October's First-Time Homebuyer Report for Hillsborough

Hillsborough is much younger the rest of California, with a median age of 47. However, it happens to be the fifth- most affluent city in the state, with a median income of $203,799 per household. The Hillsborough market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the city is South Hillsborough.

Culture

If you're into the outdoors, great attractions in Hillsborough include Burlingame Country Club and Vista Park, according to Foursquare.

Price Range

The median value of homes in Hillsborough is $2,335,200, making it the most valuable area in California. At the same time, the average list price of available homes is presently $4,863,970.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Hillsborough:

$3.2M   $18.8M   $7.3M  

Typical Dwelling

The typical dwelling in Hillsborough is a four-bedroom detached home worth about $3,699,279. To purchase a similar home, a buyer with good credit and a $739,856 cash down payment could obtain a mortgage with a 3.95% interest rate and a $19,995 monthly payment. The property tax rate is $5.34 per $1,000 of taxable assessed value.

Get started right now by checking out Hillsborough homes for sale or reviewing Hillsborough real estate trends.


Data reported through 10/13/2016

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