Home Values in Hillsboro, Oregon — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.6% YoY
The median home value in Hillsboro, Oregon is $535,000 as of March 2026, which is above the national median of $400,000. Home values in Hillsboro have increased by 4.6% over the past year and 25.2% over the last five years. With a population of 106,447 and a median household income of $82,250, the price-to-income ratio stands at 6.5x, making Hillsboro affordable for the average household.
Hillsboro Housing Market Conditions
| Metric | Hillsboro | National Avg |
|---|---|---|
| Median Home Value | $535,000 | $400,000 |
| YoY Appreciation | +4.6% | +3.8% |
| 5-Year Appreciation | +25.2% | +22.4% |
| Price per Sq Ft | $251 | $222 |
| Days on Market | 47 days | 45 days |
| Months of Supply | 5.1 | 3.5 |
| List-to-Sale Ratio | 97.8% | 98.5% |
| Monthly Homes Sold | 100 | — |
| Foreclosure Rate | 0.72% | 0.3% |
Home Value Trends in Hillsboro
A homeowner who purchased at the median price of $427,316 five years ago in Hillsboro would have gained approximately $107,684 in equity, representing a 25.2% return on investment. Over the past year alone, the typical homeowner gained $23,528 in home equity.
Affordability in Hillsboro, OR
With a median household income of $82,250 and a median home price of $535,000, the price-to-income ratio in Hillsboro is 6.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,046 compared to estimated monthly ownership costs of $2,974 gives a rent-vs-buy ratio of 0.74. In Hillsboro, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Hillsboro
The effective property tax rate in Oregon is 0.97%. On a home valued at $535,000, the estimated annual property tax bill is $5,190, or approximately $433/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Hillsboro is 115.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Hillsboro, OR?
The median home value in Hillsboro, Oregon is $535,000 as of March 2026. Home values have changed +4.6% over the past year, with a 5-year appreciation of 25.2%.
Is Hillsboro a buyer's or seller's market?
Hillsboro is currently a buyer's market with 5.1 months of housing supply. Homes spend an average of 47 days on market, and the list-to-sale price ratio is 97.8%. Higher inventory gives buyers more negotiating power.
Are home values going up in Hillsboro?
Yes, home values in Hillsboro have increased by 4.6% over the past year. The 5-year appreciation rate is 25.2%, meaning a home worth $427,316 five years ago is now worth $535,000.
Is it better to rent or buy in Hillsboro?
The average monthly rent in Hillsboro is $4,046, while estimated monthly homeownership costs are approximately $2,974. The price-to-rent ratio is 11. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Oregon Cities
Related Resources
Disclaimer: Home value data for Hillsboro, Oregon is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.