Real Estate Investing in Hopkinton, Rhode Island (02832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02832 (Hopkinton, RI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hopkinton, RI (02832)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 02832 Hopkinton
Investors eyeing 02832 need to respect the fundamentals at play. Home values of $505K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 02832 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Hopkinton have seen price recovery that 02832 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
Demographically, 02832 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Hopkinton's stable or hybrid ZIPs before stepping into 02832. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Hopkinton:
Property Strategy for 02832
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $384,210 | $1,650 | 3.1% | +7.5% | $192,105 |
| 3BR | $512,040 | $2,050 | 2.9% | +8.3% | $170,680 |
| 4BR | $580,449 | $2,260 | 2.8% | +8.3% | $145,112 |
Market Trends
Home Value History (with trend line)
📊 How Does 02832 Compare?
| Metric | 02832 | Hopkinton | Rhode Island |
|---|---|---|---|
| Home Value | $504,523 | $498,771 | $487,363 |
| 5-Year CAGR | 5.7% | 6.4% | 8.8% |
| Avg Rent | $1,485 | $1,577 | - |
| Cap Rate | 2.3% | 2.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02832 (Hopkinton, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $504,523 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 02832
Population: 4,950
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 02832
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the best play in Hopkinton, RI?
For Hopkinton, RI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are rental rates like in Hopkinton, RI?
Average rent in Hopkinton, RI is approximately $1,485/mo per month. Against $505K home values that yields a reasonable rent-to-price ratio.
What are vacancy rates like in Hopkinton, RI?
Hopkinton, RI sees elevated vacancy, which is reasonable relative to the broader RI rental market.
What is it like being a landlord in Hopkinton, RI?
RI law landlord-friendly for landlords, and Hopkinton inherits those rules. Investors should still review local ordinances for rental licensing.
Are tenants stable in Hopkinton, RI?
Working renters make up the core of the Hopkinton, RI tenant base. The pool is reasonable for investors targeting long-term holds.
You know 02832 now. You don’t know where it ranks.
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How 02832 ranks in Providence-Warwick, RI-MA
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