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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Hopkinton, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hopkinton, MA Housing Market Trends

With 19,249 people, 6,674 houses or apartments, and a median cost of homes of $922,078, Hopkinton house prices are not only among the most expensive in Massachusetts, Hopkinton real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Hopkinton, accounting for 69.66% of the town's housing units. Other types of housing that are prevalent in Hopkinton include row houses and other attached homes ( 14.60%), large apartment complexes or high rise apartments ( 11.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hopkinton. Owner-occupied housing accounts for 86.61% of Hopkinton's homes, and 68.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hopkinton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hopkinton built between 2000 and later ( 31.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.63%). There's also some housing in Hopkinton built before 1939 ( 10.70%).

Hopkinton Home Appreciation Rates

Real estate appreciation rates in Hopkinton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hopkinton's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Hopkinton's appreciation rate has been 1.11%, which annualizes to a rate of 4.52%.

Relative to Massachusetts, our data show that Hopkinton's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.

Average Home Values

Median Home Value

$922,078

Hopkinton, MA Home Prices
> $1,289,000
$967,001 - $1,289,000
$644,001 - $967,000
$516,001 - $644,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
17.2%
17.2%
25.6%
25.6%
37.8%
37.8%
9.2%
9.2%
6.3%
6.3%
2.7%
2.7%
0.2%
0.2%
0.5%
0.5%
0.5%
0.5%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

6,674

Hopkinton Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,787 / per month

Homeownership Rate

Owners
Renters
86.6%
86.6%
13.4%
13.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.8%
4.8%
95.2%
95.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.9%
31.9%
44.8%
44.8%
12.6%
12.6%
10.7%
10.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.7%
69.7%
14.6%
14.6%
4.7%
4.7%
11.0%
11.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
9.1%
9.1%
19.1%
19.1%
28.4%
28.4%
40.0%
40.0%
3.4%
3.4%
0% 100.0%
% of Homes