Highlands, NJ housing market
The typical Highlands home is worth about $621,000, up 6.9% in a year, 7% above the New Jersey typical home. Homes typically sell in 22 days, a little above asking.
Home values, sales, trends and how Highlands compares with the towns next door — updated as new data is published.
Highlands at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Highlands | New Jersey |
|---|---|---|
| 2017 | $283,000 | $317,000 |
| 2018 | $304,000 | $330,000 |
| 2019 | $336,000 | $343,000 |
| 2020 | $358,000 | $358,000 |
| 2021 | $414,000 | $394,000 |
| 2022 | $471,000 | $441,000 |
| 2023 | $516,000 | $471,000 |
| 2024 | $555,000 | $511,000 |
| 2025 | $589,000 | $551,000 |
| 2026 | $583,000 | $568,000 |
| August 2026 | $621,000 | $580,000 |
40 new homes permitted in 2025
Builders were permitted 40 new homes in Highlands in 2025: 28 single-family houses and 12 in buildings with two or more homes, worth about $5.1 million to build. That's 8.9 per 1,000 residents, faster than across New Jersey (3.1). Over the past 10 years, Highlands has permitted 354 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Highlands's population fell by 384 even though 228 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across New Jersey: 2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 16 | 13 | 3 | $2.4 million |
| 2025 | 40 | 28 | 12 | $5.1 million |
| 2024 | 41 | 28 | 13 | $3.2 million |
| 2023 | 41 | 26 | 15 | $2.2 million |
| 2022 | 31 | 28 | 3 | $5.5 million |
| 2021 | 24 | 24 | 0 | $5 million |
| 2020 | 18 | 18 | 0 | $3.6 million |
| 2019 | 19 | 19 | 0 | $3.5 million |
| 2018 | 19 | 19 | 0 | $5 million |
| 2017 | 15 | 15 | 0 | $3.2 million |
| 2016 | 106 | 106 | 0 | $10.9 million |
| 2015 | 21 | 21 | 0 | $3.1 million |
| 2014 | 13 | 11 | 2 | $1.5 million |
| 2013 | 18 | 16 | 2 | $1.9 million |
| 2012 | 5 | 5 | 0 | $698,000 |
| 2011 | 6 | 6 | 0 | $1.3 million |
| 2010 | 6 | 6 | 0 | $690,000 |
| 2009 | 1 | 1 | 0 | $54,000 |
| 2008 | 5 | 5 | 0 | $541,000 |
| 2007 | 1 | 1 | 0 | $48,000 |
| 2006 | 10 | 10 | 0 | $1.5 million |
| 2005 | 11 | 11 | 0 | $1.6 million |
| 2004 | 13 | 13 | 0 | $1.7 million |
| 2003 | 13 | 9 | 4 | $1.3 million |
| 2002 | 6 | 6 | 0 | $774,000 |
| 2001 | 25 | 23 | 2 | $2 million |
| 2000 | 14 | 14 | 0 | $1.1 million |
Highlands's permit office reported 3 of 12 months in 2025; the Census estimated the rest.
How Highlands 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.
Highlands and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Highlands | $621K | +6.9% | $2,530 | 40 | $91,913 |
| Atlantic Highlands | $871K | +8.3% | $2,430 | 7 | $126,080 |
| Middletown | — | +8.7%† | $2,160 | 125 | $141,810 |
| Sea Bright | $1.12M | +7.6% | $2,730 | 10 | $143,241 |
† FHFA price index change, where Zillow has no home value for the town.
6.8 years of income
The typical Highlands home costs about 6.8 years of the town's median household income, more than across New Jersey (5.6 years).
How Highlands 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 $2,530
HUD's Fair Market Rent for a two-bedroom in Highlands is $2,530 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Highlands pay a median of $1,658, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,820 · 4 bedrooms $3,660
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (07732; Monmouth-Ocean, NJ 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.