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These days, finding an affordable place to live in the Highwood area can be challenging. Home prices in Highwood are now at a median cost of $488,653, higher than the Illinois average of $300,242.
The average cost of rent is $1,984/mo in Highwood, primarily driven by the current value of real estate in the Highwood area. In Highwood, 43.24% of households rent, and 45.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Highwood is $8,752 per month. Households that rent pay about 22.67% of their income on rent here. Highwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Highland Park, IL: higher priced homes
- Lake Forest, IL: higher priced homes
- Bannockburn, IL: higher priced homes
- Deerfield, IL: higher priced homes
- Riverwoods, IL: higher priced homes
- Northbrook, IL: higher priced homes
- Glencoe, IL: higher priced homes
- Lincolnshire, IL: higher priced homes
- Lake Bluff, IL: higher priced homes
- Mettawa, IL: higher priced homes
Cities with Similar Populations
- Hayes, VA: less expensive homes
- Greenport, NY: higher priced homes
- Greentown, IN: less expensive homes
- Greenville, IN: less expensive homes
- Greenwich, NY: less expensive homes
- Greenwood, DE: less expensive homes
- Gretna, VA: less expensive homes
- Grifton, NC: less expensive homes
- Grimesland, NC: less expensive homes
- Groesbeck, TX: less expensive homes
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