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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 $544,747, higher than the New Jersey average of $496,577.
The average cost of rent is $2,564/mo in Hillsborough, primarily driven by the current value of real estate in the Hillsborough area. In Hillsborough, 20.92% of households rent, and 32.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hillsborough is $13,396 per month. Households that rent pay about 19.14% of their income on rent here. Hillsborough’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Flagtown, NJ: higher priced homes
- Belle Mead, NJ: higher priced homes
- Harlingen, NJ: higher priced homes
- Manville, NJ: less expensive homes
- Millstone, NJ: higher priced homes
- Zarephath, NJ: higher priced homes
- Raritan, NJ: less expensive homes
- Somerville, NJ: less expensive homes
- Griggstown, NJ: higher priced homes
- Neshanic Station, NJ: higher priced homes
Cities with Similar Populations
- South Salt Lake, UT: less expensive homes
- East Point, GA: less expensive homes
- Estero, FL: higher priced homes
- Fairborn, OH: less expensive homes
- Fort Lee, NJ: equally priced homes
- Fort Washington, MD: less expensive homes
- Hephzibah, GA: less expensive homes
- Schertz, TX: less expensive homes
- Shawnee, OK: less expensive homes
- Somerset, KY: less expensive homes
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