Highland, IL—62249
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Highland, IL
As of Oct '25, the median home price in Highland, IL is $258,000, with a year-over-year change of 5.1%. This indicates that home prices in Highland, IL 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 | $258,000 | 5.1% |
| Single Family | $265,000 | 5.2% |
| Condos | $137,000 | 5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | 3.8% |
2 Bed | $166,000 | 5.7% |
3 Bed | $245,000 | 5.2% |
4 Bed | $295,000 | 4.6% |
| 5 Bed | $391,000 | 4.3% |
% of Housing Stock
Rental Trends — Highland, IL
As of July '25, Rentcast reports the average rent in Highland, IL is $1,080, with a year-over-year rent change of -6.9%. Per bedroom, the median rent as of July '25 in Highland, IL is 1-bedrooms: $660, 2-bedrooms: $1,110, 3-bedrooms: $1,350. The most common rental property sizes in Highland, IL are 2-bedroom and 1-bedroom, accounting for 47.9% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $595 | $660 |
| 2 Bed Rent | $950 | $1,110 |
| 3 Bed Rent | $1,100 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Highland, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Highland, IL is 28. This is a decrease of -73.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 69.0% |
Listing Count | 38 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 28 | -73.0% |
Demographics — Highland, IL
As of the latest ACS Survey released in 2023, Highland, IL has a population of 16,600, which has increased by 6.7% over the past 5 years. Highland, IL is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | 6.7% |
% Under 18 | 22.1% | -3.9% |
% Seniors | 18.5% | 3.9% |
% WFH | 10.7% | 122.9% |
% w/ College Degree | 35.8% | 19.7% |
As of the latest ACS Survey released in 2023, Highland, IL is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Highland, IL is hispanic, making up 3.3% of the population. Foreign-born residents account for 3.8% of the population in Highland, IL, and this percentage has increased by 123.5% 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 | 89.5% | -4.6% |
% Black | 0.1% | -93.8% |
% Hispanic | 3.3% | 32.0% |
% Asian | 2.8% | 47.4% |
% Foreign Born | 3.8% | 123.5% |
Mortgage and Risk — Highland, IL
According to HUD data as of 2023, there were 391 mortgage originations in Highland, IL, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Highland, IL. Investor activity is low, as 2.0% 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 | 391 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Highland, IL
Highland, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 225 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 94.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $285 | $595 | $880 |
| 2 Bedroom | $140 | $950 | $1,090 |
| 3 Bedroom | $310 | $1,100 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Highland, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $258,000 |
| Median Household Income | $89,000 |