Highwood, IL—60040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highwood, IL
As of Nov '25, the median home price in Highwood, IL is $455,000, with a year-over-year change of 4.1%. This indicates that home prices in Highwood, IL are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 4.1% |
| Single Family | $475,000 | 4.4% |
| Condos | $281,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $334,000 | 2.8% |
3 Bed | $505,000 | 2.0% |
4 Bed | $793,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Highwood, IL
As of July '25, Rentcast reports the average rent in Highwood, IL is $2,580, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Highwood, IL is 1-bedrooms: $1,980, 2-bedrooms: $2,500, 3-bedrooms: $3,510. The most common rental property sizes in Highwood, IL are 2-bedroom and 3-bedroom, accounting for 41.8% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,880 | $1,980 |
| 2 Bed Rent | $2,580 | $2,500 |
| 3 Bed Rent | $3,750 | $3,510 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Highwood, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Highwood, IL is 69. This is a increase of 101.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $549,000 | 15.0% |
Listing Count | 4 | -40.0% |
| Listings as % of Homes | 0.2% | -40.0% |
Days on Market | 69 | 101.0% |
Demographics — Highwood, IL
As of the latest ACS Survey released in 2023, Highwood, IL has a population of 5,240, which has decreased by -2.3% over the past 5 years. Highwood, IL is a popular place for families, as children make up 25.6% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,240 | -2.3% |
% Under 18 | 25.6% | 1.6% |
% Seniors | 15.4% | 13.2% |
% WFH | 13.8% | 187.5% |
% w/ College Degree | 38.1% | -5.0% |
As of the latest ACS Survey released in 2023, Highwood, IL is a predominantly white area, with 53.1% of the population identifying as white. The white population has grown by 16.2% in the last 5 years. The second most common race or ethnicity in Highwood, IL is hispanic, making up 40.6% of the population. Foreign-born residents account for 23.3% of the population in Highwood, IL, and this percentage has decreased by 26.7% 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 | 53.1% | 16.2% |
% Black | 2.5% | -40.5% |
% Hispanic | 40.6% | -15.2% |
% Asian | 1.5% | -42.3% |
% Foreign Born | 23.3% | -26.7% |
Mortgage and Risk — Highwood, IL
According to HUD data as of 2023, there were 31 mortgage originations in Highwood, IL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Highwood, IL. Investor activity is low, as 13.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 31 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 13.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Rentals and Section 8 — Highwood, IL
Highwood, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,880 | $1,910 |
| 2 Bedroom | -$420 | $2,580 | $2,160 |
| 3 Bedroom | -$980 | $3,750 | $2,770 |
| 4 Bedroom | N/A | N/A | $3,260 |
Affordability — Highwood, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $455,000 |
| Median Household Income | $102,000 |