Houses in highland park il7/14/2023 ![]() ![]() ![]() Individual neighborhoods within Highland Park differ in their investment potential, sometimes by a great deal. One very important thing to keep in mind is that these are average appreciation rates for the city. Relative to Illinois, our data show that Highland Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Highland Park were at -0.56%, which equates to an annual appreciation rate of -2.21%. In the last twelve months, Highland Park's appreciation rate has been 8.06%, which is lower than appreciation rates in most communities in America. Over the last year, Highland Park appreciation rates have trailed the rest of the nation. This rate is lower than the appreciation rate found in 90% of the cities and towns in America. Some of the lowest real estate appreciation rates in America over the last ten years have been in Highland Park, where house values have increased just 37.56%, which is annualized rate of 3.24%. There's also some housing in Highland Park built between 2000 and later ( 11.87%). Other housing ages represented in Highland Park include homes built between 1970-1999 ( 28.16%) and housing constructed before 1939 ( 26.49%). A full 33.47% of the city's housing hails from this era. Highland Park's housing was primarily built during this period, from the '40s through the '60s. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Owner-occupied housing accounts for 82.78% of Highland Park's homes, and 64.15% have either three or four bedrooms, which is average sized relative to America.Īt the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. 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. Other types of housing that are prevalent in Highland Park include large apartment complexes or high rise apartments ( 14.54%), row houses and other attached homes ( 5.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.85%). Single-family detached homes are the single most common housing type in Highland Park, accounting for 76.06% of the city's housing units. With 30,177 people, 12,079 houses or apartments, and a median cost of homes of $630,112, Highland Park house prices are not only among the most expensive in Illinois, Highland Park real estate also is some of the most expensive in all of America. ![]()
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