Hopedale, MA
Population 4,126 · Massachusetts
About Hopedale, MA
Hopedale is a small town located in Massachusetts with a population of 4,126 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,016 per year, which is 48% above the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hopedale features a median home value of $399,100, which is 63% above the national median of $244,900. This places Hopedale in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,844, 59% above the national average of $1,163/month. Of the 1,590 total housing units, 69% are owner-occupied (1,038 units) and 31% are renter-occupied (458 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hopedale shows an unemployment rate of 4.4%, which is near the national rate of 3.7%. The poverty rate stands at 5.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopedale have an average one-way commute time of 29.8 minutes.
Education & Demographics
43.4% of Hopedale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.5% White, 0.6% Hispanic or Latino, 0.9% Black or African American, and 2.4% Asian residents, with 4.5% of the population being foreign-born.
Cost of Living in Hopedale, MA
Compared to national averages, Hopedale has a median household income of $111,016 (48% above the national median of $75,149). Home values average $399,100, which is 63% above the national median. Monthly rent at $1,844 is 59% above the US average of $1,163. Within Massachusetts, Hopedale's income is 5% above the state average of $105,630, and home values are 29% below the state median of $561,296.
Why Live in Hopedale, MA?
Hopedale offers a strong local economy with a median household income of $111,016, well above the national average, and a well-educated community where 43.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $399,100. However, Hopedale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopedale has a population of 4,126 with a median age of 40.4 years. Compare Hopedale with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Hopedale
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Northwest Harwich | 4,205 | $89,063 | $596,800 | Compare |
| Westborough | 4,234 | $100,037 | $540,600 | Compare |
| Wilbraham | 4,247 | $88,409 | $361,600 | Compare |
| Falmouth | 3,996 | $68,267 | $745,900 | Compare |
| Sagamore | 3,958 | $132,000 | $562,600 | Compare |
| Turners Falls | 3,949 | $56,729 | $235,500 | Compare |
| North Pembroke | 3,924 | $177,703 | $521,400 | Compare |
| Williamstown | 4,352 | $82,917 | $436,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Massachusetts
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hopedale With Other Cities
Frequently Asked Questions about Hopedale
What is the population of Hopedale, MA?
The population of Hopedale, MA is 4,126 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Massachusetts.
What is the median household income in Hopedale?
The median household income in Hopedale, MA is $111,016 per year, which is 48% above the national median of $75,149.
What is the median home value in Hopedale?
The median home value in Hopedale, MA is $399,100, which is 63% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopedale?
The median monthly rent in Hopedale, MA is $1,844, which is 59% above the national average of $1,163/month.
What is the unemployment rate in Hopedale?
The unemployment rate in Hopedale, MA is 4.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hopedale, MA a good place to live?
Hopedale offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,126 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Hopedale, MA?
43.4% of residents in Hopedale aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hopedale?
Key cost-of-living indicators for Hopedale, MA: median home value is $399,100 (63% above national), median rent is $1,844/month, and median household income is $111,016. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Hopedale?
The poverty rate in Hopedale, MA is 5.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopedale, MA?
Hopedale's population is 1.5% White, 0.6% Hispanic or Latino, 0.9% Black or African American, 2.4% Asian, and 0.7% two or more races. 4.5% of residents are foreign-born.