Hopkinton, RI—02804
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopkinton, RI
As of Nov '25, the median home price in Hopkinton, RI is $440,000, with a year-over-year change of 5.7%. This indicates that home prices in Hopkinton, RI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $440,000 | 5.7% |
| Single Family | $440,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | 3.6% |
3 Bed | $448,000 | 5.2% |
4 Bed | $495,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hopkinton, RI
Hopkinton, RI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,200 | $3,200 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hopkinton, RI
As of Nov '25, Realtor.com reports that the median days on market for a home in Hopkinton, RI is 20. This is a decrease of -45.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $524,000 | 18.0% |
Listing Count | 5 | -35.0% |
| Listings as % of Homes | 0.7% | -35.0% |
Days on Market | 20 | -45.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,660 | 32.8% |
% Under 18 | 21.2% | 28.5% |
% Seniors | 16.2% | -7.4% |
% WFH | 3.9% | -29.1% |
% w/ College Degree | 23.9% | -18.4% |
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
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.6% | -7.4% |
% Black | 0.8% | ∞% |
% Hispanic | 2.1% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -20.0% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,290 |
| 2 Bedroom | -$1,620 | $3,200 | $1,580 |
| 3 Bedroom | N/A | N/A | $1,980 |
| 4 Bedroom | N/A | N/A | $2,460 |
Affordability — Hopkinton, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $440,000 |
| Median Household Income | $101,000 |