The story of this market
The typical home in ZIP 76645 sells for about $231,893, or $164 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 106 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,100 a month.
ZIP 76645
The Hillsboro 76645 housing market is currently experiencing a cooling phase with a median sale price of $231,893 and a year-over-year decline of 3%. Market activity has slowed, with homes staying on the market longer as buyers take a more deliberate approach. The area remains a more affordable alternative to the larger nearby metros, supported by a stable industrial employment base.
This ZIP fits family buyers and commuters looking for more affordable housing options compared to the nearby Dallas-Fort Worth metroplex, while offering a small-town atmosphere with industrial employment access.
Median prices moved down 3.0% year over year.
Homes spend a median of 106 days on market with 5.4 months of supply — a slower-moving market.
3% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.3% · poverty 13.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 76645, Hill County TX
Prevailing school quality is characterized by the Hillsboro Independent School District, which serves the area.
The area is subject to standard Texas climate risks, including severe weather and wind events, with insurance premiums reflecting regional hazard exposure.
Hillsboro benefits from its location at the I-35 corridor, supporting an industrial base that includes major manufacturing operations like IKO Southwest and Johns Manville.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Located at the I-35 split, the area serves as a regional hub roughly one hour from both Dallas and Fort Worth, making it a strategic location for commuters.
The area features access to the historic downtown square, local parks, and proximity to regional outdoor amenities in Hill County.
The rental market is characterized by steady demand with a two-bedroom fair market rent of $1,100, reflecting a 4.8% increase for FY 2027.
The local economy is anchored by industrial manufacturing along the I-35 corridor, with major employers including IKO Southwest and Johns Manville.
The area is primarily served by the I-35 highway corridor, providing critical connectivity to the Dallas-Fort Worth and Waco employment markets.
Development momentum is focused on industrial expansion along the I-35 corridor.
The Hill County Appraisal District manages property assessments for the jurisdiction.
Parcels are subject to taxation by Hill County, the City of Hillsboro, and the Hillsboro Independent School District.
Property insurance premiums are influenced by regional exposure to severe weather and wind events common in North Central Texas.
Data retrieved from US Census Bureau ZCTA 76645 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Features historic architecture and local businesses around the courthouse square.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.