Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 11,451, 3,668 total housing units (homes and apartments), and a median house value of $4,215,268, Hillsborough house prices are not only among the most expensive in California, Hillsborough real estate also is some of the most expensive in all of America.
Hillsborough is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hillsborough than is found in 98% of the communities in America.
The large homes that make up Hillsborough are primarily owner-occupied ( 92.83%).
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hillsborough's housing was primarily built during this period, from the '40s through the '60s. A full 47.78% of the town's housing hails from this era. Other housing ages represented in Hillsborough include homes built between 1970-1999 ( 32.04%) and housing constructed before 1939 ( 13.53%). There's also some housing in Hillsborough built between 2000 and later ( 6.65%).
Vacant housing appears to be an issue in Hillsborough. Fully 12.63% of the housing stock is classified as vacant. Left unchecked, vacant Hillsborough homes and apartments can be a drag on the real estate market, holding Hillsborough real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Hillsborough has experienced some of the highest home appreciation rates of any community in the nation. Hillsborough real estate appreciated 72.29% over the last ten years, which is an average annual home appreciation rate of 5.59%, putting Hillsborough in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hillsborough definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Hillsborough that despite a nationwide downturn in the housing market, Hillsborough real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hillsborough appreciation rates continue to be some of the highest in America, at 10.58%, which is higher than appreciation rates in 95.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hillsborough. Hillsborough appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.
Importantly, this makes Hillsborough one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Hillsborough's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
|$998,001 - $1,331,000||1.3|
|$665,001 - $998,000||0.6|
|$532,001 - $665,000||0.4|
|$399,001 - $532,000||0.2|
|$266,001 - $399,000||0.4|
|$133,001 - $266,000||1.7|
|$67,001 - $133,000||0.0|
|$0 - $67,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hillsborough HOMES|
|2000 or Newer||6.6|
|1970 - 1999||32.0|
|1940 - 1969||47.8|
|1939 or Older||13.5|
|TYPE OF Hillsborough HOMES|
|Small Apt. Buildings||0.7|
|SIZE OF Hillsborough HOMES|
|5 or more bedrooms||33.37|