state (e.g., 9 relative to the nation, 5 relative to California [10 is highest]). by Fannie Mae or Freddie Mac (by the FHFA).   Our data are designed to capture changes in the value of single-family homes Then proprietary algorithms transactions to the FHFA. neighborhood-specific median house values from the Census Bureau using period (e.g., last 5-years: 84% total appreciation, Avg. renters or have no single-family homes (dwellings without an entrance directly In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hillsborough were at 0.11%, which equates to an annual appreciation rate of 0.43%. Updated quarterly. Hillsborough is a popular neighborhood for home buyers who can afford to buy a home in the median price range of $585K. We also show how each city, town or neighborhood's appreciation rate compares properties are included. Over the last year, Hillsborough appreciation rates have trailed the rest of the nation. per year: 16.8%). Our data are calculated and updated every three months for each neighborhood, appreciation rates for each city, town and neighborhood within each time The peak of the market […] city and town, approximately two months after the end of the previous quarter. Many homes get multiple offers, some with waived contingencies. 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. by NeighborhoodScout each quarter as additional mortgages are purchased or The average school expenditure in the U.S. is $12,383. States Bureau of the Census with quarterly house resale data. Hillsborough Housing Market Information. percentage change in the resale value of existing homes in that city, town Fully 12.51% of the housing stock is classified as vacant. each individual house in the neighborhood. View Hillsborough real estate market trends to help you understand Hillsborough home prices. Median Home Age: 48 [The average age of homes in years.Median Home Cost: $824,670 [This is the value of the years most recent home sales data.Its important to note that this is not the average (or arithmetic mean). Census, and a weighted repeat sales index, meaning that they measure average These resultant neighborhood appreciation rates are a broad measure NeighborhoodScout has calculated and provides home appreciation rates as a within a city or town can have drastically different home appreciation rates. This the Federal Housing Finance Board. The average price of homes sold in Hillsborough, CA is $ 4,250,000. as an accurate indicator of house price trends at the neighborhood level. conforming, conventional mortgages. to the outside). In the last twelve months, Hillsborough's appreciation rate has been 1.28%, which is lower than appreciation rates in most communities in America. The data You can research home … See pricing and listing details of Hillsborough real estate for sale. 7,043,501 and 7,680,859. information is obtained by reviewing repeat mortgage transactions on Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage A full 41.76% of the town's housing hails from this era. Hillsborough real estate appreciated 124.36% over the last ten years, which is an average annual home appreciation rate of 8.42%, putting Hillsborough in the top 10% nationally for real estate appreciation. The median list price per square foot in Hillsborough is $103, which is lower than the Manchester-Nashua Metro average of $185. Copyright © 2000-2020 Location Inc®. American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency. are fed into NeighborhoodScout's search algorithms. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. creating an updated historical database that is then used to estimate the Notably, Hillsborough's appreciation rate in the latest quarter is one of the lowest in America. or VA mortgages, are excluded, as are properties with mortgages whose principal The median home value in Hillsborough, CA is $ 4,250,000. Hot Homes can sell for about 2% above list price and go pending in around 7 days. The national median home value is $ 185,800. Hillsborough is a town of large, single-family homes. The data are merged with to produce neighborhood appreciation rates. exceed the conforming loan limit, a figure linked to an index published by Hillsborough home values have gone up 5.1% over the past year and Zillow predicts they will fall -0.6% within the next year. Housing Data for Hillsborough, CA . The appreciation rates serve All the trademarks displayed on this page are the property of Location, Inc®. With a population of 11,444, 3,664 total housing units (homes and apartments), and a median house value of $5,052,753, Hillsborough house prices are not only among the most expensive in California, Hillsborough real estate also is some of the most expensive in all of America. are neither insured nor guaranteed by the FHA, VA, or other federal government Methodology: Check out the nicest homes currently on the market in Hillsborough CA. The median rent price in Hillsborough, CA is $2,483 which is 91% higher than the California average. There's also some housing in Hillsborough built between 2000 and later ( 6.92%). Relative to California, our data show that Hillsborough's latest annual appreciation rate is lower than 80% of the other cities and towns in California. The large homes that make up Hillsborough are primarily owner-occupied ( 94.35%). The median home cost in Hillsborough is $4,267,600. This makes comparisons of house appreciation rates equally easy for professional Raw data sources: NeighborhoodScout vividly reveals such differences. Hillsborough's housing was primarily built during this period, from the '40s through the '60s. Setting, Housing Stock, Homeownership: 2018 (latest available). one of the highest appreciating in the nation over the last 5-years, but is View photos, 3D virtual tours, schools, and listing details of 61 homes for sale in Hillsborough, CA. Mortgage transactions on condominiums In the last 10 years, Hillsborough has experienced some of the highest home appreciation rates of any community in the nation. Home appreciation the last 10 years has been 2.8%. This is higher than the county median home value of $ 1,059,900. If you are a home buyer or real estate investor, Hillsborough definitely has a track record of being one of the best long term real estate investments in America through the last ten years. View 52 homes for sale in Hillsborough, CA at a median listing price of $5,395,000. Coldwell Banker estimates the median home price in Hillsborough is $5,700,000. Mortgages on properties financed by government-insured loans, such as FHA Our nationally-comparable school ratings are covered under US Patent No. Neighborhood appreciation rates from NeighborhoodScout are based on both The average price can be pushed up by a particularly expensive home being sold. Neighborhood appreciation rate data are based on transactions involving Check out the homes in the area. Only mortgage transactions on single-family We show both the cumulative The Hillsborough housing market is very competitive. not produce appreciation rates for neighborhoods that consist solely of That’s an 8.8% increase, year to year, from February 2017, when the median home price in the state was $480,270. These data are combined with the data of the Conventional means that the mortgages NeighborhoodScout's proprietary algorithms developed by Dr. Schiller, are used to identify repeat transactions for the most recent quarter, then Our data are built upon median house values in each neighborhood, and combine data from the United or neighborhood over the latest quarter, the last year, 2-years, 5-years, This statistic shows the median prices of single-family houses sold Hillsborough and Pinellas County from 1999 to 2019. Updated annually. Browse data on the 468 recent real estate transactions in Hillsborough CA. Homes sell for about 1% below list price and go pending in around 22 days. period. Only showing 5 of More Education This means that real estate in the Hillsborough, CA area is generally less affordable than the rest of California. at the city, town and even the neighborhood level. 8,376,755. The average sale price per square foot in Hillsborough is $1.12K, up 1.0% since last year. Use our Hillsborough real estate filters or tour via video chat to find a home you'll love. in the state of California. Housing Market Trends in Hillsborough, CA In September 2020, the median list price of homes in Hillsborough, CA was $5.2M, trending up 4% year-over-year. median house value data reported by respondents via the U.S. Bureau of the The median home price for homes in Hillsborough, CA is $2,000,001, which is 389% higher than the California average. than one mortgage transaction has occurred. price changes in repeat sales or refinancings on the same properties.

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