Real Estate Investing in Hopkinton, Rhode Island (02833)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 02833 (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.
- High price-to-rent: Price-to-rent ratio 27.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hopkinton, RI (02833)?
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Market Analysis: 02833 Hopkinton
Meanwhile, ZIP 02833 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $506K median. It rewards specialists, not generalists.
Rent of $1,557/mo on a $506K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 02833 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Hopkinton have seen price recovery that 02833 has not matched. Washington County data supports the view that the spread is structural rather than temporary.
The demographic picture in 02833 includes headwinds that any investor should price in. Income distribution skews lower than Hopkinton averages, and tenant stability requires active management.
The 02833 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hopkinton:
Market Trends
Home Value History (with trend line)
📊 How Does 02833 Compare?
| Metric | 02833 | Hopkinton | Rhode Island |
|---|---|---|---|
| Home Value | $506,032 | $498,771 | $487,363 |
| 5-Year CAGR | 6.2% | 6.4% | 8.8% |
| Avg Rent | $1,557 | $1,577 | - |
| Cap Rate | 2.4% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 02833 (Hopkinton, RI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $506,032 |
| Monthly Rent | $1,557 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (2.4%). 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 02833
Population: 662
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Do landlords face vacancy issues in Hopkinton, RI?
Occupancy in Hopkinton, RI runs stable with elevated vacancy. Well-priced units at $1,557/mo lease on reasonable timelines.
Which real estate strategy fits 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.
Does Hopkinton, RI make sense for an investment property?
Yes - Hopkinton, RI a 3.0/5 investability score. With $506K home prices against $1,557/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do home values compare in Hopkinton, RI?
The median home value in Hopkinton, RI is roughly $506K. That puts it reasonable relative to the RI statewide average.
What do landlords charge for rent in Hopkinton, RI?
Investors in Hopkinton, RI typically see rents near $1,557/mo per month against $506K home values - a solid setup for rental cash flow.
You know 02833 now. You don’t know where it ranks.
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How 02833 ranks in Providence-Warwick, RI-MA
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