Highland, Indiana Housing Market Prices
Highland Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 48% above the Indiana median$211,315
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Median rent 16% above the Indiana median$1,229
Housing Market Overview
| Metric | Highland | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,315 | $142,738 | $248,835 |
| Price Trend (Annual %) | 392.6% | 7.2% | 7.5% |
| Median Gross Rent | $1,229 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Highland is about 48% higher than in Indiana. Rent is about 16% higher than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Highland, up about 392.6% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Highland rose about 28.8% between 2015 and 2024, from $954 to $1,229. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Highland.
Buying the median-priced home in Highland costs roughly 14.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Highland. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Highland | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,315 | $142,738 | $248,835 |
| Median Household Income | $78,673 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Highland rose about 75.3%, while median household income rose about 21.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Highland | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.2% | 64.4% | 58.5% |
| Rental Rate | 20.7% | 26.9% | 31.2% |
| Vacancy Rate | 4.1% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Highland has a homeownership rate of 75.2%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 4.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Highland | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1969 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Highland was built around 1969. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Highland, IN Housing Compared With Nearby Cities
How Highland, IN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Highland, IN | 23,705 | $211,315 #1/2 | $1,229 #1/2 | 78.4% #1/2 |
| Hammond, IN | 76,072 | $61,008 | $1,135 | 62.4% |
Frequently Asked Questions
Common questions about the housing market in Highland, Indiana.
What is the median home price in Highland, Indiana?
The median home price in Highland, Indiana is $211,315, higher than the Indiana average of $142,738.
What is the average home price in Highland, Indiana?
The typical home price in Highland, Indiana, reported as the median sale price, is $211,315. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Highland, Indiana?
The median gross rent in Highland, Indiana is $1,229 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Highland in 2020?
In 2020, the median gross rent in Highland, Indiana was $1,085 per month.
What is the price-to-rent ratio in Highland, Indiana?
The price-to-rent ratio in Highland, Indiana is about 14.3, meaning it would take roughly 14.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Highland.
Are home prices or rent rising faster in Highland, Indiana?
Both home prices and rent are rising in Highland, up about 392.6% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Highland, Indiana?
75.2% of households in Highland, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Highland, Indiana?
The housing vacancy rate in Highland, Indiana is 4.1%, lower than the Indiana average of 8.8%.
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