Hopkins, MN 55343 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hopkins, MN—55343

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$353,000

2.7% YoY Growth

Household Income

$82,400

32.7% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

-1.6%

Median Rent

$1,480

3.6% YoY Growth

1-Bed Rent

$1,280

8.9% YoY Growth

2-Bed Rent

$1,600

4.1% YoY Growth

3-Bed Rent

$2,380

10.7% YoY Growth

Home Price Trends — Hopkins, MN

As of May '26, the median home price in Hopkins, MN is $353,000, with a year-over-year change of 2.7%. This indicates that home prices in Hopkins, MN are increasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$353,000	2.7%
Single Family	$399,000	2.8%
Condos	$151,000	-4.4%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hopkins, MN

As of July '25, Rentcast reports the average rent in Hopkins, MN is $1,710, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Hopkins, MN is studios: $1,280, 1-bedrooms: $1,350, 2-bedrooms: $1,760, 3-bedrooms: $2,480, 4-bedrooms: $3,140. The most common rental property sizes in Hopkins, MN are 2-bedroom and 1-bedroom, accounting for 43.2% and 39.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,480	$1,710
Studio Rent	$1,300	$1,280
1 Bed Rent	$1,280	$1,350
2 Bed Rent	$1,600	$1,760
3 Bed Rent	$2,380	$2,480
4 Bed Rent	$2,900	$3,140

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% of Rental Stock

Studio

8.4%

1 Bedroom

39.9%

2 Bedrooms

43.2%

3 Bedrooms

6.5%

4 Bedrooms

1.6%

5+ Bedrooms

0.5%

Property Listings — Hopkins, MN

As of May '26, Realtor.com reports that the median days on market for a home in Hopkins, MN is 31. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$300,000	17.0%
Listing Count	104	-3.0%
Listings as % of Homes	0.3%	-3.0%
Days on Market	31	-10.0%

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Demographics — Hopkins, MN

As of the latest ACS Survey released in 2023, Hopkins, MN has a population of 26,500, which has increased by 5.1% over the past 5 years. Hopkins, MN is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 51.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,500	5.1%
% Under 18	18.7%	-7.0%
% Seniors	18.3%	26.2%
% WFH	20.7%	370.5%
% w/ College Degree	51.7%	12.4%

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As of the latest ACS Survey released in 2023, Hopkins, MN is a predominantly white area, with 66.4% of the population identifying as white. The white population has grown by 4.4% in the last 5 years. The second most common race or ethnicity in Hopkins, MN is black, making up 16.6% of the population. Foreign-born residents account for 11.8% of the population in Hopkins, MN, and this percentage has decreased by 34.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	66.4%	4.4%
% Black	16.6%	-7.8%
% Hispanic	4.2%	-43.2%
% Asian	4.2%	-47.5%
% Foreign Born	11.8%	-34.8%

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Mortgage and Risk — Hopkins, MN

According to HUD data as of 2023, there were 327 mortgage originations in Hopkins, MN, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Hopkins, MN. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	327
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	4.0%

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Rentals and Section 8 — Hopkins, MN

As of 2024, the percent of homes in Hopkins, MN under the Section 8 program is 9.2%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hopkins, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	803
Total Units Section 8	689
% Rentals under Section 8	9.2%
% Occupied Section 8	94.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$140	$1,280	$1,420
2 Bedroom	$130	$1,600	$1,730
3 Bedroom	-$80	$2,380	$2,300
4 Bedroom	-$320	$2,900	$2,580

Hopkins, MN—55343

Key Metrics at a Glance

Home Price Trends — Hopkins, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopkins, MN

% of Rental Stock

Property Listings — Hopkins, MN

Demographics — Hopkins, MN

Race and Ethnicity

Mortgage and Risk — Hopkins, MN

Mortgages

Rentals and Section 8 — Hopkins, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopkins, MN

Home Price to Income Ratio

Hopkins, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Edina, MN

Minnetonka, MN

Eden Prairie, MN

St. Louis Park, Saint Louis Park, MN

Edina, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$353,000
Median Household Income	$82,400

Hopkins, MN—55343

Key Metrics at a Glance

Home Price Trends — Hopkins, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopkins, MN

% of Rental Stock

Property Listings — Hopkins, MN

Demographics — Hopkins, MN

Race and Ethnicity

Mortgage and Risk — Hopkins, MN

Mortgages

Rentals and Section 8 — Hopkins, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopkins, MN

Home Price to Income Ratio

Hopkins, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Edina, MN

Minnetonka, MN

Eden Prairie, MN

St. Louis Park, Saint Louis Park, MN

Edina, MN

Frequently Asked Questions

What is the average home price in Hopkins, MN 55343?

How have home prices in Hopkins, MN 55343 changed over the past year?

What is the home price projection for Hopkins, MN 55343?

What are the demographics of Hopkins, MN 55343?

How long does it take homes to sell in Hopkins, MN 55343?

What is the average rent price in Hopkins, MN 55343?