The typical owner-occupied home in Hillsboro is worth about $121,100, 42% below the Alabama median of $209,900 and 64% below the national median of $332,700. Owners pay a median $477 a year in property taxes, about 0.39% of their home's value, close to the Alabama rate of 0.38%. The median household earns $61,818 a year, so the median home costs 2.0 times the median income (3.3 times for Alabama). 77% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Hillsboro at a glance
| Hillsboro | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $121,100 | $209,900 | $332,700 |
| Median property tax paid per year | $477 | $788 | $3,119 |
| Property tax as a share of value | 0.39% | 0.38% | 0.94% |
| Median household income | $61,818 | $63,999 | $80,734 |
| Homes lived in by their owners | 77% | 70% | 65% |
| Owner homes with a mortgage | 39% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,244 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 25.3% | 19.0% | 21.0% |
| Median rent | $681 | $1,007 | $1,413 |
| Rent as a share of renters' income | 12.9% | 29.5% | 30.6% |
| Median year homes were built | 1991 | 1986 | 1980 |
| Vacant homes | 13.2% | 14.5% | 10.1% |
| Population | 527 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Hillsboro
At this week's average 30-year rate of 7.11%, buying the median Hillsboro home of $121,100 with 20% down costs about $742 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $943, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,780 for the 20%-down payment. That payment is 14% of the median Hillsboro household income of $61,818; at that income and 20% down, the 28% guideline points to a home of about $236,000.
The median rent here is $681 a month, so owning the median home costs about $61 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,220 |
|---|---|
| Loan amount | $96,880 |
| Principal and interest | $652 |
| Property taxes (0.39% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $742 |
Change the numbers in the calculator
| Down payment | $4,238 |
|---|---|
| Loan amount | $118,907 |
| Principal and interest | $800 |
| Property taxes (0.39% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $54 |
| Total per month | $943 |
Change the numbers in the calculator
Questions about home buying in Hillsboro
What is the median home value in Hillsboro?
About $121,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hillsboro?
Homeowners pay a median $477 a year, which is about 0.39% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Hillsboro?
For the median home with 20% down at 7.11%, the payment is about $742 a month. Keeping that under 28% of gross income takes about $31,780 a year.
More about Hillsboro
- Mortgage Refinance in Hillsboro
- Debt Relief in Hillsboro
- Home Equity Loans in Hillsboro
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data