Total monthly cost of ownership
Cost to Own a Home in Hillsboro, Texas
A $118,000 home here costs
$1,182per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $607. The real number is $576 higher every month — 95% 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 Hill County and Texas
| Measure | Hillsboro | Hill County |
|---|---|---|
| Median home value | $118,400 | $163,100 |
| Median property tax | $2,209 | $2,012 |
| Effective tax rate | 1.866% | 1.234% |
| Median gross rent | $948 | $929 |
| Population | 8,375 | 36,664 |
The weather behind that power bill
Hillsboro sits in Hill County, which averages a high of 97.0°F in its hottest month and a low of 33.9°F in its coldest, with 38.74" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,674 cooling and 2,257 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Hill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hill County
Common questions
How much does it cost to own a home in Hillsboro?
A $118,000 home in Hillsboro, Texas costs approximately $1,182 per month with 20% down at 6.66%. That is $607 principal and interest, $183 property tax, $78 homeowners insurance, $216 utilities and $98 set aside for maintenance.
What is the property tax rate in Hillsboro?
Hillsboro has an effective property tax rate of 1.866%, based on a median home value of $118,400 and median real estate taxes of $2,209. That is higher than the Hill County average of 1.234%.
What is the average home price in Hillsboro?
The median owner-occupied home value in Hillsboro, Texas is $118,400, against $163,100 across Hill County.
Is it cheaper to rent or buy in Hillsboro?
Median gross rent in Hillsboro is $948 a month, against $1,182 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 Texas.
- 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.