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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 $275,646, higher than the Missouri average of $246,641.
The average cost of rent is $979/mo in Hillsboro, primarily driven by the current value of real estate in the Hillsboro area. In Hillsboro, 14.81% of households rent, and 33.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hillsboro is $7,806 per month. Households that rent pay about 12.55% of their income on rent here. Hillsboro’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morse Mill, MO: higher priced homes
- Ware, MO: equally priced homes
- Cedar Hill, MO: less expensive homes
- Dittmer, MO: less expensive homes
- Pevely, MO: less expensive homes
- Herculaneum, MO: less expensive homes
- Festus, MO: less expensive homes
- DeSoto, MO: less expensive homes
- Frumet, MO: less expensive homes
- Barnhart, MO: equally priced homes
Cities with Similar Populations
- Greencastle, PA: equally priced homes
- Highland Village, TX: higher priced homes
- Harriman, TN: less expensive homes
- Hampton Bays, NY: higher priced homes
- Grimes, IA: higher priced homes
- Gretna, NE: higher priced homes
- Grenada, MS: less expensive homes
- Greenville, PA: less expensive homes
- Greenville, MI: less expensive homes
- Jayuya, PR: less expensive homes
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