The median home value in Highland Lake, AL is $317,500. This is higher than the county median home value of $156,639. The national median home value is $308,980. The average price of homes sold in Highland Lake, AL is $317,500. Approximately 73% of Highland Lake homes are owned, compared to 11% rented, while 16% are vacant. Highland Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Highland Lake real estate agent to arrange a tour today! Learn more about Highland Lake Real Estate.