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Hillsboro

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

Median Home$285,273
Median Rent$900/month
Population3,600
Leading IndustryWholesale Trade12% of local workforce
Home Value Growth⬆⬆+11.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
Hillsboro
MO

Frequently Asked Questions

What are today's mortgage rates in Hillsboro?

As of today, the 30-year fixed mortgage rate for Hillsboro is approximately 6.957% (6.995% 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 $285k. The median monthly rent is $900. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hillsboro?

Home values in Hillsboro have increased 11.4% over the past two years. This indicates a strong appreciation trend. 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 $1,142/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillsboro is $84k/year.

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What industries drive the economy in Hillsboro?

The largest employment sectors in Hillsboro are public administration (25%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.