The typical owner-occupied home in Hillsboro is worth about $521,100, 9% above the Oregon median of $477,600 and 57% above the national median of $332,700. Owners pay a median $4,303 a year in property taxes, about 0.83% of their home's value, close to the Oregon rate of 0.81%. The median household earns $106,409 a year, so the median home costs 4.9 times the median income (5.8 times for Oregon). 50% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Hillsboro at a glance
| Hillsboro | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $521,100 | $477,600 | $332,700 |
| Median property tax paid per year | $4,303 | $3,876 | $3,119 |
| Property tax as a share of value | 0.83% | 0.81% | 0.94% |
| Median household income | $106,409 | $83,011 | $80,734 |
| Homes lived in by their owners | 50% | 63% | 65% |
| Owner homes with a mortgage | 73% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,227 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 22.4% | 21.0% |
| Median rent | $1,978 | $1,525 | $1,413 |
| Rent as a share of renters' income | 28.4% | 31.3% | 30.6% |
| Median year homes were built | 1997 | 1981 | 1980 |
| Vacant homes | 3.3% | 7.5% | 10.1% |
| Population | 108,231 | 4,254,293 | 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 $521,100 with 20% down costs about $3,382 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,250, 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 $144,940 for the 20%-down payment. That payment is 38% of the median Hillsboro household income of $106,409; at that income and 20% down, the 28% guideline points to a home of about $383,000.
The median rent here is $1,978 a month, so owning the median home costs about $1,404 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $104,220 |
|---|---|
| Loan amount | $416,880 |
| Principal and interest | $2,804 |
| Property taxes (0.83% a year) | $360 |
| Homeowners insurance (our estimate, 0.5% a year) | $217 |
| PMI | $0 |
| Total per month | $3,382 |
Change the numbers in the calculator
| Down payment | $18,238 |
|---|---|
| Loan amount | $511,662 |
| Principal and interest | $3,442 |
| Property taxes (0.83% a year) | $360 |
| Homeowners insurance (our estimate, 0.5% a year) | $217 |
| FHA mortgage insurance | $230 |
| Total per month | $4,250 |
Change the numbers in the calculator
Questions about home buying in Hillsboro
What is the median home value in Hillsboro?
About $521,100 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 $4,303 a year, which is about 0.83% 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 $3,382 a month. Keeping that under 28% of gross income takes about $144,940 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