Commercial Real Estate Market in Hillsboro, ND
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 245 off-market properties in Hillsboro, ND.
Market Trends
Hillsboro, ND spans 209.8 square miles in Traill County, North Dakota. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hillsboro, ND runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Hillsboro, ND runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hillsboro, ND runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Hillsboro, ND runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 44.5%
- Commercial 12.3%
- Agricultural 10.7%
- Industrial 6.5%
- Open space 5.2%
Largest Zones share of zoned land by district
Residential
No Zoning
Agriculture
Commercial
Residential
Market overview
Demographics & Economy
Hillsboro, ND has 2,298 residents in 1,050 households. Density runs 11 people per square mile. Median household income here is $79,250 and median gross rent $646 a month.
2,298
Population
1,050
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
97%
High-School Grad
209.8 sq mi
ZIP Area
11
Density / Sq Mi
$79,250
Median Household Income
$49,549
Median Earnings
$646
Median Rent
$203,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Hillsboro market data come from?
Realmo compiles Hillsboro, ND figures from 4 active sale listings, 245 tracked off-market properties, the current Hillsboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Hillsboro, ND. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 846 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
