Hopkinton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hopkinton Neighborhoods Since 2000




Hopkinton, MA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hopkinton Housing Market Information

With 16,674 people, 5,422 houses or apartments, and a median cost of homes of $576,985, 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 86.25% of Hopkinton's homes, and 68.97% 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 before 1939 ( 16.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.25%). There's also some housing in Hopkinton built between 2000 and later ( 14.51%).

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 5.00%, which ranks in the top 40% nationwide. This equates to an annual average Hopkinton house appreciation rate of 0.49%.

NeighborhoodScout's data show that during the latest twelve months, Hopkinton's appreciation rate, at 3.25%, has been at or slightly above the national average. In the latest quarter, Hopkinton's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Hopkinton's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$576,985

Hopkinton, MA HOME PRICES

Value Range
> $1,133,000 4.8
$850,001 - $1,133,000 12.9
$567,001 - $850,000 35.9
$453,001 - $567,000 12.5
$340,001 - $453,000 19.6
$227,001 - $340,000 8.6
$113,001 - $227,000 3.6
$57,001 - $113,000 0.2
$0 - $57,000 1.9

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
4.25407242470409 16.3461538461538

Number Of Homes And Apartments:
5,422

Hopkinton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.21% 2.10% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,206 / per month

Homeownership Rate

Homeownership
Owners 86.25
Renters 13.75
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF Hopkinton HOMES
2000 or Newer 14.5
1970 - 1999 54.1
1940 - 1969 15.3
1939 or Older 16.2

Types of Homes

TYPE OF Hopkinton HOMES
Single-Family 84.1
Townhomes 6.8
Small Apt. Buildings 5.0
Apt. Complexes 4.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hopkinton HOMES
No Bedroom 0.21
1 Bedroom 6.02
2 Bedrooms 18.53
3 Bedrooms 23.85
4 Bedrooms 45.12
5 or more bedrooms 6.27