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Hopkinton, RI—02832

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$498,000
3.4% YoY Growth
Household Income
$101,000
14.0% YoY Growth
Days on Market
38
34.0% Longer YoY
Home Price Forecast
1.2%
Median Rent
N/A
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Hopkinton, RI

0280402833
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hopkinton, RI

As of May '26, the median home price in Hopkinton, RI is $498,000, with a year-over-year change of 3.4%. This indicates that home prices in Hopkinton, RI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$498,0003.4%
Single Family $506,0003.5%
Condos $358,0002.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$391,0002.4%
    3 Bed
    		$526,0003.3%
    4 Bed
    		$606,0003.1%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    11.0%
    2 Bedrooms
    30.2%
    3 Bedrooms
    48.7%
    4 Bedrooms
    6.6%
    5+ Bedrooms
    3.5%

    Rental Trends — Hopkinton, RI

    Hopkinton, RI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    49.4%
    2 Bedrooms
    42.0%
    3 Bedrooms
    8.6%

    Property Listings — Hopkinton, RI

    As of May '26, Realtor.com reports that the median days on market for a home in Hopkinton, RI is 38. This is a increase of 34.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$754,00041.0%
    Listing Count
    		15-20.0%
    Listings as % of Homes0.6%-20.0%
    Days on Market
    		3834.0%
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    Demographics — Hopkinton, RI

    As of the latest ACS Survey released in 2023, Hopkinton, RI has a population of 4,950, which has increased by 14.6% over the past 5 years. Hopkinton, RI is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 35.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		4,95014.6%
    % Under 18
    		18.5%-7.5%
    % Seniors
    		17.6%-1.7%
    % WFH
    		10.5%600.0%
    % w/ College Degree
    		35.7%7.2%
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    As of the latest ACS Survey released in 2023, Hopkinton, RI is a predominantly white area, with 90.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Hopkinton, RI is hispanic, making up 5.5% of the population. Foreign-born residents account for 1.9% of the population in Hopkinton, RI, and this percentage has decreased by 45.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		90.4%-3.9%
    % Black
    		0.2%-71.4%
    % Hispanic
    		5.5%816.7%
    % Asian
    		1.0%-58.3%
    % Foreign Born
    		1.9%-45.7%
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    Mortgage and Risk — Hopkinton, RI

    According to HUD data as of 2023, there were 83 mortgage originations in Hopkinton, RI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Hopkinton, RI. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		83
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Hopkinton, RI

    Hopkinton, RI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		146
    Total Units Section 8
    		146
    % Rentals under Section 8
    		34.1%
    % Occupied Section 8
    		93.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,260
    2 BedroomN/AN/A$1,530
    3 BedroomN/AN/A$1,890
    4 BedroomN/AN/A$2,470

    Affordability — Hopkinton, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$498,000
    Median Household Income$101,000

    Hopkinton, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hopkinton, RI

    02833

    Richmond, RI

    02898

    Richmond, RI

    02894

    Richmond, RI

    02812

    Hopkinton, RI

    02804

    Frequently Asked Questions