2,618 total housing units (homes and apartments), and a median house value of $132,685, house prices in Highlands are solidly below the national average.

Single-family detached homes are the single most common housing type in Highlands, accounting for 79.34% of the town's housing units. Other types of housing that are prevalent in Highlands include mobile homes or trailers ( 18.65%), row houses and other attached homes ( 1.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Highlands. Owner-occupied housing accounts for 72.67% of Highlands's homes, and 78.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Highlands 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 Highlands built between 1940-1969 ( 32.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.74%). There's also some housing in Highlands built before 1939 ( 6.29%).

Vacant housing appears to be an issue in Highlands. Fully 13.74% of the housing stock is classified as vacant. Left unchecked, vacant Highlands homes and apartments can be a drag on the real estate market, holding Highlands 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.

Highlands Home Appreciation Rates

In the last 10 years, Highlands has experienced some of the highest home appreciation rates of any community in the nation. Highlands real estate appreciated 41.63% over the last ten years, which is an average annual home appreciation rate of 3.54%, putting Highlands in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Highlands 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, Highlands's appreciation rate, at 4.48%, has been at or slightly above the national average. In the latest quarter, Highlands's appreciation rate has been 1.83%, which annualizes to a rate of 7.53%.

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

Average Home Values

 

Median Home Value:
$132,685

Highlands, TX HOME PRICES

Value Range
> $1,349,000 0.0
$1,012,001 - $1,349,000 0.1
$675,001 - $1,012,000 0.8
$539,001 - $675,000 0.3
$405,001 - $539,000 0.6
$270,001 - $405,000 7.7
$135,001 - $270,000 38.2
$68,001 - $135,000 37.9
$0 - $68,000 14.3

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
59.3312642735844 42.5242718446602

Number Of Homes And Apartments:
2,618

Rent & Ownership

 

Average Market Rent:
$938 / per month

Homeownership Rate

Homeownership
Owners 72.67
Renters 27.33
Vacant 13.74

Housing Market Details

 

Age of Homes

AGE OF Highlands HOMES
2000 or Newer 7.7
1970 - 1999 53.3
1940 - 1969 32.7
1939 or Older 6.3

Types of Homes

TYPE OF Highlands HOMES
Single-Family 79.3
Townhomes 1.5
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF Highlands HOMES
No Bedroom 2.08
1 Bedroom 0.96
2 Bedrooms 17.03
3 Bedrooms 61.55
4 Bedrooms 16.71
5 or more bedrooms 1.68

Highlands Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
85.39% 3.70% 8 9
* 10 is highest

Popular Neighborhoods in Highlands

Zip Codes in Highlands, TX