Hillsboro, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hillsboro Neighborhoods Since 2000




Hillsboro, TX Real Estate Data


Hillsboro Housing Market Information

With a population of 8,321, 2,873 total housing units (homes and apartments), and a median house value of $84,893, house prices in Hillsboro are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Hillsboro, accounting for 69.45% of the city's housing units. Other types of housing that are prevalent in Hillsboro include large apartment complexes or high rise apartments ( 13.76%), duplexes, homes converted to apartments or other small apartment buildings ( 9.92%), and a few mobile homes or trailers ( 5.84%).

People in Hillsboro primarily live in small (one, two or no bedroom) single-family detached homes. Hillsboro has a mixture of owner-occupied and renter-occupied housing.

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 ( 33.48%). A lesser amount of the housing stock also hails from before 1939 ( 16.83%). There's also some housing in Hillsboro built between 2000 and later ( 10.16%).

Vacant housing appears to be an issue in Hillsboro. Fully 12.57% 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

Appreciation rates for homes in Hillsboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.36%, which ranks in the top 40% nationwide. This equates to an annual average Hillsboro house appreciation rate of 1.08%.

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 8.09%, which is higher than appreciation rates in 91.96% 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 2.87%, which equates to an annual appreciation rate of 11.99%.

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 Texas, our data show that Hillsboro's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

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:
$84,893

Hillsboro, TX HOME PRICES

Value Range
> $1,149,000 0.1
$862,001 - $1,149,000 0.6
$574,001 - $862,000 0.2
$459,001 - $574,000 0.1
$345,001 - $459,000 0.4
$229,001 - $345,000 7.0
$115,001 - $229,000 19.9
$57,001 - $115,000 37.3
$0 - $57,000 34.6

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4874392457692 80.5825242718447

Number Of Homes And Apartments:
2,873

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 46.33
Renters 53.67
Vacant 12.57

Housing Market Details

 

Age of Homes

AGE OF Hillsboro HOMES
2000 or Newer 10.2
1970 - 1999 39.5
1940 - 1969 33.5
1939 or Older 16.8

Types of Homes

TYPE OF Hillsboro HOMES
Single-Family 69.4
Townhomes 1.0
Small Apt. Buildings 9.9
Apt. Complexes 13.8
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Hillsboro HOMES
No Bedroom 1.07
1 Bedroom 15.58
2 Bedrooms 37.80
3 Bedrooms 35.18
4 Bedrooms 9.43
5 or more bedrooms 0.94

Hillsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.34% 1.71% 1 4
* 10 is highest

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Zip Codes in Hillsboro, TX