Hillsborough, NH—03244
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hillsborough, NH
As of Oct '25, the median home price in Hillsborough, NH is $385,000, with a year-over-year change of 2.6%. This indicates that home prices in Hillsborough, NH are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $385,000 | 2.6% |
| Single Family | $388,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $257,000 | 0.8% |
2 Bed | $333,000 | 1.8% |
3 Bed | $409,000 | 2.8% |
4 Bed | $463,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hillsborough, NH
As of July '25, Rentcast reports the average rent in Hillsborough, NH is $1,850, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Hillsborough, NH is 1-bedrooms: $1,430, 2-bedrooms: $1,710, 3-bedrooms: $2,920. The most common rental property sizes in Hillsborough, NH are 2-bedroom and 1-bedroom, accounting for 42.9% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,430 |
| 2 Bed Rent | $1,700 | $1,710 |
| 3 Bed Rent | $2,800 | $2,920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hillsborough, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillsborough, NH is 65. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -27.0% |
Listing Count | 44 | 100.0% |
| Listings as % of Homes | 0.5% | 100.0% |
Days on Market | 65 | 20.0% |
Demographics — Hillsborough, NH
As of the latest ACS Survey released in 2023, Hillsborough, NH has a population of 8,000, which has increased by 1.4% over the past 5 years. Hillsborough, NH is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,000 | 1.4% |
% Under 18 | 21.6% | -7.3% |
% Seniors | 15.4% | -4.3% |
% WFH | 11.1% | 1.8% |
% w/ College Degree | 24.7% | -2.4% |
As of the latest ACS Survey released in 2023, Hillsborough, NH is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Hillsborough, NH is hispanic, making up 4.3% of the population. Foreign-born residents account for 3.1% of the population in Hillsborough, NH, and this percentage has increased by 121.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.6% | -6.7% |
% Black | 0.7% | 75.0% |
% Hispanic | 4.3% | 2,050.0% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 3.1% | 121.4% |
Mortgage and Risk — Hillsborough, NH
According to HUD data as of 2023, there were 247 mortgage originations in Hillsborough, NH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hillsborough, NH. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 247 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Hillsborough, NH
Hillsborough, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 27.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $1,500 | $1,170 |
| 2 Bedroom | -$160 | $1,700 | $1,540 |
| 3 Bedroom | -$910 | $2,800 | $1,890 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Hillsborough, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $385,000 |
| Median Household Income | $93,900 |