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Hillsboro city, OR

ZIP 97124 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97124

Median Home Value
$518,500
Median Rent
$1,774
Affordability Snapshot
$143,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,331/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97124 in Hillsboro city, OR, a household would need roughly $143,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,331. That is about 34% above the local median household income ($107,063), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
46.8%-28% vs US avg
x
Vacancy Rate
3.2%-69% vs US avg
x
Broadband Access
95.8%+10% vs US avg
x
4+ Bedrooms
3.2%-78% vs US avg
x
Built Pre-1939
1.9%-85% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
16.5%-67% vs US avg
x
Mortgage-Free
29.8%-22% vs US avg
x
$518,500
Home Value
$1,774
Rent
1995
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.5%
  • 1-unit attached9.1%
  • 2-9 units14.6%
  • 10+ units27.9%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$518,500
Median rent$1,774
Owner-occupied46.8%
Vacant3.2%
Price-to-income4.8x
Est. income to buy$143,000