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City Report · MA

Hopkinton

Pop. 3,426·24th most expensive in Massachusetts·Hopkinton rents are up 10.2% over the past year
Median rent (all units)
$3,047/mo
Year-over-Year
+10.2%
Month-over-Month
-1.8%
vs US Median
+$1,085
Falling (Monthly)
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Most AffordableMost Expensive
Hopkinton · $3,047
More expensive than 91% of US cities · National median $1,962/mo
Affordability
18% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $3,047/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$122,000/yr
Local median income
$201,094/yr
Based on the 30%-of-income rule using Hopkinton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,440
1 BR
$2,580
2 BR
$3,060
3 BR
$3,690
4 BR+
$4,060
Fair Market Rent (HUD)
$3,060/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,047 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$36,564/yr
At $3,047/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.2% YoY, -1.8% MoM), not inventory.
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Demographics

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.

Population
3,426
Median income
$201,094
Median age
46.5
Renters
18.7%
Age distribution
26.3%
12.5%
36%
14.1%
Under 1826.3%
18–3412.5%
35–5436%
55–6411.2%
65+14.1%
Gender
45.2%
54.8%
Male45.2%
Female54.8%
Race & ethnicity
86.4%
White86.4%
Hispanic7%
Asian4.9%
Other1.3%
Education (25+)
15.3%
15.1%
67.5%
No HS diploma2.1%
HS diploma15.3%
Some college15.1%
Bachelor's+67.5%
Housing tenure
81.3%
18.7%
Owner81.3%
Renter18.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hopkinton, MA has changed in 5 years

Income
$149,677 → $201,094
up 34.4%
Population
3,567 → 3,426
down 4.0%
Renter share
22.8% → 18.7%
-4.1 pts
Bachelor's+
68.5% → 67.5%
-1.0 pts
Median age
42.8 → 46.5
+3.7 yrs

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.

Community

Discussions about Hopkinton

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View Hopkinton rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hopkinton on your salary?

At $3,047/mo, how Hopkinton rent compares to typical pay (30% rule).

By apartment size

Hopkinton rent by bedroom count

Median rent for each apartment size in Hopkinton. Click any size for full breakdown.

Local insights

Tips for renters in Hopkinton

About renting in Hopkinton, MA

Last updated: August 17, 2026

The median rent in Hopkinton is $3,047/mo as of August 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 18% of local median household income ($201,094/yr), Hopkinton ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.2% over the past year.

FAQ

Frequently asked questions

Is Hopkinton an affordable city for renters?

Hopkinton is considered very affordable for renters. At $3,047/mo, rent takes approximately 18% of the local median household income ($201,094/yr). The standard benchmark is 30%. Hopkinton falls comfortably within that range.

How much income do you need to rent in Hopkinton?

To keep rent at or below 30% of gross income, you would need to earn at least $122,000/year (~$59/hour full-time) to afford the median rent of $3,047/mo in Hopkinton. The local median household income is $201,094/yr, meaning the typical Hopkinton household meets that threshold.

Is rent going up or down in Hopkinton?

Rent in Hopkinton has increased 10.2% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Hopkinton rent compare to other cities in Massachusetts?

Hopkinton is one of the pricier cities in Massachusetts for rent, ranking #24 out of 112 tracked cities at $3,047/mo.

Which nearby cities are cheaper to rent in than Hopkinton?

Several nearby cities have lower median rents than Hopkinton ($3,047/mo): Framingham ($2,355/mo), Milford ($2,436/mo), Marlborough ($2,660/mo).

What percentage of Hopkinton residents rent vs. own?

According to Census data, approximately 18.7% of Hopkinton households are renters, while 81.3% are owner-occupied. Hopkinton leans toward homeownership, which can mean a smaller rental inventory.

How does Hopkinton rent compare to the national average?

Hopkinton's median rent of $3,047/mo is $1,085 (55%) above the US national median of $1,962/mo. Within Massachusetts, it ranks #24 out of 112 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $3,047/mo, rent takes ~18% of Hopkinton's median household income ($201,094/yr). The standard benchmark is 30%.

Hopkinton 18%Benchmark 30%
State income tax5%
Run the Hopkinton affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hopkinton, MA

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