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Hillsborough

Learn about the people, housing, costs and businesses in Hillsborough, North Carolina

Median Home$380,227
Median Rent$1,357/month
Population9,883
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality4% professional services
Home Value Growth⬆⬆⬆+23.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners72% of occupied units
NotableAmenity Score68/100 · highly walkable area
NotableHighly Educated25% bachelor's · 15% graduate · top 18% nationally
Hillsborough
NC

Frequently Asked Questions

What are today's mortgage rates in Hillsborough?

As of today, the 30-year fixed mortgage rate for Hillsborough is approximately 6.873% (6.908% 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 Hillsborough?

The median home value in Hillsborough is $380k. The median monthly rent is $1,357. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hillsborough?

Home values in Hillsborough have increased 23.1% 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 Hillsborough?

Based on a typical all-in ownership cost of $1,273/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hillsborough is $84k/year.

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What industries drive the economy in Hillsborough?

The largest employment sectors in Hillsborough are public administration (32%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.