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  4. /Hopkinton, RI - 02804

Hopkinton, RI—02804

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$467,000
3.0% YoY Growth
Household Income
$101,000
1.3% YoY Growth
Days on Market
15
120.0% Longer YoY
Home Price Forecast
2.7%
Median Rent
$3,200
N/A
1-Bed Rent
N/A
N/A
2-Bed Rent
$3,200
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Hopkinton, RI

0283202833
  • 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 $467,000, with a year-over-year change of 3.0%. This indicates that home prices in Hopkinton, RI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$467,0003.0%
Single Family $468,0002.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$398,0002.6%
    3 Bed
    		$476,0002.6%
    4 Bed
    		$530,0002.3%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.4%
    2 Bedrooms
    20.2%
    3 Bedrooms
    66.6%
    4 Bedrooms
    11.8%

    Rental Trends — Hopkinton, RI

    Hopkinton, RI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$3,200$3,200
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $3,200$3,200
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    3 Bedrooms
    89.6%
    4 Bedrooms
    10.4%

    Property Listings — Hopkinton, RI

    As of May '26, Realtor.com reports that the median days on market for a home in Hopkinton, RI is 15. This is a increase of 120.0% 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
    		$585,000-16.0%
    Listing Count
    		8-38.0%
    Listings as % of Homes0.7%-38.0%
    Days on Market
    		15120.0%
    Loading chart...

    Demographics — Hopkinton, RI

    As of the latest ACS Survey released in 2023, Hopkinton, RI has a population of 2,660, which has increased by 32.8% over the past 5 years. Hopkinton, RI is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,66032.8%
    % Under 18
    		21.2%28.5%
    % Seniors
    		16.2%-7.4%
    % WFH
    		3.9%-29.1%
    % w/ College Degree
    		23.9%-18.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Hopkinton, RI is a predominantly white area, with 92.6% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Hopkinton, RI is hispanic, making up 2.1% of the population. Foreign-born residents account for 1.2% of the population in Hopkinton, RI, and this percentage has decreased by 20.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.6%-7.4%
    % Black
    		0.8%∞%
    % Hispanic
    		2.1%∞%
    % Asian
    		0.0%N/A
    % Foreign Born
    		1.2%-20.0%
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    Mortgage and Risk — Hopkinton, RI

    According to HUD data as of 2023, there were 87 mortgage originations in Hopkinton, RI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Hopkinton, RI. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		87
    % Conventional Loans
    		84.0%
    % Government Loans
    		16.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
    Loading chart...
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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
    		12
    Total Units Section 8
    		12
    % Rentals under Section 8
    		6.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,290
    2 Bedroom-$1,620$3,200$1,580
    3 BedroomN/AN/A$1,980
    4 BedroomN/AN/A$2,460

    Affordability — Hopkinton, RI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.8
    Median Home Price$467,000
    Median Household Income$101,000

    Hopkinton, RI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Bradford, RI

    02808

    Hopkinton, RI

    02833

    Richmond, RI

    02894

    Westerly, RI

    02891

    Hopkinton, RI

    02832

    Frequently Asked Questions