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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
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.
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.
$298,838
for New hampshire
for nation
2,304
$2,027 / per month