The story of this market
The typical home in Hopkins, Minnesota sells for about $375,600, or $205 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,468 a month.
Monthly price momentum
Home values since 2015
+1.5%
MN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Hopkins, Minnesota
The Hopkins housing market remains stable with steady demand and limited inventory, driving modest price appreciation. While affordability remains a factor for some, the city's strong community amenities and proximity to the Twin Cities continue to attract buyers and renters. Current market conditions reflect a balanced environment with consistent activity in both sales and rental sectors.
No ARED county foreclosure postings attributed to Hopkins yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 2.1% year over year.
Homes spend a median of 34 days on market with 2.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 12.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A central hub for arts and culture, offering galleries, performances, and classes that enrich the local community and attract visitors.
A popular recreational destination featuring swimming, picnic areas, and trails, serving as a key outdoor amenity for residents.
A historic and walkable downtown area with a variety of local shops, restaurants, and services that drive local economic activity.
Hopkins is well-suited for young professionals, families, and commuters who value a walkable, community-oriented environment with easy access to the Twin Cities. Its diverse housing stock and proximity to major employment centers make it an attractive option for those seeking a balance between suburban comfort and urban accessibility.
The city is served by the Hopkins Public Schools (ISD 270), which is recognized for its diverse student body and comprehensive academic programming. Schools in the district generally maintain stable performance ratings, with ongoing investments in facilities and curriculum to support student achievement.
The city is well-connected via major highway corridors and local transit services, facilitating efficient commutes to downtown Minneapolis and surrounding suburbs. Ongoing infrastructure investments continue to improve accessibility and transit options for residents.
Hopkins offers a robust amenity base featuring numerous parks, trails, and the popular Hopkins Center for the Arts. The city's downtown area provides a walkable environment with diverse dining and shopping options, serving as a central hub for community activity.
The rental market in Hopkins is characterized by steady demand, supported by a mix of multi-family developments and single-family rentals. Vacancy rates remain relatively low due to the city's central location, and rent trajectories have shown consistent growth in line with the broader Minneapolis metro area.
Hopkins features a diverse economy with a mix of retail, healthcare, and professional services. The city benefits from its strategic location within the Minneapolis-St. Paul metro area, supporting a stable employment base and ongoing commercial interest.
Hopkins benefits from its proximity to major employment hubs in the Twin Cities and ongoing redevelopment efforts in its downtown core. Infrastructure projects, including transit improvements, continue to enhance connectivity and support a mix of residential and commercial growth.
The city is actively engaged in long-term planning efforts, including the development of a new housing plan and various redevelopment projects aimed at revitalizing the downtown area and enhancing community infrastructure.
Parcels in Hopkins are subject to various special districts, including school, county, and municipal taxing authorities, which are integrated into the overall property tax structure.
Hopkins maintains a moderate crime profile consistent with inner-ring suburban Minneapolis, with property crime being the primary concern. Local law enforcement actively engages in community policing to mitigate trends, and crime rates generally track with regional averages for similar urban-suburban municipalities.
The city faces standard Midwestern climate risks, primarily related to severe summer storms and winter weather impacts. Flood risk is managed through local infrastructure and regional watershed management, and property insurance markets remain stable with standard coverage availability.
Property insurance in Hopkins is generally stable, with standard coverage options available for homeowners and businesses, reflecting the city's moderate risk profile.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and Census Reporter profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
County linkage populates as this city's member ZIP reports roster beneath it.
No ZIP intel reports rostered under this city yet — property dossiers roll up through the ZIP tier, so the chain populates as the county refreshes discover them.