menu





Hillsborough, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hillsborough, CA Housing Market Trends

With a population of 11,387, 3,605 total housing units (homes and apartments), and a median house value of $6,367,654, 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 ( 93.93%).

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 40.53% of the town's housing hails from this era. Other housing ages represented in Hillsborough include homes built between 1970-1999 ( 37.54%) and housing constructed before 1939 ( 16.44%). There's also some housing in Hillsborough built between 2000 and later ( 5.48%).

Hillsborough Home Appreciation Rates

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 140.83% over the last ten years, which is an average annual home appreciation rate of 9.19%, 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.

NeighborhoodScout's data show that during the latest twelve months, Hillsborough's appreciation rate, at 13.74%, has been at or slightly above the national average. In the latest quarter, Hillsborough's appreciation rate has been 2.73%, which annualizes to a rate of 11.39%.

Relative to California, our data show that Hillsborough's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$6,367,654

Hillsborough, CA HOME PRICES

> $973,000
$730,001 - $973,000
$486,001 - $730,000
$389,001 - $486,000
$292,001 - $389,000
$195,001 - $292,000
$97,001 - $195,000
$49,001 - $97,000
$0 - $49,000
94.4%
94.4%
0.3%
0.3%
2.6%
2.6%
0.0%
0.0%
0.8%
0.8%
0.2%
0.2%
0.9%
0.9%
0.0%
0.0%
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for CA

Value Relative To Nation

Number Of Homes And Apartments:
3,605

Hillsborough Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
150.26% 4.16%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$6,580 / per month

Homeownership Rate

Owners
Renters
Vacant
93.9%
93.9%
6.1%
6.1%
9.4%
9.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.5%
5.5%
37.5%
37.5%
40.5%
40.5%
16.4%
16.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
98.4%
98.4%
0.3%
0.3%
0.5%
0.5%
0.0%
0.0%
0.8%
0.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.2%
0.2%
2.5%
2.5%
19.6%
19.6%
51.2%
51.2%
26.6%
26.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hillsborough

Zip Codes in Hillsborough, CA