Hillsboro, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hillsboro Neighborhoods Since 2000




Hillsboro, TX 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 8,321, 2,847 total housing units (homes and apartments), and a median house value of $102,860, 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 69.54% of the city's housing units. Other types of housing that are prevalent in Hillsboro include large apartment complexes or high rise apartments ( 14.37%), duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), and a few mobile homes or trailers ( 5.83%).

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 ( 29.12%). A lesser amount of the housing stock also hails from before 1939 ( 18.44%). There's also some housing in Hillsboro built between 2000 and later ( 11.60%).

Vacant housing appears to be an issue in Hillsboro. Fully 15.32% 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 7.05%, which ranks in the top 40% nationwide. This equates to an annual average Hillsboro house appreciation rate of 0.68%.

NeighborhoodScout's data show that during the latest twelve months, Hillsboro's appreciation rate, at 3.54%, has been at or slightly above the national average. In the latest quarter, Hillsboro's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Hillsboro's latest annual appreciation rate is lower 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:
$102,860

Hillsboro, TX HOME PRICES

Value Range
> $1,104,000 0.1
$828,001 - $1,104,000 0.3
$552,001 - $828,000 0.1
$442,001 - $552,000 0.1
$331,001 - $442,000 0.5
$221,001 - $331,000 8.2
$111,001 - $221,000 19.8
$55,001 - $111,000 41.6
$0 - $55,000 29.3

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
75.7470994960741 62.6459143968872

Number Of Homes And Apartments:
2,847

Hillsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
34.20% 1.72% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$788 / per month

Homeownership Rate

Homeownership
Owners 44.80
Renters 55.20
Vacant 15.32

Housing Market Details

 

Age of Homes

AGE OF Hillsboro HOMES
2000 or Newer 11.6
1970 - 1999 40.8
1940 - 1969 29.1
1939 or Older 18.4

Types of Homes

TYPE OF Hillsboro HOMES
Single-Family 69.5
Townhomes 0.1
Small Apt. Buildings 10.2
Apt. Complexes 14.4
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Hillsboro HOMES
No Bedroom 1.81
1 Bedroom 13.95
2 Bedrooms 37.89
3 Bedrooms 36.11
4 Bedrooms 9.43
5 or more bedrooms 0.80

Popular Communities Near Hillsboro, TX

Zip Codes in Hillsboro, TX