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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 18,758, 6,304 total housing units (homes and apartments), and a median house value of $735,340, 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 74.87% of the town's housing units. Other types of housing that are prevalent in Hopkinton include row houses and other attached homes ( 10.47%), large apartment complexes or high rise apartments ( 9.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.53%).

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 82.58% of Hopkinton's homes, and 67.90% 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 ( 28.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.20%). There's also some housing in Hopkinton built before 1939 ( 12.57%).

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 49.87%, which ranks in the top 50% nationwide. This equates to an annual average Hopkinton house appreciation rate of 4.13%.

Over the last year, Hopkinton appreciation rates have trailed the rest of the nation. In the last twelve months, Hopkinton's appreciation rate has been 12.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hopkinton were at 5.31%, which equates to an annual appreciation rate of 23.00%.

Relative to Massachusetts, our data show that Hopkinton's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$735,340

Hopkinton, MA HOME PRICES

> $1,251,000
5.6%
5.6%
$938,001 - $1,251,000
15.4%
15.4%
$626,001 - $938,000
42.9%
42.9%
$500,001 - $626,000
19.1%
19.1%
$375,001 - $500,000
9.8%
9.8%
$250,001 - $375,000
4.9%
4.9%
$125,001 - $250,000
1.4%
1.4%
$63,001 - $125,000
0.4%
0.4%
$0 - $63,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,304

Hopkinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
83.96% 2.84%
2
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,470 / per month

Homeownership Rate

Owners
82.6%
82.6%
Renters
17.4%
17.4%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.1%
28.1%
1970 - 1999
44.1%
44.1%
1940 - 1969
15.2%
15.2%
1939 or Older
12.6%
12.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.9%
74.9%
Townhomes
10.5%
10.5%
Small Apt. Buildings
5.5%
5.5%
Apt. Complexes
9.1%
9.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
8.6%
8.6%
2 Bedrooms
18.1%
18.1%
3 Bedrooms
25.8%
25.8%
4 Bedrooms
42.1%
42.1%
5 or more bedrooms
5.5%
5.5%
0.0% 100.0%
% OF HOMES