The Housing Market in Hilliard Today
Hilliard, a thriving suburb of Columbus, has seen steady growth in its housing market over the past decade. With a population nearing 40,000, Hilliard attracts residents with its strong school system, safe neighborhoods, and convenient access to downtown Columbus via I-270. Major employers like Amazon and BMW Financial Services have driven job growth and housing demand in recent years.
Compared to nearby Dublin and Upper Arlington, Hilliard offers more affordable housing options while still providing a high quality of life. The median home value in Hilliard is around $350,000 in 2025, about 20% lower than Dublin’s $430,000 median. This relative affordability, combined with Hilliard’s amenities and location, has made it an attractive choice for both young families and professionals working in the Columbus metro area.
As Hilliard continues to grow, the housing market has remained competitive but stable. While prices have appreciated steadily, they haven’t seen the same rapid acceleration as some other Columbus suburbs. This balance makes Hilliard an appealing option for those looking to enter the housing market or upgrade to a larger home without breaking the bank.
Renting in Hilliard: Typical Costs and Trends
For renters, Hilliard offers a range of apartments and single-family homes at various price points. As of 2025, a typical one-bedroom apartment in Hilliard rents for around $1,100-$1,300 per month, while a two-bedroom unit averages $1,400-$1,600. These prices are on par with the broader Columbus rental market but offer more space and amenities compared to downtown apartments.
Hilliard’s rental market attracts a mix of young professionals, families, and empty nesters looking for maintenance-free living. Neighborhoods like Landmark Lofts and Hilliard Grand offer modern apartment complexes with amenities like pools, fitness centers, and dog parks. For those seeking a more suburban feel, areas like Heritage Lakes and Hoffman Farms feature single-family rental homes with yards and garages.
Rental costs in Hilliard are influenced by proximity to major employers and highways. Apartments near the I-270 corridor or within walking distance of the Old Hilliard district tend to command higher rents due to their convenient locations. However, even in these prime areas, rent prices remain more affordable than in downtown Columbus or other nearby suburbs like Dublin.
Owning a Home in Hilliard: Prices, Taxes, and HOA Fees
For those looking to buy a home in Hilliard, the median home price hovers around $350,000 as of 2025. This price point offers a variety of options, from older ranch-style homes in established neighborhoods to newer builds with modern finishes. Hilliard’s property tax rate is around 2.2%, which translates to about $7,700 per year for a $350,000 home.
Many of Hilliard’s newer developments are governed by homeowners associations (HOAs), which charge monthly or annual fees to cover maintenance and amenities. HOA fees in Hilliard typically range from $200-$400 per month, depending on the community and services provided. These fees often include lawn care, snow removal, and access to neighborhood pools, parks, and clubhouses.
While HOA fees can add to the overall cost of homeownership, many residents find that the convenience and amenities they provide are worth the expense. However, it’s important to factor in these additional costs when budgeting for a home purchase in Hilliard.
Apartment vs House in Hilliard: Side-by-Side Costs
| Monthly Expense | Apartment (2BR) | House (3BR) |
|---|---|---|
| Rent/Mortgage Payment | $1,500 | $1,950 (based on $350,000 home price) |
| Property Tax | N/A (included in rent) | $642 (2.2% tax rate) |
| Utilities | $150 (lower due to smaller space) | $250 (higher usage for larger home) |
| Insurance | $20 (renters insurance) | $100 (homeowners insurance) |
| HOA Fees | N/A | $300 (typical for Hilliard) |
| Monthly Total | $1,670 | $3,242 |
Utility & Upkeep Differences
In addition to the base costs of renting or owning a home in Hilliard, it’s important to consider the differences in utility and maintenance expenses. Apartments typically have lower utility costs due to their smaller size and shared walls, which provide better insulation. Renters also benefit from having most maintenance tasks handled by the property management, such as appliance repairs and landscaping.
Homeowners, on the other hand, are responsible for all utilities and upkeep costs. Hilliard’s climate means that heating and cooling expenses can be significant, especially in older homes with less efficient systems. Homeowners must also budget for routine maintenance like gutter cleaning, HVAC tune-ups, and exterior painting. While these costs can add up, many homeowners feel that the pride of ownership and ability to build equity outweigh the additional expenses.
5-Year Rent vs Buy Outlook
When deciding whether to rent or buy a home in Hilliard, it’s helpful to consider the long-term costs. Over a five-year period, renting a two-bedroom apartment at $1,500 per month would cost a total of $90,000. In contrast, buying a $350,000 home with a 10% down payment and a 3.5% interest rate would result in monthly mortgage payments of around $1,950 (including taxes and insurance). Over five years, this would total $117,000 in payments, plus the $35,000 down payment, for a total of $152,000.
While buying a home requires a larger upfront investment and higher monthly costs, it also provides the opportunity to build equity. Assuming a modest 2% annual appreciation rate, a $350,000 home in Hilliard would be worth around $386,000 after five years. This means that the homeowner would have earned $36,000 in equity, offsetting a significant portion of their housing costs.
Of course, this example doesn’t account for the potential costs of home maintenance and repairs, which can be unpredictable. Renters have the advantage of more predictable monthly expenses and greater flexibility to move if their needs change. Ultimately, the decision to rent or buy in Hilliard depends on individual financial circumstances, long-term goals, and lifestyle preferences.
FAQs About Housing Costs in Hilliard
- How much are HOA fees in Hilliard?
HOA fees in Hilliard typically range from $200-$400 per month, depending on the community and amenities provided. - What is the property tax rate in Hilliard?
Hilliard’s property tax rate is around 2.2% of a home’s assessed value. - Is renting cheaper than buying long-term in Hilliard?
While renting may be cheaper in the short term, buying a home can be more cost-effective in the long run due to the potential for building equity and tax deductions. - Do houses have higher utility costs than apartments?
Yes, houses typically have higher utility costs than apartments due to their larger size and greater exposure to the elements. - What’s the monthly cost difference between apartments and houses in Hilliard?
On average, renting a two-bedroom apartment in Hilliard costs around $1,670 per month, while owning a three-bedroom home costs about $3,242 per month (including mortgage, taxes, insurance, and HOA fees).
Making Smart Housing Choices in Hilliard
When evaluating housing costs in Hilliard, it’s important to consider both the short-term and long-term implications of renting versus buying. While renting offers greater flexibility and lower upfront costs, buying a home can provide stability, tax benefits, and the potential for building wealth through equity. However, homeownership also comes with additional responsibilities and expenses, such as maintenance, repairs, and property taxes.
To make an informed decision, start by assessing your current financial situation and future goals. Consider factors like your income stability, savings, debt obligations, and how long you plan to stay in the area. It’s also helpful to explore different neighborhoods in Hilliard to find the best fit for your lifestyle and budget. Whether you’re drawn to the walkability of Old Hilliard, the amenities of newer developments, or the affordability of established neighborhoods, there are options to suit a variety of preferences.
As you weigh your options, don’t forget to factor in the overall cost of living in Hilliard, including expenses like transportation, groceries, and entertainment. While housing is typically the largest expense, understanding the full picture of what it costs to live comfortably in Hilliard can help you make a more informed choice. And if you’re planning a move, be sure to research the best moving options to fit your needs and budget.
By carefully considering the unique factors that shape Hilliard’s housing market and evaluating your own priorities and financial situation, you can make a smart housing choice that sets you up for long-term success and satisfaction in this thriving Columbus suburb.