Highland, MI—48357
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 $391,000, with a year-over-year change of 4.2%. This indicates that home prices in Highland, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $391,000 | 4.2% |
| Single Family | $370,000 | 3.4% |
| Condos | $483,000 | 8.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $228,000 | -2.1% |
3 Bed | $351,000 | 3.2% |
4 Bed | $540,000 | 5.5% |
| 5 Bed | $664,000 | 3.8% |
% of Housing Stock
Rental Trends — Highland, MI
As of July '25, Rentcast reports the average rent in Highland, MI is $1,310, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Highland, MI is 2-bedrooms: $1,220, 3-bedrooms: $1,440. The most common rental property sizes in Highland, MI are 2-bedroom and 3-bedroom, accounting for 66.4% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $1,350 | $1,440 |
| 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 44. This is a decrease of -25.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $647,000 | 6.0% |
Listing Count | 32 | 16.0% |
| Listings as % of Homes | 0.4% | 16.0% |
Days on Market | 44 | -25.0% |
Demographics — Highland, MI
As of the latest ACS Survey released in 2023, Highland, MI has a population of 8,520, which has increased by 2.2% over the past 5 years. Highland, MI is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,520 | 2.2% |
% Under 18 | 22.4% | 5.7% |
% Seniors | 21.2% | 23.3% |
% WFH | 11.0% | 205.6% |
% w/ College Degree | 27.8% | -15.2% |
As of the latest ACS Survey released in 2023, Highland, MI is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Highland, MI is black, making up 1.1% of the population. Foreign-born residents account for 1.5% of the population in Highland, MI, and this percentage has decreased by 48.3% 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 | 93.1% | -1.7% |
% Black | 1.1% | 83.3% |
% Hispanic | 0.8% | -60.0% |
% Asian | 0.3% | -70.0% |
% Foreign Born | 1.5% | -48.3% |
Mortgage and Risk — Highland, MI
According to HUD data as of 2023, there were 224 mortgage originations in Highland, MI, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Highland, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 224 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | $40 | $1,200 | $1,240 |
| 3 Bedroom | $170 | $1,350 | $1,520 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Highland, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $391,000 |
| Median Household Income | $94,700 |