City-owned Homes And Land in Hillsborough, NC

Current Market Conditions in Hillsborough, NC

The real estate market in Hillsborough has been sizzling, with an increasing number of properties being sold quickly. The median home price has risen noticeably over the past year as demand continues to outpace supply, fueled by buyers looking for the tranquility of the countryside combined with the convenience of city amenities. Homes in Hillsborough are garnering attention from first-time homeowners and investors alike, seeking to capitalize on this picturesque community.

Recent months have shown both volatility and resilience in the housing market, reflecting national trends but with local characteristics. The town's unique charm and attractive lifestyle have kept interest levels high, and homes are often seeing multiple offers above asking price, indicating a seller’s market.

Rent Prices In Hillsborough, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hillsborough, NC, is on a rollercoaster ride. The average rent price in Hillsborough, NC, is $1,503.00. Indeed, when looking to rent in Hillsborough, NC, you can expect to pay as little as $480.00 or as much as $3,820.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Hillsborough, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.