CALCMONEY // HOME AFFORDABILITY // OR // HILLSBORO
How much house can you afford in Hillsboro? Based on local median home prices, current OR mortgage rates, and Hillsboro property tax data.
$452,000
$2,888/mo
$123,791/yr
$258,318
Monthly housing costs of $2,888 represent 43.1% of Hillsboro's median gross monthly income ($6,708/mo). At 43.1%, median-income buyers in Hillsboro are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $452,000 |
| Down Payment (20%) | $90,400 |
| Loan Amount | $361,600 |
| Monthly PI Payment | $2,357 |
| Monthly Property Tax | $343 |
| Monthly Insurance Est. | $188 |
| Total Monthly PITI | $2,888 |
| Housing Cost % of Income | 43.1% |
| Required Income (28% rule) | $123,791/yr |
| Max Affordable Home | $258,318 |
$15,820
$3,684/mo
Hillsboro Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $452,000 | Hillsboro city median |
| Down Payment (20%) | $90,400 | Conventional loan |
| Monthly PITI | $2,888 | 6.8% rate, 30yr fixed |
| Required Income (28% rule) | $123,791 | Annual gross |
| Max Affordable Home | $258,318 | Based on median income |
| FHA Down (3.5%) | $15,820 | Minimum FHA |
| Housing Cost % of Income | 43.1% | Median income: $80,500/yr |
| Property Tax Rate | 0.91% | $4,113/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Hillsboro is $452,000, with a local 30-year mortgage rate of 6.8%. A buyer putting 20% down carries a loan of $361,600, generating a monthly P&I payment of $2,357. Adding property taxes ($343/mo) and homeowners insurance ($188/mo) brings total monthly PITI to $2,888.
Hillsboro's property tax rate of 0.91% is near the national average, adding a standard increment to monthly housing costs. On the Hillsboro median home, that is $343/month, or $4,113 per year.
Oregon levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Hillsboro should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Hillsboro's median income of $80,500/year can afford up to $1,878/month in total housing costs. Based on Hillsboro's mortgage rate of 6.8% and property tax rate of 0.91%, that translates to a maximum affordable home price of approximately $258,318 with 20% down on a 30-year loan.
To afford the median Hillsboro home priced at $452,000, you need an annual gross income of approximately $123,791. Total monthly housing costs (principal and interest of $2,357, property taxes of $343, and insurance of $188) come to $2,888/month, which equals 28% of the required income.
At the median home price of $452,000 and median household income of $80,500, the total monthly housing cost of $2,888 represents 43.1% of gross monthly income. This is well above the standard 28% threshold, making Hillsboro a challenging market for buyers at median income.
A conventional 20% down payment on the median Hillsboro home of $452,000 is $90,400. An FHA loan requires just 3.5% down — $15,820 — but adds mortgage insurance of roughly $309/month, bringing total FHA payments to $3,684/month.