Foreclosure Homes in Highwood, IL

Current Market Conditions in Highwood, IL

Highwood's real estate market is currently experiencing a trend of increased demand, especially among young professionals and families looking for suburban tranquility while maintaining access to Chicago. This demand has contributed to a rise in home prices, though they still remain competitive compared to neighboring areas.

The market has seen a steady increase in new developments, including single-family homes and townhouses, appealing to a diverse demographic. There is also a noticeable shift towards eco-friendly building practices in response to buyer demand for sustainable living options.

Rent Prices In Highwood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Highwood, IL, is on a rollercoaster ride. The average rent price in Highwood, IL, is $2,193.00. Indeed, when looking to rent in Highwood, IL, you can expect to pay as little as $1,020.00 or as much as $4,500.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Highwood, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.