Hopedale, MA—01747
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopedale, MA
As of Oct '25, the median home price in Hopedale, MA is $522,000, with a year-over-year change of 0.5%. This indicates that home prices in Hopedale, MA are flat. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $522,000 | 0.5% |
| Single Family | $584,000 | 0.5% |
| Condos | $403,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | 1.5% |
3 Bed | $498,000 | 0.0% |
4 Bed | $676,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hopedale, MA
As of July '25, Rentcast reports the average rent in Hopedale, MA is $2,520, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Hopedale, MA is 2-bedrooms: $2,090, 3-bedrooms: $2,440, 4-bedrooms: $3,600. The most common rental property sizes in Hopedale, MA are 3-bedroom and 1-bedroom, accounting for 41.9% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $2,090 |
| 3 Bed Rent | $2,300 | $2,440 |
| 4 Bed Rent | $3,400 | $3,600 |
% of Rental Stock
Property Listings — Hopedale, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hopedale, MA is 33. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $666,000 | -2.0% |
Listing Count | 21 | 165.0% |
| Listings as % of Homes | 0.2% | 165.0% |
Days on Market | 33 | 59.0% |
Demographics — Hopedale, MA
As of the latest ACS Survey released in 2023, Hopedale, MA has a population of 6,020, which has increased by 1.2% over the past 5 years. Hopedale, MA is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 48.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,020 | 1.2% |
% Under 18 | 24.4% | 2.1% |
% Seniors | 19.2% | 15.0% |
% WFH | 15.5% | 158.3% |
% w/ College Degree | 48.4% | 5.2% |
As of the latest ACS Survey released in 2023, Hopedale, MA is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Hopedale, MA is hispanic, making up 5.0% of the population. Foreign-born residents account for 4.4% of the population in Hopedale, MA, and this percentage has increased by 120.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.7% | -5.6% |
% Black | 1.8% | 200.0% |
% Hispanic | 5.0% | 127.3% |
% Asian | 2.3% | 475.0% |
% Foreign Born | 4.4% | 120.0% |
Mortgage and Risk — Hopedale, MA
According to HUD data as of 2023, there were 99 mortgage originations in Hopedale, MA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hopedale, MA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hopedale, MA
Hopedale, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,640 |
| 2 Bedroom | $350 | $1,800 | $2,150 |
| 3 Bedroom | $710 | $2,300 | $3,010 |
| 4 Bedroom | $50 | $3,400 | $3,450 |
Affordability — Hopedale, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $522,000 |
| Median Household Income | $115,000 |