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Hopedale

Learn about the people, housing, costs and businesses in Hopedale, Massachusetts

Median Home$466,100
Median Rent$1,788/month
Population3,945
Leading IndustriesRetail · Finance & Insurance · Education21% retail
Home Value Growth+9.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners80% of occupied units
NotableTransit90/100 · excellent transit access
NotableHigh Incomes$116k/year · top 10% nationally
Hopedale
MA

Frequently Asked Questions

What are today's mortgage rates in Hopedale?

As of today, the 30-year fixed mortgage rate for Hopedale is approximately 6.939% (6.977% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hopedale?

The median home value in Hopedale is $466k. The median monthly rent is $1,788. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hopedale?

Home values in Hopedale have increased 9.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hopedale?

Based on a typical all-in ownership cost of $2,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hopedale is $116k/year.

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What industries drive the economy in Hopedale?

The largest employment sectors in Hopedale are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.