Market Overview
Home Prices in Hopkinton, IA
The median home value in Hopkinton, IA is $259,905 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hopkinton are priced37% below average.
Over the past five years, Hopkinton home values have risen by approximately26.6%, reflecting strong long-term appreciation in this market.
Price History
Hopkinton Home Price Trend
2020
$189,998
$190K
—
2021
$205,310
$205K
+8.1%
2022
$233,957
$234K
+14.0%
2023
$241,047
$241K
+3.0%
2024
$244,813
$245K
+1.6%
2025
$246,560
$247K
+0.7%
2026
$259,905
$260K
+5.4%
City Comparison
Hopkinton vs. National Median
🏠 Hopkinton
$259,905
National Median
$410,000
At $259,905, homes in Hopkinton cost 37% below the national median of $410,000. This makes Hopkinton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hopkinton?
20% Down Payment
$51,981
on $259,905
Monthly P&I
$1,356/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,722/mo
incl. taxes & insurance
Income Needed
$68,880
gross annual (30% rule)
10% Down Option
$25,991
+ PMI applies
Loan Amount (20% dn)
$207,924
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hopkinton, IA?
The median home value in Hopkinton is $259,905 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Hopkinton?
Over the past year, home values in Hopkinton have increased by 5.4%. Over five years, prices have risen approximately 26.6%.
How much do I need to earn to buy a home in Hopkinton?
To comfortably afford the median home price of $259,905 with a 20% down payment ($51,981) at today's rates (6.8%), you'd need a gross annual income of approximately $68,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Hopkinton compare to the national average home price?
The national median home value is approximately $410,000. At $259,905, homes in Hopkinton are 37% below the national average.