Hillsboro, ND


Highest Appreciating Hillsboro Neighborhoods Since 2000

Hillsboro, ND Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hillsboro Housing Market Information

With a population of 1,580, 690 total housing units (homes and apartments), and a median house value of $129,475, house prices in Hillsboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Hillsboro, accounting for 66.50% of the city's housing units. Other types of housing that are prevalent in Hillsboro include large apartment complexes or high rise apartments ( 25.41%), duplexes, homes converted to apartments or other small apartment buildings ( 4.68%), and a few mobile homes or trailers ( 1.90%).

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 64.83% owning and 35.17% renting.

There is a lot of housing in Hillsboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hillsboro built between 1940-1969 ( 32.11%). A lesser amount of the housing stock also hails from before 1939 ( 16.69%). There's also some housing in Hillsboro built between 2000 and later ( 12.39%).

Vacant housing appears to be an issue in Hillsboro. Fully 12.77% 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.

Hillsboro Home Appreciation Rates

In the last 10 years, Hillsboro has experienced some of the highest home appreciation rates of any community in the nation. Hillsboro real estate appreciated 61.95% over the last ten years, which is an average annual home appreciation rate of 4.94%, putting Hillsboro in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hillsboro 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, Hillsboro's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Hillsboro's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Hillsboro one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values


Median Home Value:


Value Range
> $1,112,000 0.6
$835,001 - $1,112,000 0.0
$556,001 - $835,000 0.0
$445,001 - $556,000 0.6
$334,001 - $445,000 2.1
$223,001 - $334,000 9.3
$112,001 - $223,000 43.2
$56,001 - $112,000 35.0
$0 - $56,000 9.2

Average for ND
Low for Nation

Value Relative to Nation Value Relative to State
60.1722723543888 47.787610619469

Number Of Homes And Apartments:

Hillsboro Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
135.30% 5.09% 5 10
* 10 is highest

Rent & Ownership


Average Market Rent:
$836 / per month

Homeownership Rate

Owners 64.83
Renters 35.17
Vacant 12.77

Housing Market Details


Age of Homes

AGE OF Hillsboro HOMES
2000 or Newer 12.4
1970 - 1999 38.8
1940 - 1969 32.1
1939 or Older 16.7

Types of Homes

Single-Family 66.5
Townhomes 1.5
Small Apt. Buildings 4.7
Apt. Complexes 25.4
Mobile Homes 1.9
Other 0.0

Home Size

No Bedroom 2.53
1 Bedroom 15.68
2 Bedrooms 21.37
3 Bedrooms 37.29
4 Bedrooms 17.57
5 or more bedrooms 5.56

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Zip Codes in Hillsboro, ND