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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.



Highland, NY 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 Q4 2023. 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

Highland, NY Housing Market Trends

With 6,387 people, 2,516 houses or apartments, and a median cost of homes of $491,230, Highland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Highland, accounting for 49.41% of the town's housing units. Other types of housing that are prevalent in Highland include row houses and other attached homes ( 18.53%), large apartment complexes or high rise apartments ( 17.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.71%).

The most prevalent building size and type in Highland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.23% owning and 42.77% renting.

Highland homes and real estate are some of the newest in America. 32.52% of Highland's housing was built since 2000, making the town 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 ( 32.10%), and between 1940-1969 ( 17.71%). There's also some housing in Highland built before 1939 ( 17.67%).

Vacant housing appears to be an issue in Highland. Fully 10.17% of the housing stock is classified as vacant. Left unchecked, vacant Highland homes and apartments can be a drag on the real estate market, holding Highland 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.

Highland Home Appreciation Rates

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 95.25%, which ranks in the top 40% nationwide. This equates to an annual average Highland house appreciation rate of 6.92%.

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 1.24%, 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 0.70%, which equates to an annual appreciation rate of 2.83%.

Relative to New York, our data show that Highland's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

Median Home Value

$491,230

Highland, NY Home Prices
> $1,410,000
$1,058,001 - $1,410,000
$705,001 - $1,058,000
$564,001 - $705,000
$423,001 - $564,000
$282,001 - $423,000
$141,001 - $282,000
$71,001 - $141,000
$0 - $71,000
1.7%
1.7%
0.1%
0.1%
11.0%
11.0%
17.5%
17.5%
29.5%
29.5%
25.0%
25.0%
13.4%
13.4%
1.9%
1.9%
0.1%
0.1%
0% 100.0%
% of Homes
High

for New york

Very High

for nation

Number of Homes And Apartments:

2,516

Highland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,693 / per month

Homeownership Rate

Owners
Renters
57.2%
57.2%
42.8%
42.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.2%
10.2%
89.8%
89.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.5%
32.5%
32.1%
32.1%
17.7%
17.7%
17.7%
17.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.4%
49.4%
18.5%
18.5%
14.7%
14.7%
17.4%
17.4%
0.0%
0.0%
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
1.5%
1.5%
19.7%
19.7%
26.9%
26.9%
33.9%
33.9%
16.2%
16.2%
1.8%
1.8%
0% 100.0%
% of Homes