Total monthly cost of ownership
Cost to Own a Home in Hillsboro, North Dakota
A $181,000 home here costs
$1,593per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $68,500 a year.
A standard mortgage calculator would have told you $987. The real number is $606 higher every month, 61% more than the payment most buyers budget for.
Compare Traill County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Hillsboro from a five-year rolling sample, and with about 1,643 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Traill County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hillsboro against Traill County and North Dakota
| Measure | Hillsboro | Traill County |
|---|---|---|
| Median home value | $180,800 | $193,200 |
| Median property tax | $2,071 | $2,018 |
| Effective tax rate | 1.145% | 1.045% |
| Median gross rent | $645 | $758 |
| Population | 1,643 | 7,980 |
The weather behind that power bill
Hillsboro sits in Traill County, which averages a high of 81.3°F in its hottest month and a low of 1.0°F in its coldest, with 22.31" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 573 cooling and 8,681 heating degree days, which is what sets the $137 electricity line above.
See the full climate breakdown for Traill County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Traill County
Full Traill County cost breakdown · Every county in North Dakota
Talk to someone who works this market
These are Hillsboro averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Hillsboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hillsboro I already own here and may sell
Common questions
How much does it cost to own a home in Hillsboro?
A $181,000 home in Hillsboro, North Dakota costs approximately $1,593 per month with 20% down at 7.24%. That is $987 principal and interest, $173 property tax, $78 homeowners insurance, $205 utilities and $151 set aside for maintenance.
What is the property tax rate in Hillsboro?
Hillsboro has an effective property tax rate of 1.145%, based on a median home value of $180,800 and median real estate taxes of $2,071. That is higher than the Traill County average of 1.045%.
What is the average home price in Hillsboro?
The median owner-occupied home value in Hillsboro, North Dakota is $180,800, against $193,200 across Traill County.
Is it cheaper to rent or buy in Hillsboro?
Median gross rent in Hillsboro is $645 a month, against $1,593 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Hillsboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hillsboro, North Dakota at today's rate takes a household income of roughly $68,500 a year. That covers the full $1,593 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hillsboro, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for North Dakota.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.