Hillsboro has a cost of living adjustment score of 119.0, which is average when compared to others in Maryland. Also, the area is considered somewhat affluent with a median income of $61,667 per household. Hillsboro is made up of homes that are relatively old with a median of 29 years. Topping the list of best schools in the city is Denton Elementary School.
The median value of homes in Hillsboro is $226,100, making the area almost identical to others in Maryland. At the same time, the average list price of available homes is presently $82,242.
A three-bedroom detached home valued around $105,950 is considered a typical dwelling in Hillsboro. If a buyer was looking for a similar home, they would need good credit and a $21,190 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $46 and the property tax rate is $9.79 per $1,000 of taxable assessed value.
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