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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Hillsboro, VA Housing Affordability Index

Hillsboro, Virginia has an MBR Housing Affordability Index score of 67.1 (Significantly Less Affordable) as of October 30, 2026, ranking 343rd most affordable of 344 scored Virginia cities, compared with 94.8 statewide and 97.4 nationally. On a median-priced $631,900 home with 20% down, the Virginia average 30-year fixed rate of 7.33% means a monthly principal and interest payment of about $3,477, or 43% of the city’s $97,438 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Hillsboro is updated every night from live Virginia mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Hillsboro MBR-HAI 67.1 Significantly Less Affordable
Rank in Virginia 343 of 344 1 = most affordable
Virginia 94.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.33% Virginia lenders
Median home value $631,900 U.S. Census Bureau

Hillsboro is 27.7 points below the Virginia score. Scores as of October 30, 2026. See the Virginia index

View Hillsboro Mortgage Rates

What It Takes to Buy in Hillsboro

$3,477/mo
Principal & Interest
Median home, 20% down, 7.33%
$149,000
Income Needed
To keep the payment at 28% of income
$97,438
Median Household Income
Virginia: $93,170
6.5x
Price-to-Income Ratio
Virginia: 4.1x
$3,150/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,932/yr
Median Property Tax
0.78% of median value
71.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
46.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Hillsboro, Virginia. The rate is the Virginia average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Hillsboro Ranks in Virginia

Cities with similar scores
#340Blacksburg69.2 #341Middleburg68.4 #342Washington68.1
#343Hillsboro67.1
#344Flint Hill52.3
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Cite the Hillsboro Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Hillsboro, Virginia score: 67.1 (Significantly Less Affordable), ranked 343 of 344 Virginia cities. monitorbankrates.com/housing-affordability-index/virginia/hillsboro”