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Hillsboro

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

Median Home$408,800
Median Rent$1,412/month
Population139
Leading IndustriesConstruction · Retail · Agriculture & Mining7% construction
Home Value Growth+2.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners84% of occupied units
NotableHigh Incomes$88k/year · top 26% nationally
Hillsboro
MD

Frequently Asked Questions

What are today's mortgage rates in Hillsboro?

As of today, the 30-year fixed mortgage rate for Hillsboro is approximately 6.933% (6.970% 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 $409k. The median monthly rent is $1,412. Annual property taxes average $3k. 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 2.8% over the past two years. The market has been relatively stable. 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 $1,335/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillsboro is $88k/year.

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What industries drive the economy in Hillsboro?

The largest employment sectors in Hillsboro are retail (17%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.