HomeNew JerseySomerset CountyHillsborough CDP
Hillsborough CDP, New Jersey: commercial real estate data.
Hillsborough CDP is a Census CDP of 22,585 people across 8.00 square miles of land, in Somerset County. Median household income is $144,112, 79.9 percent of occupied homes are owned, and the SBA record carries 63 7(a) approvals to borrowers here worth $32.0 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Hillsborough
What Hillsborough is
- Census place typeCDP
- Land area8 sq mi
- Water area0.02 sq mi
- Population per square mile of land2,823
- County holding the largest share of its areaSomerset County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
How many people live in Hillsborough
- Population22,585
- Median age41.3
- Population under 184,686
- Share under 1820.7 percent
- Population 65 and over3,290
- Share 65 and over14.6 percent
- Households9,145
- Family households6,126
- Share of households that are families67.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
Income and work in Hillsborough
- Median household income$144,112
- Per capita income$69,767
- Civilian labor force14,180
- Employed13,624
- Unemployed556 plus or minus 155
- Unemployment rate3.9 percent plus or minus 1.1
- Adults 25 and over16,515
- Adults 25 and over with a high school diploma or higher95.6 percent
- Adults 25 and over with a bachelor degree or higher60.6 percent
- Adults 25 and over with a graduate degree27.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
Housing in Hillsborough
- Housing units9,206
- Occupied units9,145
- Vacant units61 plus or minus 59
- Vacancy rate0.7 percent plus or minus 0.6
- Owner occupied7,303
- Renter occupied1,842
- Ownership rate79.9 percent
- Median owner-occupied home value$435,700
- Median gross rent, monthly$1,986
- Annual rent as a share of median income16.5 percent
- Single family units6,737
- Share single family73.2 percent
- Units in buildings of two or more2,469
- Share in buildings of two or more26.8 percent
- Mobile homes0
- Median year structure built1985
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
How Hillsborough gets to work
- Workers 16 and over who commute9,978
- Commuting under 15 minutes2,008
- Share commuting under 15 minutes20.1 percent
- Commuting 30 minutes or more4,860
- Share commuting 30 minutes or more48.7 percent
- Drove alone67.9 percent
- Carpooled4.0 percent plus or minus 1.6
- Public transport1.4 percent plus or minus 0.8
- Walked0.6 percent plus or minus 0.6
- Worked from home25.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
SBA loans in Hillsborough (7(a))
- Approvals63
- Gross approval$32,020,500
- Average approval$508,262
- Median approval$170,000
- Ninetieth percentile approval$1,120,000
- Largest approval$5,000,000
- Jobs supported531
- Jobs per approval8.4
- Loans with a final outcome14
- Paid in full12
- Charged off2
- Charge-off rate over resolved loans14.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more11.1 percent
- Share to franchises11.1 percent
- Distinct lenders27
- Distinct industries by NAICS50
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hillsborough
SBA loans in Hillsborough (504)
- Approvals5
- Gross approval$2,919,000
- Average approval$583,800
- Median approval$467,000
- Largest approval$1,104,000
- Jobs supported38
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Somerset County, not Hillsborough
Somerset County context, not Hillsborough figures
These are Somerset County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hillsborough measurements.
- Establishments in Somerset County9,831
- Employment at those establishments, Somerset County188,127
- Covered employment, Somerset County190,468
- Average annual pay, Somerset County$106,418
- Average weekly wage, Somerset County$2,046
- Housing units permitted, Somerset County635
- Of those, single family, Somerset County320
- County product, 2024, Somerset County$54,494,111,000
- County product change over the prior year, Somerset County5.3 percent
- Average income of an arriving household, Somerset County$123,037
Every figure in this section is published for Somerset County as a whole and is not a measurement of Hillsborough. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Hillsborough questions, answered from the record.
How many people live in Hillsborough, New Jersey?
22,585, in 9,145 households. Hillsborough CDP covers 8.00 square miles of land, which is 2,823 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hillsborough in?
Somerset County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hillsborough?
$144,112. The median owner-occupied home is valued at $435,700. Median gross rent is $1,986 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hillsborough businesses?
63 7(a) approvals totalling $32.0 m, across 27 lenders, median approval $170,000, plus 5 504 approvals worth $2.9 m. These count approvals to borrowers whose address is in Hillsborough, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hillsborough borrowers get paid back?
Of the 14 loans that have reached a final outcome, 12 were paid in full and 2 charged off, a charge off rate of 14.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Hillsborough figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Somerset County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hillsborough.
Is zoning published for Hillsborough?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.