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Hopkins Public

Learn about the people, housing, costs and businesses in Hopkins Public, Minnesota

Median Home$470,015
Median Rent$1,699/month
Population67,349
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education18% healthcare
Home Value Growth+6.9% over 2 years
Retirees22% of residentsslightly above average
Homeowners59% of occupied units
NotableHighly Educated37% bachelor's · 15% graduate · top 1% nationally
NotableHigh Incomes$111k/year · top 9% nationally
Hopkins Public
MN

Frequently Asked Questions

What are today's mortgage rates in Hopkins Public?

As of today, the 30-year fixed mortgage rate for Hopkins Public is approximately 6.891% (6.927% 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 Hopkins Public?

The median home value in Hopkins Public is $470k. The median monthly rent is $1,699. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hopkins Public?

Home values in Hopkins Public have increased 6.9% 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 Hopkins Public?

Based on a typical all-in ownership cost of $1,840/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hopkins Public is $111k/year.

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What industries drive the economy in Hopkins Public?

The largest employment sectors in Hopkins Public are public administration (22%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.