Notably, Highland Park's appreciation rate in the latest quarter is one of the lowest in America. Highland Park appreciation rates in the latest quarter were at -2.84%, which equates to an annual appreciation rate of -10.88%. Based on the last twelve months, short-term real estate investors have found good fortune in Highland Park. Looking at just the latest twelve months, Highland Park appreciation rates continue to be some of the highest in America, at 10.28%, which is higher than appreciation rates in 76.54% of the cities and towns in the nation. This equates to an annual average Highland Park house appreciation rate of 6.55%.Īppreciation rates are so strong in Highland Park that despite a nationwide downturn in the housing market, Highland Park real estate has continued to appreciate in value faster than most communities. The cumulative appreciation rate over the ten years has been 88.57%, which ranks in the top 40% nationwide. Highland Park Home Appreciation RatesĪppreciation rates for homes in Highland Park have been tracking above average for the last ten years, according to NeighborhoodScout data. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. Left unchecked, vacant Highland Park homes and apartments can be a drag on the real estate market, holding Highland Park real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Fully 13.57% of the housing stock is classified as vacant. Vacant housing appears to be an issue in Highland Park. There's also some housing in Highland Park built between 2000 and later ( 19.20%). The housing in Highland Park was primarily built before 1939 ( 30.42%), making the housing stock in Highland Park some of the oldest overall in America, although there is a range of ages of homes in Highland Park. Owner-occupied housing accounts for 84.45% of Highland Park's homes, and 59.84% have either three or four bedrooms, which is average sized relative to America. 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 Park. In fact, there is a higher proportion of four, five or more bedroom homes in Highland Park than is found in 98% of the communities in America. Highland Park is a town of large, single-family homes. With a population of 8,747, 3,273 total housing units (homes and apartments), and a median house value of $1,784,500, Highland Park house prices are not only among the most expensive in Texas, Highland Park real estate also is some of the most expensive in all of America.
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