Hillsboro, OR—97123
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Hillsboro, OR
Home Price Trends — Hillsboro, OR
As of Oct '25, the median home price in Hillsboro, OR is $526,000, with a year-over-year change of -2.8%. This indicates that home prices in Hillsboro, OR are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $526,000 | -2.8% |
| Single Family | $528,000 | -3.3% |
| Condos | $269,000 | -8.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $397,000 | -5.0% |
3 Bed | $501,000 | -3.3% |
4 Bed | $609,000 | -3.5% |
| 5 Bed | $732,000 | -2.0% |
% of Housing Stock
Rental Trends — Hillsboro, OR
As of July '25, Rentcast reports the average rent in Hillsboro, OR is $2,410, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Hillsboro, OR is 1-bedrooms: $1,440, 2-bedrooms: $1,920, 3-bedrooms: $2,650, 4-bedrooms: $3,020. The most common rental property sizes in Hillsboro, OR are 2-bedroom and 3-bedroom, accounting for 35.9% and 34.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,740 | $1,920 |
| 3 Bed Rent | $2,600 | $2,650 |
| 4 Bed Rent | $2,920 | $3,020 |
% of Rental Stock
Property Listings — Hillsboro, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hillsboro, OR is 70. This is a increase of 7.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $564,000 | -6.0% |
Listing Count | 269 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 70 | 7.0% |
Demographics — Hillsboro, OR
As of the latest ACS Survey released in 2023, Hillsboro, OR has a population of 48,600, which has remained stable by -0.3% over the past 5 years. Hillsboro, OR is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,600 | -0.3% |
% Under 18 | 22.5% | -13.8% |
% Seniors | 13.8% | 16.0% |
% WFH | 17.7% | 205.2% |
% w/ College Degree | 35.8% | 17.8% |
As of the latest ACS Survey released in 2023, Hillsboro, OR is a predominantly white area, with 53.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Hillsboro, OR is hispanic, making up 29.1% of the population. Foreign-born residents account for 19.6% of the population in Hillsboro, OR, and this percentage has increased by 4.3% 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 | 53.6% | -6.6% |
% Black | 1.6% | -23.8% |
% Hispanic | 29.1% | 1.7% |
% Asian | 9.5% | 30.1% |
% Foreign Born | 19.6% | 4.3% |
Mortgage and Risk — Hillsboro, OR
According to HUD data as of 2023, there were 961 mortgage originations in Hillsboro, OR, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Hillsboro, OR. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 961 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hillsboro, OR
As of 2024, the percent of homes in Hillsboro, OR under the Section 8 program is 6.4%. 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. In Hillsboro, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 384 |
Total Units Section 8 | 296 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,400 | $1,740 |
| 2 Bedroom | $250 | $1,740 | $1,990 |
| 3 Bedroom | $130 | $2,600 | $2,730 |
| 4 Bedroom | $290 | $2,920 | $3,210 |
Affordability — Hillsboro, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $526,000 |
| Median Household Income | $106,000 |