Hillsborough, NC Real Estate
According to census data in the year 2000 there were 2,294 housing units in Hillsborough.
This represents a 28.7% growth from 1,783 in 1990.
Of those housing units, 2,263 were located in either urbanized areas or urban clusters, and 31 were located in what is classified as a rural area.
Homeownership rate in Hillsborough is about 61.3%.
Hillsborough's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Hillsborough were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 6.20% |
| Two Bedrooms | 34.80% |
| Three Bedrooms | 43.90% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $117,100 |
| Median Price asked for vacant units | $183,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $495 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.40% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 55.60% |
| Debt Free | 25.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20% |
