Hillsborough North Carolina

Location

Patriot’s Pointe is located in Hillsborough, North Carolina, where Interstate 40 and I-85 converges.
Hillsborough, previously the State Capital of North Carolina, has tremendous barriers to entry due to its historic nature. Hillsborough acts as a bedding community for key Research Triangle hub’s Chapel Hill, the home of the University of North Carolina and University of North Carolina Healthcare, a major regional medical centre and Durham the home of Duke University.

Hillsborough is home to a new $250mm (500 jobs), University of North Carolina Healthcare Hospital and 2 Physician Building Facilities. Already an exceedingly stable rental market, Hillsborough is enjoying increasing pressures on rental rates from demand.

The concentration of medical and university jobs, is reflected income levels higher than the U.S. real (inflation adjusted) median household income of $51,939 in 2013.

Hillsborough

  • Population growth from 2010 to 2014: +4.9% in Hillsborough versus +4.3% for North Carolina 
  • Average daily traffic volume at the two main town exits (I-40 and I-85) totalled 102,000 vehicles per day in 2014 compared to 94,000 in 2010 
  • Median household income: $50,454 versus $45,906 for North Carolina 
  • Median Unemployment (June 2014): 4.8% versus 6.5% for North Carolina 
  • Median House or condo value in 2013: $192,251 versus $154,300 for North Carolina 
  • Mean travel time to work = 20 minutes (Durham / Chapel Hill within this drive time) 
Colleges near Hillsborough include
  • University North Carolina at Chapel Hill, 19 Km 
  • University North Carolina, enrolment of 24,946 
  • Duke University 22 Km, enrolment 14,652 
  • North Carolina Central University 22 km, enrolment 7,281