Housing in Highland

A typical Highland home is worth roughly $203,000

Home prices around Highland have risen about 50% over the past 5 years.

Typical home value

$203K

▼ 14.6% in a year · MI $266K

Estimate

2-bedroom rent

$1,070

a month, utilities in · HUD

Median tax bill

$1,865

MI $2,904

What kind of housing town is Highland?

Read from the numbers below. The page puts what stands out first.

Prices coolingDown 14.6% in a year.Your money goes further24% below the Michigan typical home.A town of owners90% of households own their home.

★ What stands out · Price trend

Home prices up 50% in 5 years

The federal house price index for the ZIP codes around Highland rose 50% over the past 5 years, about the same as across Michigan. Last year prices fell 15%. Carrying the Census median home value forward with that index puts the typical Highland home at roughly $203,000 today.

Highland areaMichigan

−15%

past year

+50%

past 5 years

+86%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $203K.

How Highland ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Highland, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 2.6 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$296,000

Typical Highland home $203K

That covers a typical Highland home, with $94K to spare.

The typical home, each month

$1,230

Loan $1,000Tax $170Insurance $60

A two-bedroom rents for about $1,070 a month here, $160 less than owning.

Where your budget reaches nearby

Hartwick$160K Sherman$225K Marion$191K Richland$197K

How Highland ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Highland’s typical property tax (0.98% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

90% of Highland households own their home

Half of Highland’s homes were built before 1978.

Owners and renters

Own 90%Rent 10%

Michigan: 73% own.

1978

typical home built · MI 1972

$1,865

median property tax bill · MI $2,904

0.98%

of a home’s value, a year in tax · MI 1.25%

12%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,070

Renters already here pay a median of $930, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$810

1 bedroom$820

2 bedrooms$1,070

3 bedrooms$1,300

4 bedrooms$1,560

10%

of households rent · MI 27%

renter households

63%

of renters spend 30%+ of income on rent · MI 50%

17%

of the median income, for a two-bedroom

$930

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Clare County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Highland vs. its neighbors

Highland is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.

Sherman$225K Highland$203K Richland$197K Marion$191K Hartwick$160K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Highland	$203K*	−14.6%†	$1,070	$77,174
Hartwick	$160K*	+0.5%†	$1,000	$67,143
Sherman	$225K*	—	$1,240	$58,571
Marion	$191K	+8.8%	$970	$43,547
Richland	$197K*	−4.2%†	$990	$88,295

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Highland buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Highland still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community 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. The calculator is an estimate, not a loan offer.