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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Highlands, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Highlands, TX Housing Market Trends

With a population of 8,612, 2,416 total housing units (homes and apartments), and a median house value of $275,251, Highlands real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Highlands, accounting for 76.77% of the town's housing units. Other types of housing that are prevalent in Highlands include mobile homes or trailers ( 21.87%).

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 76.65% of Highlands's homes, and 85.49% 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 ( 36.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.66%). There's also some housing in Highlands built before 1939 ( 1.43%).

Vacant housing appears to be an issue in Highlands. Fully 13.65% 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

Appreciation rates for homes in Highlands have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.83%, which ranks in the top 40% nationwide. This equates to an annual average Highlands house appreciation rate of 7.33%.

Over the last year, Highlands appreciation rates have trailed the rest of the nation. In the last twelve months, Highlands's appreciation rate has been 2.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highlands were at 1.69%, which equates to an annual appreciation rate of 6.92%.

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

Average Home Values

Median Home Value

$275,251

Highlands, TX Home Prices
> $1,413,000
$1,060,001 - $1,413,000
$706,001 - $1,060,000
$565,001 - $706,000
$424,001 - $565,000
$282,001 - $424,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
0.2%
0.2%
0.0%
0.0%
0.7%
0.7%
0.7%
0.7%
6.3%
6.3%
40.2%
40.2%
36.4%
36.4%
7.5%
7.5%
8.0%
8.0%
0% 100.0%
% of Homes
High

for Texas

Average

for nation

Number of Homes And Apartments:

2,416

Highlands Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,849 / per month

Homeownership Rate

Owners
Renters
76.7%
76.7%
23.3%
23.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.7%
13.7%
86.3%
86.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.7%
18.7%
43.2%
43.2%
36.7%
36.7%
1.4%
1.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.8%
76.8%
0.0%
0.0%
0.9%
0.9%
0.5%
0.5%
21.9%
21.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.3%
1.3%
11.9%
11.9%
68.0%
68.0%
17.5%
17.5%
1.3%
1.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Highlands

Zip Codes in Highlands, TX