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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hillsborough, NH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hillsborough, NH Housing Market Trends

With a population of 5,979, 2,304 total housing units (homes and apartments), and a median house value of $298,838, Hillsborough real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Hillsborough homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Hillsborough, accounting for 76.84% of the town's housing units. Other types of housing that are prevalent in Hillsborough include duplexes, homes converted to apartments or other small apartment buildings ( 8.80%), mobile homes or trailers ( 7.27%), and a few row houses and other attached homes ( 3.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hillsborough. Owner-occupied housing accounts for 91.76% of Hillsborough's homes, and 54.67% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hillsborough built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hillsborough built before 1939 ( 25.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.92%). There's also some housing in Hillsborough built between 1940-1969 ( 10.94%).

Vacant housing appears to be an issue in Hillsborough. Fully 17.89% of the housing stock is classified as vacant. Left unchecked, vacant Hillsborough homes and apartments can be a drag on the real estate market, holding Hillsborough real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hillsborough Home Appreciation Rates

Appreciation rates for homes in Hillsborough have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.42%, which ranks in the top 30% nationwide. This equates to an annual average Hillsborough house appreciation rate of 7.98%.

Over the last year, Hillsborough appreciation rates have trailed the rest of the nation. In the last twelve months, Hillsborough's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hillsborough were at 4.33%, which equates to an annual appreciation rate of 18.47%.

Importantly, this makes Hillsborough one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New Hampshire, our data show that Hillsborough's latest annual appreciation rate is lower than 90% of the other cities and towns in New Hampshire.

Average Home Values

Median Home Value

$298,838

Hillsborough, NH Home Prices
> $1,402,000
$1,052,001 - $1,402,000
$701,001 - $1,052,000
$561,001 - $701,000
$420,001 - $561,000
$281,001 - $420,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.6%
0.6%
0.0%
0.0%
5.0%
5.0%
2.8%
2.8%
16.9%
16.9%
38.9%
38.9%
26.7%
26.7%
3.2%
3.2%
5.9%
5.9%
0% 100.0%
% of Homes
Very Low

for New hampshire

Average

for nation

Number of Homes And Apartments:

2,304

Hillsborough Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,027 / per month

Homeownership Rate

Owners
Renters
91.8%
91.8%
8.2%
8.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.9%
17.9%
82.1%
82.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.9%
21.9%
42.0%
42.0%
10.9%
10.9%
25.2%
25.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.8%
76.8%
3.8%
3.8%
8.8%
8.8%
3.2%
3.2%
7.3%
7.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
8.6%
8.6%
32.9%
32.9%
37.6%
37.6%
17.0%
17.0%
2.5%
2.5%
0% 100.0%
% of Homes