Highland Park, TX
Population 8,774 · Texas
About Highland Park, TX
Highland Park is a small town located in Texas with a population of 8,774 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 45.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Highland Park features a median home value of $1,887,300, which is 671% above the national median of $244,900. This places Highland Park in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,216, 91% above the national average of $1,163/month. Of the 3,668 total housing units, 88% are owner-occupied (2,845 units) and 12% are renter-occupied (404 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Highland Park shows an unemployment rate of 5.0%, which is near the national rate of 3.7%. The poverty rate stands at 6.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Highland Park have an average one-way commute time of 20.4 minutes.
Education & Demographics
88.3% of Highland Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.8% White, 0.3% Hispanic or Latino, 0.1% Black or African American, and 1.2% Asian residents, with 6.9% of the population being foreign-born.
How Highland Park Ranks in Texas
Cost of Living in Highland Park, TX
Compared to national averages, Highland Park has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,887,300, which is 671% above the national median. Monthly rent at $2,216 is 91% above the US average of $1,163. Within Texas, Highland Park's income is 244% above the state average of $72,726, and home values are 791% above the state median of $211,769.
Why Live in Highland Park, TX?
Highland Park offers a strong local economy with a median household income of $250,001, well above the national average, and a well-educated community where 88.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.3%, better than the national average. Additionally, the city features short commute times averaging just 20.4 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,887,300. However, Highland Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Highland Park has a population of 8,774 with a median age of 45.6 years. Compare Highland Park with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Highland Park
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Graham | 8,758 | $58,525 | $173,000 | Compare |
| Whitehouse | 8,794 | $72,500 | $216,000 | Compare |
| Paloma Creek South | 8,797 | $137,585 | $342,800 | Compare |
| Brownfield | 8,803 | $43,189 | $109,900 | Compare |
| Aransas Pass | 8,807 | $59,359 | $212,100 | Compare |
| Pearsall | 8,841 | $45,293 | $107,300 | Compare |
| Bee Cave | 8,861 | $113,157 | $699,100 | Compare |
| Wharton | 8,671 | $47,692 | $149,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Highland Park With Other Cities
Frequently Asked Questions about Highland Park
What is the population of Highland Park, TX?
The population of Highland Park, TX is 8,774 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Highland Park?
The median household income in Highland Park, TX is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Highland Park?
The median home value in Highland Park, TX is $1,887,300, which is 671% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Highland Park?
The median monthly rent in Highland Park, TX is $2,216, which is 91% above the national average of $1,163/month.
What is the unemployment rate in Highland Park?
The unemployment rate in Highland Park, TX is 5.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Highland Park, TX a good place to live?
Highland Park offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 8,774 and a median age of 45.6, the city appeals to established professionals and retirees.
How educated is Highland Park, TX?
88.3% of residents in Highland Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Highland Park?
Key cost-of-living indicators for Highland Park, TX: median home value is $1,887,300 (671% above national), median rent is $2,216/month, and median household income is $250,001. The home-value-to-income ratio is 7.5x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Highland Park?
The poverty rate in Highland Park, TX is 6.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Highland Park, TX?
Highland Park's population is 2.8% White, 0.3% Hispanic or Latino, 0.1% Black or African American, 1.2% Asian, and 0.9% two or more races. 6.9% of residents are foreign-born.