Hillsboro, OR—97124
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 $537,000, with a year-over-year change of -2.3%. 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 | $537,000 | -2.3% |
| Single Family | $544,000 | -2.7% |
| Condos | $358,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $295,000 | -6.3% |
2 Bed | $399,000 | -3.9% |
3 Bed | $510,000 | -2.5% |
4 Bed | $613,000 | -2.9% |
| 5 Bed | $697,000 | -2.7% |
% of Housing Stock
Rental Trends — Hillsboro, OR
As of July '25, Rentcast reports the average rent in Hillsboro, OR is $2,200, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Hillsboro, OR is studios: $1,550, 1-bedrooms: $1,520, 2-bedrooms: $2,000, 3-bedrooms: $2,450, 4-bedrooms: $3,120. The most common rental property sizes in Hillsboro, OR are 2-bedroom and 1-bedroom, accounting for 41.7% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,200 |
| Studio Rent | $1,440 | $1,550 |
| 1 Bed Rent | $1,600 | $1,520 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $2,410 | $2,450 |
| 4 Bed Rent | $2,840 | $3,120 |
% 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 72. This is a increase of 33.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $563,000 | -4.0% |
Listing Count | 147 | 11.0% |
| Listings as % of Homes | 0.3% | 11.0% |
Days on Market | 72 | 33.0% |
Demographics — Hillsboro, OR
As of the latest ACS Survey released in 2023, Hillsboro, OR has a population of 54,400, which has remained stable by 0.5% over the past 5 years. Hillsboro, OR is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,400 | 0.5% |
% Under 18 | 20.2% | -12.6% |
% Seniors | 12.0% | 11.1% |
% WFH | 22.1% | 370.2% |
% w/ College Degree | 46.6% | -1.3% |
As of the latest ACS Survey released in 2023, Hillsboro, OR is a predominantly white area, with 55.7% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Hillsboro, OR is hispanic, making up 23.5% of the population. Foreign-born residents account for 19.2% of the population in Hillsboro, OR, and this percentage has increased by 1.6% 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 | 55.7% | -8.5% |
% Black | 3.0% | 150.0% |
% Hispanic | 23.5% | 26.3% |
% Asian | 10.7% | -12.3% |
% Foreign Born | 19.2% | 1.6% |
Mortgage and Risk — Hillsboro, OR
According to HUD data as of 2023, there were 594 mortgage originations in Hillsboro, OR, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% 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 | 594 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% 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 2.1%. 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. 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 | 483 |
Total Units Section 8 | 313 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $450 | $1,600 | $2,050 |
| 2 Bedroom | $340 | $2,000 | $2,340 |
| 3 Bedroom | $800 | $2,410 | $3,210 |
| 4 Bedroom | $930 | $2,840 | $3,770 |
Affordability — Hillsboro, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $537,000 |
| Median Household Income | $107,000 |