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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 19,049 people, 7,212 houses or apartments, and a median cost of homes of $392,053, Highland real estate is some of the most expensive in Michigan, although Highland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Highland, accounting for 83.32% of the township's housing units. Other types of housing that are prevalent in Highland include mobile homes or trailers ( 10.31%), large apartment complexes or high rise apartments ( 2.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.03%).
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. Owner-occupied housing accounts for 90.86% of Highland's homes, and 75.24% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Highland 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 built between 1940-1969 ( 21.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.60%). There's also some housing in Highland built before 1939 ( 7.20%).
Appreciation rates for homes in Highland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.95%, which ranks in the top 50% nationwide. This equates to an annual average Highland house appreciation rate of 6.57%.
Over the last year, Highland appreciation rates have trailed the rest of the nation. In the last twelve months, Highland's appreciation rate has been 4.59%, 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 were at 1.70%, which equates to an annual appreciation rate of 6.96%.
Relative to Michigan, our data show that Highland's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the township. Individual neighborhoods within Highland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Highland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Highland real estate investment or home purchase decisions.
$392,053
for Michigan
for nation
7,212
$2,063 / per month