As of the 2020 U.S. Census, Highland Village has a population of approximately 15,899 residents. The city has experienced stable, slow growth in recent years, primarily because it is nearly built-out with little vacant land left for large-scale development.
The demographic profile leans heavily toward families and working professionals. The population is predominantly White, with growing Hispanic, Asian, and African American communities reflecting the broader diversification of the DFW Metroplex. Highland Village boasts a highly educated populace; a significant majority of adults hold a bachelor's degree or higher. This translates to high household incomes, with the median household income routinely exceeding $140,000—well above the state and national averages.