Park Place, Highland, IN
Park Place — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Park Place, Highland, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Park Place Neighborhood Overview
Park Place is a residential neighborhood in the town of Highland, Indiana, offering a classic suburban living experience. Located in ZIP code 46322, it provides a quiet, family-friendly atmosphere within the broader Northwest Indiana region. The community is characterized by its high rate of homeownership and established residential streets.
Lifestyle & Amenities
Residents of Park Place enjoy a convenient lifestyle with easy access to local shopping, dining, and services along Indianapolis Boulevard and Ridge Road. The neighborhood's location provides proximity to community parks and recreational facilities managed by the Town of Highland. Daily needs are met with several nearby grocery stores and retail plazas.
Real Estate Market
The real estate market in Park Place is primarily composed of single-family homes, with a homeownership rate of 79%. The median home value is reported at $197,700, indicating an affordable entry point into the market. For those looking to rent, the median monthly rent in the area is $1,216.
Schools & Education
Park Place is served by the School Town of Highland, a well-regarded public school district in the region. Families in the neighborhood have access to the district's elementary, middle, and high school facilities. The area's median household income of $74,991 supports a community invested in educational opportunities.
Transportation & Connectivity
The neighborhood offers excellent connectivity via major roads like Indianapolis Boulevard (US 41) and Ridge Road, facilitating easy commutes. Its location provides straightforward access to Interstate 80/94, a key corridor for travel to Chicago and other parts of Indiana. Public transportation options are available through the local bus service connecting to the broader region.
Why Choose Park Place
Park Place is an ideal choice for homebuyers seeking an affordable, stable community with a strong sense of ownership. Its combination of solid schools, convenient amenities, and major highway access makes it a practical and comfortable place to live. The neighborhood represents a value-driven option in the Highland area for families and professionals alike.
Park Place Market Data
| Metric | Value |
|---|---|
| Median Home Price | $198K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $75K |
| Homeownership Rate | 79.0% |
| Renter-Occupied | 21.1% |
| Rental Vacancy Rate | 8.3% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46322 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Park Place, Highland
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Park Place, Highland, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12