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 about Scout's Real Estate Data
With a population of 3,497, 1,040 total housing units (homes and apartments), and a median house value of $302,696, Hillsboro real estate is some of the most expensive in Missouri, although Hillsboro home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Hillsboro, accounting for 77.26% of the city's housing units. Other types of housing that are prevalent in Hillsboro include duplexes, homes converted to apartments or other small apartment buildings ( 10.56%), large apartment complexes or high rise apartments ( 8.09%), and a few mobile homes or trailers ( 4.00%).
The most prevalent building size and type in Hillsboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.78% owning and 44.22% renting.
Hillsboro homes and real estate are some of the newest in America. 44.21% of Hillsboro's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hillsboro real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.20%), and between 1940-1969 ( 21.29%). There's also some housing in Hillsboro built before 1939 ( 2.30%).
Vacant housing appears to be an issue in Hillsboro. Fully 11.41% of the housing stock is classified as vacant. Left unchecked, vacant Hillsboro homes and apartments can be a drag on the real estate market, holding Hillsboro 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.
Real estate appreciation rates in Hillsboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.49% during the period.
NeighborhoodScout's data show that during the latest twelve months, Hillsboro's appreciation rate, at 4.05%, has been at or slightly above the national average. In the latest quarter, Hillsboro's appreciation rate has been 3.32%, which annualizes to a rate of 13.96%.
Relative to Missouri, our data show that Hillsboro's latest annual appreciation rate is lower than 60% of the other cities and towns in Missouri.
$1,379 / per month