Hopedale, MA 01747 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hopedale, MA—01747

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$516,000

0.3% YoY Growth

Household Income

$115,000

7.1% YoY Growth

Days on Market

304.0% Longer YoY

Home Price Forecast

2.9%

Median Rent

$2,300

17.2% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,800

2.8% YoY Growth

3-Bed Rent

$2,300

N/A

Home Price Trends — Hopedale, MA

As of Dec '25, the median home price in Hopedale, MA is $516,000, with a year-over-year change of 0.3%. This indicates that home prices in Hopedale, MA are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$516,000	0.3%
Single Family	$576,000	0.5%
Condos	$400,000	1.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

9.3%

1 Bedroom

32.5%

2 Bedrooms

7.3%

3 Bedrooms

41.9%

4 Bedrooms

5.8%

5+ Bedrooms

3.2%

Property Listings — Hopedale, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Hopedale, MA is 97. This is a increase of 93.0% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$763,000	11.0%
Listing Count	6	90.0%
Listings as % of Homes	0.2%	90.0%
Days on Market	98	304.0%

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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%

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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%

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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%

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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

Hopedale, MA—01747

Key Metrics at a Glance

Home Price Trends — Hopedale, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopedale, MA

% of Rental Stock

Property Listings — Hopedale, MA

Demographics — Hopedale, MA

Race and Ethnicity

Mortgage and Risk — Hopedale, MA

Mortgages

Rentals and Section 8 — Hopedale, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopedale, MA

Home Price to Income Ratio

Hopedale, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Mendon, MA

Milford, MA

Bellingham, MA

Blackstone, MA

Upton, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$516,000
Median Household Income	$115,000

Hopedale, MA—01747

Key Metrics at a Glance

Home Price Trends — Hopedale, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hopedale, MA

% of Rental Stock

Property Listings — Hopedale, MA

Demographics — Hopedale, MA

Race and Ethnicity

Mortgage and Risk — Hopedale, MA

Mortgages

Rentals and Section 8 — Hopedale, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Hopedale, MA

Home Price to Income Ratio

Hopedale, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Mendon, MA

Milford, MA

Bellingham, MA

Blackstone, MA

Upton, MA

Frequently Asked Questions

What is the average home price in Hopedale, MA 01747?

How have home prices in Hopedale, MA 01747 changed over the past year?

What is the home price projection for Hopedale, MA 01747?

What are the demographics of Hopedale, MA 01747?

How long does it take homes to sell in Hopedale, MA 01747?

What is the average rent price in Hopedale, MA 01747?