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These days, finding an affordable place to live in the Hillsborough area can be challenging. Home prices in Hillsborough are now at a median cost of $1,992,003, higher than the California average of $812,006.
The average cost of rent is $3,419/mo in Hillsborough, primarily driven by the current value of real estate in the Hillsborough area. In Hillsborough, 9.62% of households rent, and 34.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hillsborough is $20,186 per month. Households that rent pay about 16.94% of their income on rent here. Hillsborough’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burlingame, CA: equally priced homes
- Highlands-Baywood Park, CA: equally priced homes
- San Mateo, CA: less expensive homes
- Millbrae, CA: less expensive homes
- Belmont, CA: equally priced homes
- Foster City, CA: less expensive homes
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- Millbrae Meadows, CA: less expensive homes
- San Carlos, CA: equally priced homes
- Pedro Valley, CA: less expensive homes
Cities with Similar Populations
- Lake Geneva, WI: less expensive homes
- Santaquin, UT: less expensive homes
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- San Marino, CA: equally priced homes
- Sabana Hoyos, PR: less expensive homes
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- Lincolnwood, IL: less expensive homes
- Laurel, DE: less expensive homes
- Las Marias, PR: less expensive homes
- Lantana, FL: less expensive homes
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