In Highland Park, a typical home is worth $79,200 and typical rent is $688 a month. Compared with all of Wayne County, the typical home value is 56% lower, typical household income is 52% lower, and the share of households that own their home is 20 points lower.
Highland Park is in Wayne County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Wayne County. See the county
What this place has that others do not, from public data, most unusual first.
1
Highland Park has the lowest typical household income of the 179 cities in Michigan with more than 5,000 people: $29,309.
2
Highland Park has the 4th lowest typical rent of the 175 cities in Michigan with more than 5,000 people ($688).
3
The typical home in Highland Park is worth $79,200,56% less than in Wayne County as a whole ($178,500).
4
44% of households in Highland Park own their home, against 65% in Wayne County.
5
21% of households in Highland Park have no internet at home (8% in Wayne County).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Highland Park
What homes there are in Highland Park, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Highland Park
Wayne County
Michigan
United States
Kind of home: Highland Park and its comparisons
Measure
Highland Park
Wayne County
Michigan
United States
Detached house
51%
70%
72%
61%
Attached house
4%
6%
5%
6%
Building of 2 to 4
12%
7%
5%
8%
Apartments (5 or more)
33%
16%
13%
19%
Mobile home
Unreliable estimate
2%
5%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses are the majority in Highland Park (51%), but less so than in Wayne County (70%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Highland Park
Wayne County
Michigan
United States
Year built: Highland Park and its comparisons
Measure
Highland Park
Wayne County
Michigan
United States
Before 1960
66%
59%
36%
26%
1960–1979
18%
21%
26%
24%
1980–1999
6%
11%
22%
25%
2000–2009
8%
6%
10%
14%
2010 or later
Unreliable estimate
3%
6%
11%
Homes in Highland Park are smaller: 57% have 3 bedrooms or more; in Wayne County, 64%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K57%
$100K–$200K33%
$200K–$300K9%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Highland Park and its comparisons
Measure
Highland Park
Under $100K
57%
$100K–$200K
33%
$200K–$300K
9%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50028%
$500–$99941%
$1,000–$1,49919%
HUD fair market rent, 2 bedrooms: $1,459
$1,500–$1,99911%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Highland Park and its comparisons
Measure
Highland Park
Under $500
28%
$500–$999
41%
$1,000–$1,499
19%
$1,500–$1,999
11%
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
About 87% of rented homes in Highland Park cost less than HUD's 2-bedroom fair market rent for Wayne County ($1,459).
With a mortgage
$1,480 a month
Wayne County: $1,556 a month
Without a mortgage
$559 a month
Wayne County: $612 a month
Owners with a mortgage
32%
Wayne County: 52%
In Highland Park, 32% of owners have a mortgage; their typical cost is $1,480 a month, about the same as in Wayne County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Highland Park+73%
Wayne County+58%
Michigan+50%
United States+53%
Typical rent
Highland ParkNo clear change
Wayne County+29%
Michigan+30%
United States+33%
Typical household income
Highland Park+59%
Wayne County+28%
Michigan+28%
United States+29%
Change since 2015–2019: Highland Park and its comparisons
Measure
Highland Park
Wayne County
Michigan
United States
Typical home value
+73%
+58%
+50%
+53%
Typical rent
No clear change
+29%
+30%
+33%
Typical household income
+59%
+28%
+28%
+29%
Since 2015–2019, homes in Highland Park gained value faster than in Wayne County: 73% against 58%.
Rent in Highland Park moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Highland Park and its comparisons
Measure
Highland Park
Wayne County
Michigan
United States
Rental vacancy
Unreliable estimate
4.6%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
1.5%
0.8%
0.9%
More than one person per room
Unreliable estimate
2.2%
1.6%
3.4%
People per household
2.13
2.50
2.42
2.53
Drive alone
61%
72%
74%
69%
Carpool
11%
9%
8%
9%
Public transit
Unreliable estimate
2%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
9%
14%
14%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.13 on average, against 2.50 in Wayne County.
In Highland Park, 61% of workers drive alone to work; in Wayne County, 72%.
Do the math
What would you pay each month for a home in Highland Park?
A typical home is tight for the typical income
We start with a typical home in Highland Park, worth $79,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Highland Park, which is $29,309 a year. For that payment to be 28% of income, a household would need to earn about $30,217 a year.
The calculator's FHA and conventional loan limits are those of all of Wayne County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Highland Park. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $2,772 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$705
at 7.18% · 30 years
Loan amount
$77,765
Total interest
$111,886
Paid off in
November 2056
Includes $1,337 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $684 a month
Tight
$684 to $879 a month
Your payment · 29%
Hard
more than $879 a month
Compared with the typical household income in Highland Park ($29,309 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$527
Property tax
$110
Home insurance
$33
FHA mortgage insurance (MIP)
$35
You need at least $2,772 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $705; principal and interest $527.
The city and its county
Highland Park and Wayne County
Highland Park is in Wayne County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Highland Park
Map of Wayne County, Michigan, with Highland Park marked. Around it, the neighboring counties.
Highland Park
Wayne County
Other cities with a page
Highland Park's own numbers
Typical home value
$79,200
Typical monthly rent
$688
Typical yearly household income
$29,309
Households that own their home
44%
Effective property tax rate
1.67%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wayne County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wayne County.
A typical home in Highland Park is worth $79,200: 56% below the county and 66% below Michigan. With the typical household income in Highland Park ($29,309 a year), a typical home costs 2.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Highland Park2.7 years
Wayne2.9 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wayne County
According to FHFA’s house price index, home prices in Wayne County rose 97% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wayne County.
Yearly change in FHFA’s price index in Wayne County, 2016 to 2025
2016: +5.9% +5.9% 2016
2017: +7.1% +7.1% 2017
2018: +6.8% +6.8% 2018
2019: +4.7% +4.7% 2019
2020: +3.7% +3.7% 2020
2021: +11.3% +11.3% 2021
2022: +12.0% +12.0% 2022
2023: +6.5% +6.5% 2023
2024: +7.0% +7.0% 2024
2025: +5.3% +5.3% 2025
Change in FHFA’s price index in Wayne County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+5.3%
+4.7%
+2.9%
5 years (2020–2025)
+49%
+52%
+47%
10 years (2015–2025)
+97%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Highland Park next to Wayne County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Highland Park$79,200
Wayne$178,500
Michigan$231,600
United States$332,700
Typical monthly rent
Highland Park$688
Wayne$1,132
Michigan$1,129
United States$1,413
Typical yearly household income
Highland Park$29,309
Wayne$60,539
Michigan$72,875
United States$80,734
See the full table
Highland Park next to Wayne County and Michigan
Measure
Highland Park
Wayne County
Michigan
U.S.
Typical home value
$79,200 ▼56% below the county
$178,500
$231,600
$332,700
Typical monthly rent
$688 ▼39% below the county
$1,132
$1,129
$1,413
Typical yearly household income
$29,309 ▼52% below the county
$60,539
$72,875
$80,734
Households that own their home
44% ▼20 points below the county
65%
73%
65%
Typical yearly property tax
$1,326 ▼54% below the county
$2,904
$2,904
$3,119
Effective property tax rate
1.67% ▲0.04 points above the county
1.63%
1.25%
0.94%
Renters with high rent for their income
60% ▲6 points above the county
54%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wayne County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Highland Park
For a typical $79,200 home in Highland Park, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Highland Park's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$705a month
Least cash to close
Down payment
$2,772
Cash to close
$5,148
Rate
7.18%
Mortgage insurance
FHA MIP · $35
Conventional, 5% down$691a month
Down payment
$3,960
Cash to close
$6,336
Rate
7.18%
Mortgage insurance
PMI · $38
Conventional, 20% down, no PMI$572a month
Down payment
$15,840
Cash to close
$18,216
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$646a month
Down payment
$11,880
Cash to close
$14,256
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Highland Park
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$705
$2,772
$77,765
7.18%
FHA MIP · $35
$5,148
580
Conventional, 5% down
$691
$3,960
$75,240
7.18%
PMI · $38
$6,336
620*
Conventional, 20% down, no PMI
$572
$15,840
$63,360
7.18%
None
$18,216
620*
ITIN, 15% down (example)
$646
$11,880
$67,320
8.18%
None
$14,256
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Highland Park is $688 a month: 39% below the county. In Highland Park, 60% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Wayne County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wayne County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,047
$20.13
$41,880
1 bedroom
$1,167
$22.44
$46,680
2 bedrooms
$1,459
$28.06
$58,360
3 bedrooms
$1,777
$34.17
$71,080
4 bedrooms
$1,929
$37.10
$77,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Highland Park
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Highland Park is in ZIP code 48203.
For 2 bedrooms it is $1,110: $349 less than the fair market rent for Wayne County ($1,459).
Fair market rent by ZIP code and size in Highland Park, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48203
$800
$890
$1,110
$1,350
$1,470
ZIP code2 bd3 bd
48203 $1,110$1,350
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Highland Park when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 11 buildings with rents for lower incomes in Highland Park. These are the largest.
Gabrielle Apts14201 2nd Ave, Highland Park 48203336 low-income homes · Studio: 5 · 1 bd: 239 · 2 bd: 68 · 3 bd: 24 · In service since 2010 · For older adults, families(313) 865-4554
Labelle Towers33 Labelle St, Highland Park 48203210 low-income homes · Studio: 60 · 1 bd: 150 · In service since 2019 · For older adults(313) 883-7733
Bella Vista Glen369 Glendale St, Highland Park 48203138 low-income homes · 1 bd: 116 · 2 bd: 22 · In service since 2013 · For older adults
Bishop Moore Apts99 Manchester Pkwy, Highland Park 48203103 low-income homes · 1 bd: 102 · 2 bd: 1 · In service since 2011 · For older adults(313) 865-1552
Buena Vista - Glendale2 E Buena Vista St, Highland Park 4820393 low-income homes · 1 bd: 65 · 2 bd: 28 · In service since 1993
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 18 HUD-approved agencies with an office in Wayne County; 4 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Highland Park or Wayne County. The ones below are statewide in Michigan: they work in Highland Park the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
The HUD-approved agencies closest to the center of Highland Park, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
NC
NSC (naca Counseling Subsidiary) - Detroit Mi
12380 Woodward Ave, Highland Park · 1 miles away · Spanish
No legal help resource on our list is for Highland Park or Wayne County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Highland Park and all of Wayne County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Highland Park?
The typical home value in Highland Park is $79,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wayne County it is $178,500.
How much does it cost to rent in Highland Park?
Typical rent in Highland Park is $688 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wayne County is $1,459.
What is the FHA loan limit in Highland Park?
Highland Park uses the FHA limit for all of Wayne County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Highland Park?
The typical homeowner in Highland Park pays $1,326 a year, according to the U.S. Census Bureau. That is 1.67% of the home’s value; in Wayne County, the rate is 1.63%.
Where can I find free help to buy or rent in Highland Park?
There are 18 HUD-approved counseling agencies with an office in Wayne County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
