Housing in Hillsboro, IL is much more affordable than the national average. The median value of a home in Hillsboro is around $91,600 while the US median housing value is $338,100. Although house appreciation in Hillsboro is lower than the national average of 8.27%, it still stands at 7.96% which indicates a healthy housing market. This makes it an attractive prospect for potential homeowners looking to buy their first property or those wanting to invest at an affordable price.
The median home cost in Hillsboro is $91,600. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Hillsboro is up 10.0%.
Average Age of Homes
- The median age of Hillsboro real estate is 59 years old
The Rental Market in Hillsboro
- Renters make up 26.0% of the Hillsboro population
- 6.0% of houses and apartments in Hillsboro, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.