Hillsborough, NC

City

Rent in Hillsborough

Median Gross Rent

$1,368

Rent-to-Income Ratio

30.9%

Renter Share

36.2%

Median Renter Income

$46,121

Avg Household Size

1.6

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $858
2 Bedrooms: $1,255
3 Bedrooms: $1,742

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 33.5%
$1,000-$1,500: 20.3%
$1,500-$2,000: 28.9%
$2,000-$2,500: 8.3%
$2,500+: 3.1%
No Cash Rent: 5.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 22.4%
20-30% (moderate): 22.1%
30-50% (cost-burdened): 24.8%
50%+ (severely cost-burdened): 24.8%
Not Computed: 5.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $139,214
Renter Households: $46,121

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 37.8%
$1,000-$1,500: 28.4%
$1,500-$2,000: 21.0%
$2,000-$2,500: 3.8%
$2,500+: 3.1%
No Cash Rent: 5.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Hillsborough

Neighborhood

Orange, NC

Fiori Hill / Dimmocks Mill

Oakdale Farms / Cornwallis Hills

Stagecoach Run / Windy Hill Farm

Seven Mills Farms / Buckhorn

Perry Hills / Stagecoach Forest

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources