This study explored factors related to depression in elderly patients who were treated for hip fractures prior to their discharge from the hospital. This study relied on secondary data gathered from a previous longitudinal prospective study that had recruited 146 elderly hip fracture patients treated at a medical center in northern Taiwan. Descriptive statistical analysis and logistic regression were employed on study data. Our study found that 56.8% of surveyed patients exhibited signs of depression prior to their discharge from the hospital. Predictors for depression included gender (female), lack of a viable support network, existence of pre-fracture cognitive impairment, a rotating / unstable place of residence, and existence of pre-fracture physical function impairment. Study findings can serve as a reference for health care providers to better understand the tendencies toward depression in elderly patients undergoing treatment for fractures. Health professionals should, in the course of their clinical practice, take a more proactive role to assess and manage depression-related problems in elderly patients admitted for hip fractures in order to achieve better long-term health care results.