Total monthly cost of ownership
Cost to Own a Home in Hillsboro, Oregon
A $483,000 home here costs
$3,517per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,483. The real number is $1,034 higher every month — 42% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Hillsboro against Washington County and Oregon
| Measure | Hillsboro | Washington County |
|---|---|---|
| Median home value | $483,400 | $558,500 |
| Median property tax | $4,170 | $4,852 |
| Effective tax rate | 0.863% | 0.869% |
| Median gross rent | $1,896 | $1,773 |
| Population | 107,050 | 600,266 |
The weather behind that power bill
Hillsboro sits in Washington County, which averages a high of 82.2°F in its hottest month and a low of 32.6°F in its coldest, with 46.72" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 347 cooling and 5,027 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Oregon
Common questions
How much does it cost to own a home in Hillsboro?
A $483,000 home in Hillsboro, Oregon costs approximately $3,517 per month with 20% down at 6.66%. That is $2,483 principal and interest, $347 property tax, $70 homeowners insurance, $214 utilities and $403 set aside for maintenance.
What is the property tax rate in Hillsboro?
Hillsboro has an effective property tax rate of 0.863%, based on a median home value of $483,400 and median real estate taxes of $4,170. That is in line with the Washington County average of 0.869%.
What is the average home price in Hillsboro?
The median owner-occupied home value in Hillsboro, Oregon is $483,400, against $558,500 across Washington County.
Is it cheaper to rent or buy in Hillsboro?
Median gross rent in Hillsboro is $1,896 a month, against $3,517 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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 Oregon.
- 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.