Quick facts: Hillsboro, OR

Quick Facts

110.2
Cost of Living
above US average
107,299
Population
28.38
Crime Rate per 1000
above US average
$98,891
Median Income
above US average
$525,000
Median House Price
above US average
$2481.96
Average Rent
above US average
9%
Poverty Rate
below US average
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $98,891.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $98,891
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Income Needed to Rent

⚠ Stretch
$106k/year
Based on $2481.96/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $106k vs median $98,891
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hillsboro, OR

Hillsboro, located in Washington County, Oregon, is a vibrant city that serves as a key part of the Portland metropolitan area. Known for its diverse community and rich history, Hillsboro is a thriving hub for technology and agriculture. The city is home to several high-tech companies, including Intel, which has significantly contributed to the local economy and job market. The landscape is characterized by picturesque parks, scenic landscapes, and the nearby Tualatin Valley, making it ideal for outdoor activities. Residents and visitors can explore numerous parks, hiking trails, and recreational facilities. Hillsboro is also known for its local farmers’ markets, featuring fresh produce and artisanal products from the region. Culturally, Hillsboro boasts a variety of events and festivals throughout the year, celebrating everything from music to heritage. The downtown area offers a blend of historic buildings, shops, and dining options, highlighting the city’s charm and community spirit. With a rapidly growing population, Hillsboro combines suburban living with easy access to the amenities of nearby Portland, making it a desirable place for individuals and families alike.

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