Market Overview
Home Prices in Hillsborough Township, NJ
The median home value in Hillsborough Township, NJ is $688,186 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hillsborough Township are priced68% above average. Hillsborough Township is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Hillsborough Township home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Hillsborough Township Home Price Trend
City Comparison
Hillsborough Township vs. National Median
At $688,186, homes in Hillsborough Township cost 68% above the national median of $410,000. Buyers in Hillsborough Township should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hillsborough Township?
20% Down Payment
$137,637
on $688,186
Monthly P&I
$3,589/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,558/mo
incl. taxes & insurance
Income Needed
$182,320
gross annual (30% rule)
10% Down Option
$68,819
+ PMI applies
Loan Amount (20% dn)
$550,549
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hillsborough Township, NJ?
The median home value in Hillsborough Township is $688,186 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Hillsborough Township?
Over the past year, home values in Hillsborough Township have increased by 1.5%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Hillsborough Township?
To comfortably afford the median home price of $688,186 with a 20% down payment ($137,637) at today's rates (6.8%), you'd need a gross annual income of approximately $182,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Hillsborough Township compare to the national average home price?
The national median home value is approximately $410,000. At $688,186, homes in Hillsborough Township are 68% above the national average.
What metro area is Hillsborough Township part of?
Hillsborough Township is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.