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These days, finding an affordable place to live in the Hillsboro area can be challenging. Home prices in Hillsboro are now at a median cost of $183,293, lower than the Iowa average of $226,062.
The average cost of rent is $775/mo in Hillsboro, primarily driven by the current value of real estate in the Hillsboro area. In Hillsboro, 26.79% of households rent, and 60.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hillsboro is $4,819 per month. Households that rent pay about 16.08% of their income on rent here. Hillsboro’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Houghton, IA: higher priced homes
- Salem, IA: higher priced homes
- Stockport, IA: less expensive homes
- Glasgow, IA: equally priced homes
- Mount Hamill, IA: higher priced homes
- Oakland Mills, IA: higher priced homes
- Bonaparte, IA: equally priced homes
- Westwood, IA: higher priced homes
- Rome, IA: higher priced homes
- St. Paul, IA: higher priced homes
Cities with Similar Populations
- Harpster, OH: equally priced homes
- Steeles Tavern, VA: higher priced homes
- Startup, WA: higher priced homes
- Stanley, IA: less expensive homes
- St. Petersburg, PA: less expensive homes
- St. James, TN: equally priced homes
- Spring Creek, NC: higher priced homes
- South Mountain, PA: higher priced homes
- Hopkinton, RI: higher priced homes
- Hester, LA: higher priced homes
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