The Most Affordable Neighborhoods in Hillsboro, MO by Home Value

 

Hillsboro, MO Map of Most Affordable Neighborhoods
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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 $207,732, higher than the Missouri average of $194,908.

The average cost of rent is $999/mo in Hillsboro, primarily driven by the current value of real estate in the Hillsboro area. While nearly 35.82% of residents own their homes outright in Hillsboro, 17.94% rent.

Housing affordability isn’t just about home prices, though. The average household income in Hillsboro is $6,327 per month. Households that rent pay about 15.79% of their income on rent here. Hillsboro's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.


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