Hopkinton, MA
Population 3,142 · Massachusetts
About Hopkinton, MA
Hopkinton is a small town located in Massachusetts with a population of 3,142 residents according to the latest US Census Bureau American Community Survey data. The median household income is $173,750 per year, which is 131% above the national median of $75,149. The median age of 50.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Hopkinton features a median home value of $601,900, which is 146% above the national median of $244,900. This places Hopkinton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,053, 9% below the national average of $1,163/month. Of the 1,173 total housing units, 80% are owner-occupied (931 units) and 20% are renter-occupied (232 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hopkinton shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 3.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hopkinton have an average one-way commute time of 33.4 minutes.
Education & Demographics
66.8% of Hopkinton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.2% Hispanic or Latino, 1.0% Black or African American, and 0.5% Asian residents, with 7.7% of the population being foreign-born.
How Hopkinton Ranks in Massachusetts
Cost of Living in Hopkinton, MA
Compared to national averages, Hopkinton has a median household income of $173,750 (131% above the national median of $75,149). Home values average $601,900, which is 146% above the national median. Monthly rent at $1,053 is 9% below the US average of $1,163. Within Massachusetts, Hopkinton's income is 64% above the state average of $105,630, and home values are 7% above the state median of $561,296.
Why Live in Hopkinton, MA?
Hopkinton offers a strong local economy with a median household income of $173,750, well above the national average, and rent that’s lower than the national average at $1,053/month, and a well-educated community where 66.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.9%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $601,900. However, Hopkinton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hopkinton has a population of 3,142 with a median age of 50.2 years. Compare Hopkinton with other cities to see how it stacks up, or explore all cities in Massachusetts.
Similar Cities Near Hopkinton
Cities in Massachusetts with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ocean Grove | 3,099 | $97,109 | $337,800 | Compare |
| South Dennis | 3,190 | $86,500 | $454,400 | Compare |
| Cordaville | 3,076 | $161,023 | $730,600 | Compare |
| Monument Beach | 3,067 | $86,953 | $540,600 | Compare |
| Ayer | 3,012 | $81,286 | $417,300 | Compare |
| South Duxbury | 3,272 | $206,111 | $987,500 | Compare |
| Upton | 2,985 | $109,925 | $474,600 | Compare |
| Sandwich | 2,976 | $108,583 | $511,000 | 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 Hopkinton With Other Cities
Frequently Asked Questions about Hopkinton
What is the population of Hopkinton, MA?
The population of Hopkinton, MA is 3,142 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 Hopkinton?
The median household income in Hopkinton, MA is $173,750 per year, which is 131% above the national median of $75,149.
What is the median home value in Hopkinton?
The median home value in Hopkinton, MA is $601,900, which is 146% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hopkinton?
The median monthly rent in Hopkinton, MA is $1,053, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Hopkinton?
The unemployment rate in Hopkinton, MA is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Hopkinton, MA a good place to live?
Hopkinton offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,142 and a median age of 50.2, the city appeals to established professionals and retirees.
How educated is Hopkinton, MA?
66.8% of residents in Hopkinton 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 Hopkinton?
Key cost-of-living indicators for Hopkinton, MA: median home value is $601,900 (146% above national), median rent is $1,053/month, and median household income is $173,750. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hopkinton?
The poverty rate in Hopkinton, MA is 3.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hopkinton, MA?
Hopkinton's population is 0.0% White, 0.2% Hispanic or Latino, 1.0% Black or African American, 0.5% Asian, and 0.3% two or more races. 7.7% of residents are foreign-born.