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 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.
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.
$275,251
for Texas
for nation
2,416
$1,849 / per month