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Highwood, IL

Full City Profile · Illinois · Lake County County

3.4 /5.0
B Good
5,243 Population 7,282/sq mi density
$101,862 Median Income $47,680 per capita
$454,500 Home Value $461,197 Zillow
$1,800 Median Rent 31.2% income on rent
50°F Avg Temperature 260 sunny days/yr
38 Violent Crime/100K 657 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$101,862 median income, 4.3% unemployment
A
Affordability
4.2 / 5.0
$454,500 home value, $1,800/mo rent
F
Safety
1.0 / 5.0
38 violent crimes/100K
A
Education
4.0 / 5.0
38.1% bachelor's degree or higher

Housing Overview

Median Home Value
$454,500
61% above
US avg: $281,900
Median Rent
$1,800/mo
55% above
US avg: $1,163/mo
Homeownership Rate
49.0%
25% below US avg (65.4%)
Total Housing Units
1,989
Median year built: 1959

Home Value by Source

Census Median
$454,500
Zillow (ZHVI)
$461,197
Median Sale Price
$542,500
Median List Price
$600,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

49.0%
Owner-Occupied
51.0%
Renter-Occupied
49%
51%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $1,800/mo · Zillow rent: $2,240/mo

Market Indicators (Redfin)

Median Days on Market
22 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$284
Active Inventory
7
homes for sale

Affordability & Housing Stock

Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
49.0%

Complete Housing Data

Home Values

Census Median Value$454,500
Zillow Home Value (ZHVI)$461,197
Median Sale Price$542,500
Median List Price$600,000
Price Per Sq Ft$284

Rent

Census Median Rent$1,800
Zillow Rent (ZORI)$2,240
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market22
Sale-to-List Ratio1.0%
Price Drops28.6%
Homes Sold2
Active Inventory7
Price Per Sq Ft$284

Ownership & Stock

Owner-Occupied49.0%
Renter-Occupied51.0%
Homeownership Rate49.0%
Total Housing Units1,989
Median Year Built1959
Rent Burden31.2%