Hopkinton, MA—01748
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopkinton, MA
As of Oct '25, the median home price in Hopkinton, MA is $935,000, with a year-over-year change of 1.6%. This indicates that home prices in Hopkinton, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $935,000 | 1.6% |
| Single Family | $975,000 | 0.2% |
| Condos | $846,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $755,000 | 4.9% |
3 Bed | $779,000 | 0.6% |
4 Bed | $1,139,000 | 0.3% |
| 5 Bed | $1,361,000 | 0.6% |
% of Housing Stock
Rental Trends — Hopkinton, MA
As of July '25, Rentcast reports the average rent in Hopkinton, MA is $3,520, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Hopkinton, MA is 1-bedrooms: $2,540, 2-bedrooms: $3,480, 3-bedrooms: $4,030, 4-bedrooms: $4,570. The most common rental property sizes in Hopkinton, MA are 1-bedroom and 2-bedroom, accounting for 41.1% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,540 | $3,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,480 | $2,540 |
| 2 Bed Rent | $3,540 | $3,480 |
| 3 Bed Rent | $3,900 | $4,030 |
| 4 Bed Rent | $4,500 | $4,570 |
% of Rental Stock
Property Listings — Hopkinton, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Hopkinton, MA is 56. This is a increase of 84.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | -7.0% |
Listing Count | 41 | 41.0% |
| Listings as % of Homes | 0.3% | 41.0% |
Days on Market | 56 | 84.0% |
Demographics — Hopkinton, MA
As of the latest ACS Survey released in 2023, Hopkinton, MA has a population of 19,000, which has increased by 10.9% over the past 5 years. Hopkinton, MA is a popular place for families, as children make up 28.9% of the population. The area has a highly educated workforce, with 75.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 10.9% |
% Under 18 | 28.9% | 7.4% |
% Seniors | 12.6% | 14.5% |
% WFH | 32.2% | 288.0% |
% w/ College Degree | 75.8% | 10.5% |
As of the latest ACS Survey released in 2023, Hopkinton, MA is a predominantly white area, with 72.1% of the population identifying as white. The white population has shrunk by 14.1% in the last 5 years. The second most common race or ethnicity in Hopkinton, MA is asian, making up 17.4% of the population. Foreign-born residents account for 17.3% of the population in Hopkinton, MA, and this percentage has increased by 66.3% 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 | 72.1% | -14.1% |
% Black | 0.7% | -61.1% |
% Hispanic | 3.2% | 23.1% |
% Asian | 17.4% | 79.4% |
% Foreign Born | 17.3% | 66.3% |
Mortgage and Risk — Hopkinton, MA
According to HUD data as of 2023, there were 417 mortgage originations in Hopkinton, MA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Hopkinton, MA. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 417 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hopkinton, MA
As of 2024, the percent of homes in Hopkinton, MA under the Section 8 program is 12.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Hopkinton, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 137 |
Total Units Section 8 | 137 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $2,480 | $2,580 |
| 2 Bedroom | -$480 | $3,540 | $3,060 |
| 3 Bedroom | -$210 | $3,900 | $3,690 |
| 4 Bedroom | -$440 | $4,500 | $4,060 |
Affordability — Hopkinton, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $935,000 |
| Median Household Income | $204,000 |