At $2,842/mo, rent takes about 17% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,842 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Hopkinton changed +3.0% over the year to September 2026. Across the 89 Massachusetts cities Zillow tracks, the typical change was +2.8%.
Rent has risen 6 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($201,094) is $5,027 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,060).
Milford, 5 miles away, rents for 20% less ($2,281/mo), about $6,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Hopkinton. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Hopkinton, MA is majority owner-occupied, has a large share of families with children, has a median income above the national average, 67.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hopkinton, MA has changed in 5 years
Census figures show median household income at $201,094 today, compared with $149,677 five years earlier. Census counts show Hopkinton, MA losing about 141 residents over the five-year window, down 4.0% on net. The renter share has eased from 22.8% to 18.7%, with owner-occupied housing accounting for the remainder.
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Can you afford rent in Hopkinton on your salary?
At $2,842/mo, how Hopkinton rent compares to typical pay (30% rule).
Hopkinton rent by bedroom count
Median rent for each apartment size in Hopkinton. Click any size for full breakdown.
Tips for renters in Hopkinton
Last updated: October 17, 2026
The median rent in Hopkinton is $2,842/mo as of October 2026. A studio apartment averages $2,440/mo while a 2-bedroom runs $3,060/mo. One-bedroom apartments average $2,580/mo and 3-bedroom units go for $3,690/mo.
At 17% of local median household income ($201,094/yr), Hopkinton ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
How much income do you need to rent in Hopkinton?
Is rent going up or down in Hopkinton?
How does Hopkinton rent compare to other cities in Massachusetts?
Which nearby cities are cheaper to rent in than Hopkinton?
At $2,842/mo, rent takes ~17% of Hopkinton's median household income ($201,094/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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