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Hillsboro

Learn about the people, housing, costs and businesses in Hillsboro, Mississippi

Median Home$89,192
Median Rent$744/month
Population1,026
Leading IndustriesRetail · Construction · Agriculture & Mining23% retail
Home Value Growth-9.2% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners86% of occupied units
NotableAffordable Market$89k median home · lower cost than 95% of the country
Hillsboro
MS

Frequently Asked Questions

What are today's mortgage rates in Hillsboro?

As of today, the 30-year fixed mortgage rate for Hillsboro is approximately 6.926% (6.963% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hillsboro?

The median home value in Hillsboro is $89k. The median monthly rent is $744. Annual property taxes average $538. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hillsboro?

Home values in Hillsboro have decreased 9.2% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hillsboro?

Based on a typical all-in ownership cost of $659/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillsboro is $54k/year.

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What industries drive the economy in Hillsboro?

The largest employment sectors in Hillsboro are retail (23%) and public administration (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.