Highland, UT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Highland, UT 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Highland Housing Market Information

With a population of 18,957, 4,206 total housing units (homes and apartments), and a median house value of $658,959, Highland house prices are not only among the most expensive in Utah, Highland real estate also is some of the most expensive in all of America.

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

The large homes that make up Highland are primarily owner-occupied ( 89.02%).

Highland homes and real estate are some of the newest in America. 58.36% of Highland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Highland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.54%), and between 1940-1969 ( 2.04%). There's also some housing in Highland built before 1939 ( 1.06%).

Highland Home Appreciation Rates

In the last 10 years, Highland has experienced some of the highest home appreciation rates of any community in the nation. Highland real estate appreciated 32.95% over the last ten years, which is an average annual home appreciation rate of 2.89%, putting Highland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Highland 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 that despite a nationwide downturn in the housing market, Highland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Highland appreciation rates continue to be some of the highest in America, at 9.00%, which is higher than appreciation rates in 87.48% 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. Highland appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.80%.

Importantly, this makes Highland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$658,959

Highland, UT HOME PRICES

Value Range
> $1,294,000 4.8
$971,001 - $1,294,000 8.2
$647,001 - $971,000 36.6
$518,001 - $647,000 19.5
$388,001 - $518,000 18.4
$259,001 - $388,000 9.2
$130,001 - $259,000 1.7
$65,001 - $130,000 0.0
$0 - $65,000 1.7

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
3.75766423357664 2.3489932885906

Number Of Homes And Apartments:
4,206

Highland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
UT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
90.70% 3.41%
7
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,906 / per month

Homeownership Rate

Homeownership
Owners 89.02
Renters 10.98
Vacant 2.64

Housing Market Details

 

Age of Homes

AGE OF Highland HOMES
2000 or Newer 58.4
1970 - 1999 38.5
1940 - 1969 2.0
1939 or Older 1.1

Types of Homes

TYPE OF Highland HOMES
Single-Family 95.5
Townhomes 3.4
Small Apt. Buildings 0.5
Apt. Complexes 0.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Highland HOMES
No Bedroom 0.16
1 Bedroom 0.69
2 Bedrooms 1.60
3 Bedrooms 12.25
4 Bedrooms 20.42
5 or more bedrooms 64.88