Highland Park, IL is an affluent suburb of Chicago, and as such it is no surprise that its housing values tend to be much higher than the national median value. According to recent data, the median value of a house in Highland Park stands at an impressive $613,300; more than double that of the US median value of $338,100. Furthermore, over the last year house appreciation in Highland Park has risen even further, with a rate of 8.83%, which exceeds the US 1 year House Appreciation rate of 8.27%. Clearly this indicates that Highland Park remains an attractive market for those looking to invest in real estate - or simply hoping to find a beautiful and luxurious home in the suburbs.
The median home cost in Highland Park is $613,300. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Highland Park is up 14.5%.
Average Age of Homes
- The median age of Highland Park real estate is 52 years old
The Rental Market in Highland Park
- Renters make up 17.2% of the Highland Park population
- 0.7% of houses and apartments in Highland Park, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.