All Countries
Hillsborough, NJ
Full City Profile · New Jersey · Somerset County County
4.0
/5.0
A
Great
22,302
Population
2,788/sq mi density
$142,275
Median Income
$68,218 per capita
$411,400
Home Value
$532,498 Zillow
$1,898
Median Rent
27.6% income on rent
51°F
Avg Temperature
275 sunny days/yr
50
Violent Crime/100K
1,929 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.8 / 5.0
$142,275 median income, 3.2% unemployment
A+
Affordability
5.0 / 5.0
$411,400 home value, $1,898/mo rent
F
Safety
1.0 / 5.0
50 violent crimes/100K
A+
Education
5.0 / 5.0
58.3% bachelor's degree or higher
Housing Overview
Median Home Value
$411,400
46% above
US avg: $281,900
Median Rent
$1,898/mo
63% above
US avg: $1,163/mo
Homeownership Rate
82.3%
26% above US avg (65.4%)
Total Housing Units
9,051
Median year built: 1984
Home Value by Source
Census Median
$411,400
Zillow (ZHVI)
$532,498
Median Sale Price
$437,500
Median List Price
$537,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.3%
Owner-Occupied
17.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,898/mo
Market Indicators (Redfin)
Median Days on Market
43 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
12
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$317
Active Inventory
20
homes for sale
Affordability & Housing Stock
Rent Burden
27.6%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
82.3%
Complete Housing Data
Home Values
| Census Median Value | $411,400 |
| Zillow Home Value (ZHVI) | $532,498 |
| Median Sale Price | $437,500 |
| Median List Price | $537,000 |
| Price Per Sq Ft | $317 |
Rent
| Census Median Rent | $1,898 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 43 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 12 |
| Active Inventory | 20 |
| Price Per Sq Ft | $317 |
Ownership & Stock
| Owner-Occupied | 82.3% |
| Renter-Occupied | 17.7% |
| Homeownership Rate | 82.3% |
| Total Housing Units | 9,051 |
| Median Year Built | 1984 |
| Rent Burden | 27.6% |