Housing in Hillsboro, VA is quite expensive with a median value of $673,200 compared to the US House Median Value of $338,100. Additionally, the housing market in Hillsboro has seen an appreciation rate of 7.46% over the past year, which is slightly lower than the national average appreciation rate of 8.27%. With such a high median value and lower than average appreciation rate, it is clear that the housing market in Hillsboro is quite competitive and prices are likely to remain on an incline.
The median home cost in Hillsboro is $673,200. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Hillsboro is up 8.1%.
Average Age of Homes
- The median age of Hillsboro real estate is 78 years old
The Rental Market in Hillsboro
- Renters make up 2.7% of the Hillsboro population
- 14.3% 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.