The housing market in Highland Village is highly competitive and characterized by expensive, single-family detached homes. A large majority of homes are owner-occupied, and the city has very few multi-family housing units or apartment complexes compared to neighboring municipalities.
Average home prices routinely exceed $500,000, with many lakefront or custom-built estate properties pricing well over $1 million. Neighborhoods are heavily master-planned, often featuring mature trees, mandatory homeowners' associations (HOAs), community pools, and direct trail access. Due to high property values and limited multi-family zoning, affordable housing options within the city limits are exceptionally scarce.