A typical Hillsboro home is worth roughly $128,000
Home prices around Hillsboro have risen about 52% over the past 5 years.
What kind of housing town is Hillsboro?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.5 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Hillsboro home, with $51K to spare.
A two-bedroom rents for about $1,040 a month here, $210 more than owning.
How Hillsboro ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Hillsboro’s typical property tax (1.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,040
Renters already here pay a median of $715, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Montgomery County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
3 of Hillsboro’s houses are on the National Register
Half of Hillsboro’s homes were built before 1963.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Home prices up 52% in 5 years
The federal house price index for the ZIP codes around Hillsboro rose 52% over the past 5 years, faster than across Illinois (47%). Prices were about flat last year. Carrying the Census median home value forward with that index puts the typical Hillsboro home at roughly $128,000 today.
Carrying the Census median forward with the index puts a typical home at about $128K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Hillsboro, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
Hillsboro vs. its neighbors
Hillsboro is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Hillsboro | $128K* | −0.2%† | $1,040 | $50,158 |
| Taylor Springs | $67K* | — | $950 | $45,000 |
| Irving | $152K | −0.1% | $1,100 | $79,167 |
| Butler Grove | $169K* | — | $1,130 | $64,436 |
| East Fork | $124K* | — | $1,080 | $68,250 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Hillsboro buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.