Housing in Highland Park
Highland Park's housing market runs genuinely expensive, reflecting its status as one of the North Shore's most affluent communities, with real, continued price appreciation.
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Learn moreA real, substantial average home value
Highland Park's average home value ran $809,080 as of June 30, 2026 (Zillow), up a real 7.2% year-over-year -- substantially above Illinois's statewide average and the national figure.
A genuine driver: North Shore lakefront demand
Highland Park's direct Lake Michigan lakefront setting, walkable downtown, and Ravinia Festival's cultural draw all support real, sustained housing demand distinct from a purely commuter-driven suburb.
A real, elevated carrying cost on top of price
Beyond the purchase price itself, Highland Park's median effective property tax rate (2.53%) and median annual bill ($14,191) add a real, substantial ongoing cost -- confirm both the purchase price and the specific parcel's current tax bill before buying.
Key takeaways
- Average home value: $809,080 (June 2026), up 7.2% year-over-year.
- Highland Park's housing demand is genuinely supported by its lakefront setting, walkable downtown, and Ravinia Festival's draw.
- Property tax adds a real, substantial ongoing cost ($14,191 median annual bill) beyond the purchase price.
- Confirm current, address- and school-zone-specific pricing directly given continued appreciation.
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