The typical owner-occupied home in Hillsboro is worth about $273,900, 4% below the Tennessee median of $286,700 and 18% below the national median of $332,700. Owners pay a median $1,630 a year in property taxes, about 0.60% of their home's value, higher than the Tennessee rate of 0.50%. 62% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Hillsboro at a glance
| Hillsboro | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $273,900 | $286,700 | $332,700 |
| Median property tax paid per year | $1,630 | $1,442 | $3,119 |
| Property tax as a share of value | 0.60% | 0.50% | 0.94% |
| Median household income | – | $69,595 | $80,734 |
| Homes lived in by their owners | 62% | 67% | 65% |
| Owner homes with a mortgage | 30% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,449 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 19.6% | 21.0% |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1975 | 1987 | 1980 |
| Vacant homes | 25.2% | 10.2% | 10.1% |
| Population | 555 | 7,066,383 | 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 $273,900 with 20% down costs about $1,725 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,181, 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 $73,933 for the 20%-down payment.
| Down payment | $54,780 |
|---|---|
| Loan amount | $219,120 |
| Principal and interest | $1,474 |
| Property taxes (0.60% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| PMI | $0 |
| Total per month | $1,725 |
Change the numbers in the calculator
| Down payment | $9,586 |
|---|---|
| Loan amount | $268,939 |
| Principal and interest | $1,809 |
| Property taxes (0.60% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $114 |
| FHA mortgage insurance | $121 |
| Total per month | $2,181 |
Change the numbers in the calculator
Questions about home buying in Hillsboro
What is the median home value in Hillsboro?
About $273,900 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 $1,630 a year, which is about 0.60% 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 $1,725 a month. Keeping that under 28% of gross income takes about $73,933 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