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Real Estate Prices & Overview

Highland Park median real estate price is $264,939, which is more expensive than 52.9% of the neighborhoods in Michigan and 33.2% of the neighborhoods in the U.S.

The average rental price in Highland Park is currently $1,894, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.3% of the neighborhoods in Michigan.

Highland Park is a suburban neighborhood (based on population density) located in Grand Rapids, Michigan.

Highland Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Highland Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Home and apartment vacancy rates are 8.7% in Highland Park. NeighborhoodScout analysis shows that this rate is lower than 44.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Highland Park is ranked among the top 5.2% of neighborhoods for first-time home buyers to consider in the state of Michigan according to NeighborhoodScout's exclusive analysis. Homes here are priced below median housing values in the state, yet maintain moderate appreciation rates compared to other communities. Buying into the Highland Park neighborhood is not only an accessible option but an investment opportunity for many first-time home buyers.

Diversity

Did you know that the Highland Park neighborhood has more Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 7.5% of this neighborhood's residents have Dutch ancestry.

Highland Park is also pretty special linguistically. Significantly, 10.8% of its residents five years old and above primarily speak Polish at home. While this may seem like a small percentage, it is higher than 98.4% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Highland Park neighborhood in Grand Rapids are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 66.8% of U.S. neighborhoods. With 29.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 80.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Highland Park neighborhood, 40.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 29.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (21.0%), and 8.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Highland Park neighborhood is English, spoken by 97.4% of households. Some people also speak Polish (10.8%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Highland Park neighborhood in Grand Rapids, MI, residents most commonly identify their ethnicity or ancestry as German (13.8%). There are also a number of people of Irish ancestry (8.2%), and residents who report Polish roots (7.7%), and some of the residents are also of Dutch ancestry (7.5%), along with some English ancestry residents (5.4%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Highland Park neighborhood spend between 15 and 30 minutes commuting one-way to work (48.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (79.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.8%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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