The typical owner-occupied home in Hillsboro is worth about $120,500, 45% below the Kansas median of $217,200 and 64% below the national median of $332,700. Owners pay a median $2,040 a year in property taxes, about 1.69% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $63,462 a year, so the median home costs 1.9 times the median income (2.9 times for Kansas). 76% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Hillsboro at a glance
| Hillsboro | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $120,500 | $217,200 | $332,700 |
| Median property tax paid per year | $2,040 | $2,798 | $3,119 |
| Property tax as a share of value | 1.69% | 1.29% | 0.94% |
| Median household income | $63,462 | $74,275 | $80,734 |
| Homes lived in by their owners | 76% | 67% | 65% |
| Owner homes with a mortgage | 49% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $995 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 19.4% | 21.0% |
| Median rent | $763 | $1,060 | $1,413 |
| Rent as a share of renters' income | 17.5% | 27.1% | 30.6% |
| Median year homes were built | 1958 | 1976 | 1980 |
| Vacant homes | 17.3% | 9.2% | 10.1% |
| Population | 2,700 | 2,947,197 | 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 $120,500 with 20% down costs about $868 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,069, 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 $37,217 for the 20%-down payment. That payment is 16% of the median Hillsboro household income of $63,462; at that income and 20% down, the 28% guideline points to a home of about $205,000.
The median rent here is $763 a month, so owning the median home costs about $105 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,100 |
|---|---|
| Loan amount | $96,400 |
| Principal and interest | $648 |
| Property taxes (1.69% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| PMI | $0 |
| Total per month | $868 |
Change the numbers in the calculator
| Down payment | $4,218 |
|---|---|
| Loan amount | $118,317 |
| Principal and interest | $796 |
| Property taxes (1.69% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $50 |
| FHA mortgage insurance | $53 |
| Total per month | $1,069 |
Change the numbers in the calculator
Questions about home buying in Hillsboro
What is the median home value in Hillsboro?
About $120,500 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 $2,040 a year, which is about 1.69% 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 $868 a month. Keeping that under 28% of gross income takes about $37,217 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