Hillsboro, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hillsboro Neighborhoods Since 2000




Hillsboro, OH 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 6,557, 2,758 total housing units (homes and apartments), and a median house value of $101,881, 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 64.78% 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 ( 15.11%), large apartment complexes or high rise apartments ( 13.66%), and a few row houses and other attached homes ( 3.27%).

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 48.89% owning and 51.11% 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 ( 29.97%). A lesser amount of the housing stock also hails from before 1939 ( 26.53%). There's also some housing in Hillsboro built between 2000 and later ( 10.73%).

Vacant housing appears to be an issue in Hillsboro. Fully 13.19% 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

Hillsboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hillsboro during the period has been just -1.24%, which is lower than 70% of US communities.

Over the last year, Hillsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Hillsboro's appreciation rate has been 2.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hillsboro were at -0.60%, which equates to an annual appreciation rate of -2.39%.

Notably, Hillsboro's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Hillsboro's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$101,881

Hillsboro, OH HOME PRICES

Value Range
> $1,062,000 0.4
$797,001 - $1,062,000 0.0
$531,001 - $797,000 1.2
$425,001 - $531,000 0.0
$319,001 - $425,000 3.0
$212,001 - $319,000 5.9
$106,001 - $212,000 31.9
$53,001 - $106,000 48.5
$0 - $53,000 9.1

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
76.4092347357319 77.1653543307087

Number Of Homes And Apartments:
2,758

Hillsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
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
2.39% 0.14% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$709 / per month

Homeownership Rate

Homeownership
Owners 48.89
Renters 51.11
Vacant 13.19

Housing Market Details

 

Age of Homes

AGE OF Hillsboro HOMES
2000 or Newer 10.7
1970 - 1999 32.8
1940 - 1969 30.0
1939 or Older 26.5

Types of Homes

TYPE OF Hillsboro HOMES
Single-Family 64.8
Townhomes 3.3
Small Apt. Buildings 15.1
Apt. Complexes 13.7
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Hillsboro HOMES
No Bedroom 0.28
1 Bedroom 11.33
2 Bedrooms 33.74
3 Bedrooms 39.09
4 Bedrooms 12.40
5 or more bedrooms 3.15