Hopkinton, MA
Maps & Population Facts
Population
16,720
Population Density
638
Labor Participaton
71.5%
Bachelor's or Higher
68.2%
Median Household Income
$151,357
Median Individual Income
$73,004
Median Individual Income(Full-time Workers Only)
$96,900
Housing Estimates
Median House Value
$551,400
Median Gross Rent
$1,675
Median Mortgage Payment
$2,936
Housing Units
5,927
People who reside in Hopkinton live in:
Detached - Single Family Homes
83%
Apt, Condo, Other
17%
Analysis
Income
Households in Hopkinton earn significantly more money than the national median income, averaging 1.51% higher per household.
Housing
Hopkinton has a median house price of $551,400, which makes it one of the most expensive places in the United States to own property. The cost of renting in Hopkinton is 66% more than the national average.
| Percent | |
|---|---|
| Renter Occupied Households | 38% |
| New Construction (Built after 2000) | 20% |
Demographics
The median age in Hopkinton is 41. Hopkinton has a population that is older than in comparison to the US median age.
Hopkinton ranks in the highest of the nation for having an educated population with more college graduates per resident than most areas.
Housing Data
Housing Comparison
| Hopkinton | Massachusetts | USA | |
| Median Property Value | 551,400 | 385,400 | 217,600 |
| Median Mortgage Payment | 2,936 | 2,108 | 1,513 |
| Median Gross Rent | 1,675 | 1,208 | 1,012 |
| Property Vacancy | 5.3% | 10.0% | 12.6% |
| % Renters | 14% | 38% | 36% |
| Residents per Sq. Mi. | 638 | 885 | 93 |
Personal Comparison
| Hopkinton | Massachusetts | USA | |
| Median Household Income | 151,357 | 77,385 | 60,336 |
| Median Individual Income | 73,004 | 41,700 | 33,646 |
| Median Income (Full-Time) | 96,900 | 60,923 | 46,881 |
| Median Age | 40.8 | 39.5 | 38.1 |
| Labor Participation | 71.5% | 67.8% | 62.8% |
| Attained College Degree | 68.2% | 43.4% | 32.0% |
Population Density Analysis
Hopkinton, MA
638
Residents per Sq. Mile
The population density of Hopkinton is comparable to that of a Suburban Area.
Major City
10,000 Residents +
Mid-Sized City
5,000 Residents +
Small City
2,500 Residents +
Suburban
500 Residents +
Rural
100 Residents +
Remote
1 Residents +