Highland, MI—48356
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Highland, MI
Home Price Trends — Highland, MI
As of Oct '25, the median home price in Highland, MI is $363,000, with a year-over-year change of 3.9%. This indicates that home prices in Highland, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 3.9% |
| Single Family | $356,000 | 3.8% |
| Condos | $426,000 | 5.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 3.9% |
3 Bed | $347,000 | 3.9% |
4 Bed | $460,000 | 3.6% |
| 5 Bed | $594,000 | 3.5% |
% of Housing Stock
Rental Trends — Highland, MI
As of July '25, Rentcast reports the average rent in Highland, MI is $2,250, with a year-over-year rent change of 20.3%. Per bedroom, the median rent as of July '25 in Highland, MI is 2-bedrooms: $1,400. The most common rental property sizes in Highland, MI are 1-bedroom and 2-bedroom, accounting for 48.9% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Highland, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland, MI is 48. This is a increase of 116.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $440,000 | 0.0% |
Listing Count | 22 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 48 | 116.0% |
Demographics — Highland, MI
As of the latest ACS Survey released in 2023, Highland, MI has a population of 8,020, which has decreased by -7.6% over the past 5 years. Highland, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 38.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,020 | -7.6% |
% Under 18 | 20.4% | -7.3% |
% Seniors | 18.6% | 11.4% |
% WFH | 21.3% | 432.5% |
% w/ College Degree | 38.2% | 23.2% |
As of the latest ACS Survey released in 2023, Highland, MI is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Highland, MI is hispanic, making up 2.4% of the population. Foreign-born residents account for 3.7% of the population in Highland, MI, and this percentage has increased by 105.6% 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 | 93.7% | -3.3% |
% Black | 0.5% | ∞% |
% Hispanic | 2.4% | 84.6% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 3.7% | 105.6% |
Mortgage and Risk — Highland, MI
According to HUD data as of 2023, there were 184 mortgage originations in Highland, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Highland, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 184 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Highland, MI
Highland, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | -$140 | $1,400 | $1,260 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Highland, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $363,000 |
| Median Household Income | $104,000 |