Highland Park, TX—75205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland Park, TX
As of Oct '25, the median home price in Highland Park, TX is $1,988,000, with a year-over-year change of 3.8%. This indicates that home prices in Highland Park, TX are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,988,000 | 3.8% |
| Single Family | $2,373,000 | 4.2% |
| Condos | $589,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $267,000 | -3.6% |
2 Bed | $625,000 | 4.2% |
3 Bed | $1,563,000 | 4.1% |
4 Bed | $2,547,000 | 4.3% |
| 5 Bed | $4,081,000 | 3.8% |
% of Housing Stock
Rental Trends — Highland Park, TX
As of July '25, Rentcast reports the average rent in Highland Park, TX is $3,530, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Highland Park, TX is studios: $1,840, 1-bedrooms: $2,240, 2-bedrooms: $3,490, 3-bedrooms: $5,460, 4-bedrooms: $7,880. The most common rental property sizes in Highland Park, TX are 1-bedroom and 2-bedroom, accounting for 40.8% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,920 | $3,530 |
| Studio Rent | $1,780 | $1,840 |
| 1 Bed Rent | $2,180 | $2,240 |
| 2 Bed Rent | $3,200 | $3,490 |
| 3 Bed Rent | $5,250 | $5,460 |
| 4 Bed Rent | $8,500 | $7,880 |
% of Rental Stock
Property Listings — Highland Park, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland Park, TX is 46. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,490,000 | -7.0% |
Listing Count | 92 | -30.0% |
| Listings as % of Homes | 0.4% | -30.0% |
Days on Market | 46 | -14.0% |
Demographics — Highland Park, TX
As of the latest ACS Survey released in 2023, Highland Park, TX has a population of 25,500, which has increased by 2.6% over the past 5 years. Highland Park, TX is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 87.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,500 | 2.6% |
% Under 18 | 21.0% | -5.4% |
% Seniors | 12.2% | 0.0% |
% WFH | 23.5% | 176.5% |
% w/ College Degree | 87.2% | 5.7% |
As of the latest ACS Survey released in 2023, Highland Park, TX is a predominantly white area, with 79.6% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Highland Park, TX is hispanic, making up 9.4% of the population. Foreign-born residents account for 7.8% of the population in Highland Park, TX, and this percentage has decreased by 7.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.6% | -5.9% |
% Black | 1.8% | 38.5% |
% Hispanic | 9.4% | 32.4% |
% Asian | 4.8% | -15.8% |
% Foreign Born | 7.8% | -7.1% |
Mortgage and Risk — Highland Park, TX
According to HUD data as of 2023, there were 325 mortgage originations in Highland Park, TX, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Highland Park, TX. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 325 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Highland Park, TX
As of 2024, the percent of homes in Highland Park, TX under the Section 8 program is 0.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Highland Park, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $2,180 | $2,360 |
| 2 Bedroom | -$430 | $3,200 | $2,770 |
| 3 Bedroom | -$1,780 | $5,250 | $3,470 |
| 4 Bedroom | -$4,040 | $8,500 | $4,460 |
Affordability — Highland Park, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.1 |
| Median Home Price | $1,988,000 |
| Median Household Income | $188,000 |