Hopkinton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hopkinton, MA Real Estate Data


Hopkinton Housing Market Information

With 16,674 people, 5,219 houses or apartments, and a median cost of homes of $601,711, 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.

Hopkinton is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hopkinton than is found in 98% of the communities in America.

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 85.17% of Hopkinton's homes, and 69.12% 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 1940-1969 ( 16.61%). A lesser amount of the housing stock also hails from before 1939 ( 15.95%). There's also some housing in Hopkinton built between 2000 and later ( 14.82%).

Hopkinton Home Appreciation Rates

Appreciation rates for homes in Hopkinton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.49%, which ranks in the top 50% nationwide. This equates to an annual average Hopkinton house appreciation rate of 0.54%.

Appreciation rates are so strong in Hopkinton that despite a nationwide downturn in the housing market, Hopkinton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hopkinton appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hopkinton. Hopkinton appreciation rates in the latest quarter were at 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to Massachusetts, our data show that Hopkinton's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$601,711

Hopkinton, MA HOME PRICES

Value Range
> $1,191,000 4.1
$893,001 - $1,191,000 11.5
$595,001 - $893,000 35.7
$476,001 - $595,000 13.6
$357,001 - $476,000 19.5
$238,001 - $357,000 10.0
$119,001 - $238,000 3.7
$59,001 - $119,000 0.0
$0 - $59,000 1.9

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
4.06980148738069 15.0641025641026

Number Of Homes And Apartments:
5,219

Rent & Ownership

 

Average Market Rent:
$1,596 / per month

Homeownership Rate

Homeownership
Owners 85.17
Renters 14.83
Vacant 4.76

Housing Market Details

 

Age of Homes

AGE OF Hopkinton HOMES
2000 or Newer 14.8
1970 - 1999 52.6
1940 - 1969 16.6
1939 or Older 15.9

Types of Homes

TYPE OF Hopkinton HOMES
Single-Family 83.3
Townhomes 8.2
Small Apt. Buildings 4.6
Apt. Complexes 3.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hopkinton HOMES
No Bedroom 0.24
1 Bedroom 7.30
2 Bedrooms 16.90
3 Bedrooms 25.42
4 Bedrooms 43.70
5 or more bedrooms 6.44

Hopkinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.35% 2.31% 5 6
* 10 is highest