Hillsboro, Oregon Housing Market Prices
Hillsboro Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% above the Oregon median$461,616
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Median rent 29% above the Oregon median$1,972
Housing Market Overview
| Metric | Hillsboro | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $461,616 | $406,603 | $248,835 |
| Price Trend (Annual %) | 8.4% | 9.4% | 7.5% |
| Median Gross Rent | $1,972 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hillsboro is about 14% higher than in Oregon. Rent is about 29% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hillsboro, up about 8.4% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Hillsboro rose about 75.0% between 2015 and 2024, from $1,127 to $1,972. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Hillsboro.
Buying the median-priced home in Hillsboro costs roughly 19.5 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hillsboro. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Hillsboro | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $461,616 | $406,603 | $248,835 |
| Median Household Income | $104,065 | $83,617 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hillsboro rose about 140.1%, while median household income rose about 67.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hillsboro | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.8% | 58.6% | 58.5% |
| Rental Rate | 51.0% | 33.9% | 31.2% |
| Vacancy Rate | 3.2% | 7.5% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Hillsboro has a homeownership rate of 45.8%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 3.2%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Hillsboro | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1994 | 1980 | 1978 |
| Median Number of Rooms | 4.8 | 5.3 | 5.5 |
The typical housing unit in Hillsboro was built around 1994. On average, 2.5 people live in a home with about 4.8 rooms, staying for about 11.0 years on average.
Hillsboro, OR Housing Compared With Nearby Cities
How Hillsboro, OR compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hillsboro, OR | 97,915 | $461,616 #2/2 | $1,972 #1/2 | 47.3% #2/2 |
| Aloha, OR | 51,616 | $465,657 | $1,896 | 65.5% |
Frequently Asked Questions
Common questions about the housing market in Hillsboro, Oregon.
What is the median home price in Hillsboro, Oregon?
The median home price in Hillsboro, Oregon is $461,616, higher than the Oregon average of $406,603.
What is the average home price in Hillsboro, Oregon?
The typical home price in Hillsboro, Oregon, reported as the median sale price, is $461,616. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Hillsboro, Oregon?
The median gross rent in Hillsboro, Oregon is $1,972 per month, higher than the Oregon average of $1,525.
What was the median gross rent in Hillsboro in 2020?
In 2020, the median gross rent in Hillsboro, Oregon was $1,546 per month.
What is the price-to-rent ratio in Hillsboro, Oregon?
The price-to-rent ratio in Hillsboro, Oregon is about 19.5, meaning it would take roughly 19.5 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Hillsboro.
Are home prices or rent rising faster in Hillsboro, Oregon?
Both home prices and rent are rising in Hillsboro, up about 8.4% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hillsboro, Oregon?
45.8% of households in Hillsboro, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Hillsboro, Oregon?
The housing vacancy rate in Hillsboro, Oregon is 3.2%, lower than the Oregon average of 7.5%.
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