Hopkinton, RI—02832
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 $479,000, with a year-over-year change of 2.9%. This indicates that home prices in Hopkinton, RI are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $479,000 | 2.9% |
| Single Family | $486,000 | 3.0% |
| Condos | $353,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $381,000 | 1.6% |
3 Bed | $507,000 | 3.0% |
4 Bed | $578,000 | 2.1% |
| 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 | N/A | N/A |
| Studio 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 |
| 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 37. This is a decrease of -25.0% 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 | $527,000 | -14.0% |
Listing Count | 13 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 37 | -25.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,950 | 14.6% |
% Under 18 | 18.5% | -7.5% |
% Seniors | 17.6% | -1.7% |
% WFH | 10.5% | 600.0% |
% w/ College Degree | 35.7% | 7.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | N/A | N/A | $1,530 |
| 3 Bedroom | N/A | N/A | $1,890 |
| 4 Bedroom | N/A | N/A | $2,470 |
Affordability — Hopkinton, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $479,000 |
| Median Household Income | $101,000 |