Highland, IN—46322
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland, IN
As of Oct '25, the median home price in Highland, IN is $262,000, with a year-over-year change of 2.2%. This indicates that home prices in Highland, IN are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 2.2% |
| Single Family | $269,000 | 1.9% |
| Condos | $179,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 2.3% |
3 Bed | $270,000 | 1.9% |
4 Bed | $326,000 | 1.9% |
| 5 Bed | $366,000 | 1.9% |
% of Housing Stock
Rental Trends — Highland, IN
As of July '25, Rentcast reports the average rent in Highland, IN is $1,960, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Highland, IN is 1-bedrooms: $1,220, 2-bedrooms: $1,920, 3-bedrooms: $2,300, 4-bedrooms: $2,870. The most common rental property sizes in Highland, IN are 2-bedroom and 1-bedroom, accounting for 46.0% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,220 |
| 2 Bed Rent | $1,650 | $1,920 |
| 3 Bed Rent | $2,100 | $2,300 |
| 4 Bed Rent | $2,820 | $2,870 |
% of Rental Stock
Property Listings — Highland, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland, IN is 38. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | 1.0% |
Listing Count | 85 | 70.0% |
| Listings as % of Homes | 0.2% | 70.0% |
Days on Market | 38 | 43.0% |
Demographics — Highland, IN
As of the latest ACS Survey released in 2023, Highland, IN has a population of 23,700, which has increased by 4.4% over the past 5 years. Highland, IN is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | 4.4% |
% Under 18 | 18.8% | -10.5% |
% Seniors | 20.8% | 12.4% |
% WFH | 6.9% | 91.7% |
% w/ College Degree | 30.1% | 6.0% |
As of the latest ACS Survey released in 2023, Highland, IN is a predominantly white area, with 67.1% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Highland, IN is hispanic, making up 18.4% of the population. Foreign-born residents account for 7.4% of the population in Highland, IN, and this percentage has increased by 23.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.1% | -12.2% |
% Black | 10.4% | 121.3% |
% Hispanic | 18.4% | 24.3% |
% Asian | 2.1% | 0.0% |
% Foreign Born | 7.4% | 23.3% |
Mortgage and Risk — Highland, IN
According to HUD data as of 2023, there were 437 mortgage originations in Highland, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Highland, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 437 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Highland, IN
As of 2024, the percent of homes in Highland, IN under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Highland, IN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,180 | $1,140 |
| 2 Bedroom | -$260 | $1,650 | $1,390 |
| 3 Bedroom | -$390 | $2,100 | $1,710 |
| 4 Bedroom | -$980 | $2,820 | $1,840 |
Affordability — Highland, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $262,000 |
| Median Household Income | $76,200 |