Highland Park, MI housing market
The median sale price was $145,000 in May 2026.
Home values, sales, trends and how Highland Park compares with the towns next door — updated as new data is published.
Highland Park at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 31% in 5 years
The federal house price index for the ZIP code around Highland Park rose 31% over the past 5 years, slower than across Michigan (52%). Last year prices rose 17%. Carrying the Census median home value forward with that index puts the typical Highland Park home at roughly $91,000 today.
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| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +17% | +72% | +97% |
| 2024 | +1.7% | +48% | +88% |
| 2023 | −3.3% | +45% | +76% |
| 2022 | +6.4% | +50% | +64% |
| 2021 | +7.7% | +41% | +45% |
| 2020 | +4.9% | +31% | +30% |
| 2019 | +7.8% | +25% | +26% |
| 2018 | +2.3% | +16% | +20% |
| 2017 | +11% | +13% | +12% |
| 2016 | +14% | +2.4% | +5.3% |
| 2015 | +1.8% | −9.8% | 0% |
| 2014 | +21% | −11% | −4.7% |
| 2013 | −5% | −27% | −12% |
| 2012 | +34% | −23% | −16% |
| 2011 | −28% | −42% | −16% |
| 2010 | +14% | −20% | −12% |
| 2009 | −27% | −30% | −5% |
| 2008 | −11% | −2.9% | +3.5% |
| 2007 | −5.2% | +9.2% | +11% |
| 2006 | −11% | +15% | +16% |
| 2005 | +8.9% | +29% | +18% |
| 2004 | +3.4% | +18% | +14% |
| 2003 | +0.4% | +14% | +10% |
| 2002 | −0.5% | +14% | +8.3% |
| 2001 | +15% | +15% | +5% |
| 2000 | — | — | — |
How Highland Park ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48203, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2025
No permits for new homes were issued in Highland Park in 2025. The last year with any was 2002 (10 new homes).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 10 | 0 | 10 | $454,000 |
| 2001 | 5 | 0 | 5 | $227,000 |
| 2000 | 5 | 0 | 5 | $227,000 |
How Highland Park ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.7 years of income
The typical Highland Park home costs about 2.7 years of the town's median household income, less than across Michigan (3.7 years).
How Highland Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Highland Park is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Highland Park pay a median of $688, so moving in tends to cost more than staying put. A two-bedroom takes about 44% of the town's median household income, above the 30% guideline for affordable housing.
Studio $770 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48203; Detroit-Warren-Livonia, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Highland Park
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.