HomeNorth CarolinaOrange CountyHillsborough
Hillsborough, North Carolina: commercial real estate data.
Hillsborough is a Census town of 9,724 people across 5.76 square miles of land, in Orange County. Median household income is $98,163, 63.8 percent of occupied homes are owned, and the SBA record carries 15 7(a) approvals to borrowers here worth $5.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hillsborough
What Hillsborough is
- Census place typetown
- Land area5.76 sq mi
- Water area0.07 sq mi
- Population per square mile of land1,687
- County holding the largest share of its areaOrange 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
- Population9,724
- Median age42.5
- Population under 182,198
- Share under 1822.6 percent
- Population 65 and over1,728
- Share 65 and over17.8 percent
- Households4,146
- Family households2,512
- Share of households that are families60.6 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$98,163 plus or minus $25,635
- Per capita income$54,038
- Civilian labor force5,010
- Employed4,803
- Unemployed207 plus or minus 141
- Unemployment rate4.1 percent plus or minus 2.8
- Adults 25 and over7,108
- Adults 25 and over with a high school diploma or higher93.5 percent
- Adults 25 and over with a bachelor degree or higher61.4 percent
- Adults 25 and over with a graduate degree31.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
Housing in Hillsborough
- Housing units4,522
- Occupied units4,146
- Vacant units376 plus or minus 196
- Vacancy rate8.3 percent plus or minus 4.3
- Owner occupied2,644
- Renter occupied1,502 plus or minus 314
- Ownership rate63.8 percent
- Median owner-occupied home value$460,100
- Median gross rent, monthly$1,368
- Annual rent as a share of median income16.7 percent plus or minus 5.1
- Single family units3,541
- Share single family78.3 percent
- Units in buildings of two or more959 plus or minus 276
- Share in buildings of two or more21.2 percent plus or minus 5.9
- Mobile homes22 plus or minus 28
- Median year structure built2001
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 commute3,286
- Commuting under 15 minutes837 plus or minus 316
- Share commuting under 15 minutes25.5 percent plus or minus 9.1
- Commuting 30 minutes or more875 plus or minus 237
- Share commuting 30 minutes or more26.6 percent plus or minus 6.5
- Drove alone64.7 percent
- Carpooled3.8 percent plus or minus 2.2
- Public transport0.8 percent plus or minus 0.9
- Walked0.6 percent plus or minus 0.6
- Worked from home29.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hillsborough
SBA loans in Hillsborough (7(a))
- Approvals15
- Gross approval$5,630,500
- Average approval$375,367
- Median approval$238,000
- Largest approval$2,630,000
- Jobs supported105
- Jobs per approval7.0
- Loans with a final outcome3
- Paid in full2
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more6.7 percent
- Share to franchises13.3 percent
- Distinct lenders13
- Distinct industries by NAICS11
Counted by borrower city: approvals to borrowers whose address is in Hillsborough, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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)
- Approvals6
- Gross approval$4,564,000
- Average approval$760,667
- Median approval$807,500
- Largest approval$1,275,000
- Jobs supported93
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Hillsborough, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hillsborough
Flood risk in Hillsborough
- NFIP communityTown of Hillsborough
- NFIP community number370343
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/17/17
The Town of Hillsborough participates in the National Flood Insurance Program as community 370343 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Orange County, not Hillsborough
Orange County context, not Hillsborough figures
- Establishments in Orange County3,491
- Covered employment, Orange County78,431
- Average annual pay, Orange County$79,229
- Housing units permitted, Orange County375
Every figure in this section is published for Orange County as a whole and is not a measurement of Hillsborough.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Hillsborough questions, answered from the record.
How many people live in Hillsborough, North Carolina?
9,724, in 4,146 households. Hillsborough town covers 5.76 square miles of land, which is 1,687 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?
Orange 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?
$98,163. The median owner-occupied home is valued at $460,100. Median gross rent is $1,368 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?
15 7(a) approvals totaling $5.6 m since FY2020, across 13 lenders, median approval $238,000, plus 6 504 approvals worth $4.6 m since FY2010. 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?
No rate is published for Hillsborough. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Hillsborough in the National Flood Insurance Program?
Yes. Hillsborough appears in the FEMA Community Status Book as Hillsborough, town of, community 370343, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hillsborough figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Orange 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?
No. Nothing on this page presents parcel level zoning.
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