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 106,633, 39,456 total housing units (homes and apartments), and a median house value of $492,980, real estate costs in Hillsboro are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.
Single-family detached homes are the single most common housing type in Hillsboro, accounting for 48.59% of the city's housing units. Other types of housing that are prevalent in Hillsboro include large apartment complexes or high rise apartments ( 31.92%), row houses and other attached homes ( 12.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.78%).
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 50.59% owning and 49.41% 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 2000 and later ( 39.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.49%). There's also some housing in Hillsboro built before 1939 ( 3.31%).
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 121.52% over the last ten years, which is an average annual home appreciation rate of 8.28%, putting Hillsboro in the top 20% 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.
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 3.74%, 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 -4.40%, which equates to an annual appreciation rate of -16.48%.
Notably, Hillsboro's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Hillsboro's latest annual appreciation rate is lower than 80% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hillsboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hillsboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hillsboro real estate investment or home purchase decisions.
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