Hillsboro, OH—45133
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hillsboro, OH
Hillsboro, OH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 5.3% |
| Single Family | $205,000 | 5.1% |
| Condos | $180,000 | 16.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $120,000 | 1.7% |
2 Bed | $163,000 | 7.9% |
3 Bed | $233,000 | 6.4% |
4 Bed | $302,000 | 6.0% |
| 5 Bed | $373,000 | 4.2% |
% of Housing Stock
Rental Trends — Hillsboro, OH
As of July '25, Rentcast reports the average rent in Hillsboro, OH is $1,050, with a year-over-year rent change of 18.6%. Per bedroom, the median rent as of July '25 in Hillsboro, OH is studios: $645, 1-bedrooms: $740, 2-bedrooms: $908, 3-bedrooms: $1,560, 4-bedrooms: $1,350. The most common rental property sizes in Hillsboro, OH are 2-bedroom and 3-bedroom, accounting for 41.2% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,050 |
| Studio Rent | $645 | $645 |
| 1 Bed Rent | $760 | $740 |
| 2 Bed Rent | $895 | $908 |
| 3 Bed Rent | $1,300 | $1,560 |
| 4 Bed Rent | $1,350 | $1,350 |
% of Rental Stock
Property Listings — Hillsboro, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillsboro, OH is 40. This is a increase of 31.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 7.0% |
Listing Count | 93 | -21.0% |
| Listings as % of Homes | 0.4% | -21.0% |
Days on Market | 40 | 31.0% |
Demographics — Hillsboro, OH
As of the latest ACS Survey released in 2023, Hillsboro, OH has a population of 23,600, which has remained stable by -0.7% over the past 5 years. Hillsboro, OH is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | -0.7% |
% Under 18 | 24.4% | 0.4% |
% Seniors | 21.1% | 7.1% |
% WFH | 7.3% | 55.3% |
% w/ College Degree | 15.7% | 12.9% |
As of the latest ACS Survey released in 2023, Hillsboro, OH is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Hillsboro, OH is hispanic, making up 1.4% of the population. Foreign-born residents account for 0.7% of the population in Hillsboro, OH, and this percentage has decreased by 22.2% 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 | 94.1% | -1.6% |
% Black | 1.3% | -7.1% |
% Hispanic | 1.4% | 40.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | -22.2% |
Mortgage and Risk — Hillsboro, OH
According to HUD data as of 2023, there were 355 mortgage originations in Hillsboro, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Hillsboro, OH. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 355 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hillsboro, OH
As of 2024, the percent of homes in Hillsboro, OH under the Section 8 program is 11.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hillsboro, OH, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 287 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 84.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $760 | $750 |
| 2 Bedroom | -$15 | $895 | $880 |
| 3 Bedroom | -$230 | $1,300 | $1,070 |
| 4 Bedroom | $60 | $1,350 | $1,410 |
Affordability — Hillsboro, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $204,000 |
| Median Household Income | $58,800 |