14 / 100

Highlands County, FL

RANK #855 / 996  ·  POP 102,339  ·  FL

PROJECTED GROWTH: -1.1%

Highlands County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Highlands County?

Highlands County, Florida, offers a distinctive blend of natural beauty and small-town character, with Lake Placid, known as the "Town of Murals," being a notable highlight. This central Florida county is situated roughly two hours south of Orlando, providing a quieter alternative to the state's more bustling areas. Commuting within the county is generally short, averaging around 20 minutes. The community feel is often described as friendly and welcoming, with a relaxed pace. Outdoor recreation is a major draw, with Highlands Hammock State Park, one of Florida's oldest state parks, offering extensive hiking and biking trails through old-growth forests and cypress swamps where visitors can spot alligators and various bird species. The county also boasts over 100 lakes, providing opportunities for fishing, boating, and other water sports.

Life in Highlands County appeals to those seeking a lower cost of living and a connection to nature. Many retirees are drawn to the area, though families also reside here, supported by public schools that are considered above average. The economy, historically rooted in agriculture, particularly citrus and cattle, has diversified to include tourism and healthcare. Recent economic developments show investment flowing into energy sectors, contributing to the county's evolving economic landscape. The county's central location allows for access to larger metropolitan areas without the daily crowds and traffic.

[02] Market Snapshot

Housing Ratio
5.3x

Above national median (4.7x)

GDP Growth
+4.0%

Above national median

Home Prices
-2.5%

Prices declining

Climate & Terrain
4.1

Favorable climate & terrain

Price/Rent
8x

Strong rental yield

Housing is fairly valued at 5.3x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Highlands County U.S. National

The Numbers

DEMOGRAPHICS
Population
102,339
+1.15% YoY
Median Household Income
$53,679
Median Home Value
$155,900
-2.49% 12mo
Median Rent
$919
Average Annual Pay
$47,926
+3.7% YoY
Employment
28,823
+0.6% YoY
Income-to-Home-Value
0.3443
More affordable than average
Migration Inflow
3.42%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
106
Slower market
Months of Supply
7.1
Buyer's market
Sale-to-List Ratio
95.5%
Negotiation room for buyers
Sold Above List
4.4%
Listings w/ Price Drops
25.6%
Building Permits (2024)
980
Single-Family Permits
846

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$138M
TOTAL
PROJECT AMOUNT STATUS
Highland Solar South
Placid Solar, LLC
$75M Planned
Lake Placid Solar Power Plant (45 MW Solar + 18 MW Battery Storage)
Duke Energy Florida, LLC
$63M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.0% 73 percentile
Population Growth +1.1% 75 percentile
Income Growth +14.5% 99 percentile
Vacancy Rate 1.2% 40 percentile
Home Price Change -2.5% 12 percentile
Rent Growth +1.0% 19 percentile
Price/Rent 8x 98 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Highlands County, FL a good place to move to?

Highlands County has a Boom Town Index score of 14/100, ranking #855 among 996 U.S. counties. With job growth at +0.6% and a median household income of $53,679, it faces some economic headwinds compared to faster-growing counties.

Is Highlands County affordable?

The median home value in Highlands County is $155,900 with median rent at $919/month. The income-to-home-value ratio is 0.3443, which is more affordable than the national average.

Is Highlands County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: +0.6%. Home values changed -2.5% in the past 12 months.

Are people moving to Highlands County?

Yes — 3.42% of Highlands County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Washoe County, NV 24 Columbia County, OR 24 East Baton Rouge Parish, LA 24 Pender County, NC 24 Orange County, TX 24 Jackson County, OR 24 St. Clair County, AL 24 Hawaii County, HI 24