Hillsboro, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hillsboro Neighborhoods Since 2000




Hillsboro, OR 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 102,347 people, 35,284 houses or apartments, and a median cost of homes of $320,344, 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 53.02% of the city's housing units. Other types of housing that are prevalent in Hillsboro include large apartment complexes or high rise apartments ( 28.11%), row houses and other attached homes ( 9.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.76%).

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 51.92% owning and 48.08% 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 ( 31.15%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.21%). There's also some housing in Hillsboro built before 1939 ( 2.63%).

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 15.05% over the last ten years, which is an average annual home appreciation rate of 1.41%, 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.

Appreciation rates are so strong in Hillsboro that despite a nationwide downturn in the housing market, Hillsboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hillsboro appreciation rates continue to be some of the highest in America, at 11.48%, which is higher than appreciation rates in 96.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hillsboro. Hillsboro appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

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 Oregon, our data show that Hillsboro's latest annual appreciation rate is higher than 70% 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.

Average Home Values

 

Median Home Value:
$320,344

Hillsboro, OR HOME PRICES

Value Range
> $1,388,000 0.4
$1,041,001 - $1,388,000 0.3
$694,001 - $1,041,000 1.6
$555,001 - $694,000 4.8
$416,001 - $555,000 18.0
$278,001 - $416,000 44.1
$139,001 - $278,000 25.1
$69,001 - $139,000 1.3
$0 - $69,000 4.4

High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
14.5083792335638 28.5024154589372

Number Of Homes And Apartments:
35,284

Hillsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
85.41% 3.64% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,840 / per month

Homeownership Rate

Homeownership
Owners 51.92
Renters 48.08
Vacant 6.07

Housing Market Details

 

Age of Homes

AGE OF Hillsboro HOMES
2000 or Newer 31.2
1970 - 1999 56.0
1940 - 1969 10.2
1939 or Older 2.6

Types of Homes

TYPE OF Hillsboro HOMES
Single-Family 53.0
Townhomes 9.7
Small Apt. Buildings 7.8
Apt. Complexes 28.1
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Hillsboro HOMES
No Bedroom 1.19
1 Bedroom 11.69
2 Bedrooms 25.62
3 Bedrooms 43.77
4 Bedrooms 15.47
5 or more bedrooms 2.26