Hillsboro, TN—37342
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hillsboro, TN
As of Oct '25, the median home price in Hillsboro, TN is $323,000, with a year-over-year change of 1.8%. This indicates that home prices in Hillsboro, TN are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 1.8% |
| Single Family | $323,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $308,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hillsboro, TN
As of July '25, Rentcast reports the average rent in Hillsboro, TN is $1,550, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Hillsboro, TN is 3-bedrooms: $1,550. The most common rental property sizes in Hillsboro, TN are 3-bedroom and 2-bedroom, accounting for 55.7% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,450 | $1,550 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hillsboro, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillsboro, TN is 63. This is a increase of 82.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 43.0% |
Listing Count | 18 | -14.0% |
| Listings as % of Homes | 0.7% | -14.0% |
Days on Market | 63 | 82.0% |
Demographics — Hillsboro, TN
As of the latest ACS Survey released in 2023, Hillsboro, TN has a population of 3,760, which has decreased by -6.0% over the past 5 years. Hillsboro, TN is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,760 | -6.0% |
% Under 18 | 25.0% | -9.1% |
% Seniors | 18.8% | 42.4% |
% WFH | 8.9% | 242.3% |
% w/ College Degree | 18.8% | 59.3% |
As of the latest ACS Survey released in 2023, Hillsboro, TN is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in Hillsboro, TN is hispanic, making up 1.5% of the population. Foreign-born residents account for 1.0% of the population in Hillsboro, TN, and this percentage has decreased by 69.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.9% | 2.8% |
% Black | 0.8% | 300.0% |
% Hispanic | 1.5% | -65.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -69.7% |
Mortgage and Risk — Hillsboro, TN
According to HUD data as of 2023, there were 95 mortgage originations in Hillsboro, TN, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Hillsboro, TN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Hillsboro, TN
Hillsboro, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | -$170 | $1,450 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Hillsboro, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $323,000 |
| Median Household Income | $65,500 |