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Hopedale, MA Profile: Facts & Data

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Hopedale, Massachusetts - Basic Facts

The Hopedale Census Designated Place had a population of 3,769 as of July 1, 2020.

The primary coordinate point for Hopedale is located at latitude 42.1307 and longitude -71.5412 in Worcester County. The formal boundaries for the Hopedale Census Designated Place encompass a land area of 1.73 sq. miles and a water area of 0 sq. miles. Worcester County is in the Eastern time zone (GMT -5). The elevation is 272 feet.

The Hopedale Census Designated Place (GNIS ID: 2378143) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Hopedale Census Designated Place is located within Town of Hopedale, a minor civil division (MCD) of Worcester County.


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Hopedale, MA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 3,769 (100%)
Population in Households 3,734 (99.1%)
Population in Families 3,135 (83.2%)
Population in Group Quarters1 35 ( 0.9%)
Population Density 2,181
Diversity Index2 19
 
 

INCOME

Median Household Income $93,350
Average Household Income $108,014
% of Income for Mortgage4 16%
Per Capita Income $41,882
Wealth Index5 132
 

HOUSING

Total HU (Housing Units) 1,549 (100%)
Owner Occupied HU 1,077 (69.5%)
Renter Occupied HU 396 (25.6%)
Vacant Housing Units 76 ( 4.9%)
Median Home Value $360,252
Average Home Value $420,543
Housing Affordability Index3 143
 

HOUSEHOLDS

Total Households 1,473
Average Household Size 2.53
Family Households 1,012
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.04% 0.02%
Households -0.05% -0.04%
Families -0.09% -0.08%
Median Household Income   1.83%
Per Capita Income   2.38%
Owner Occupied HU   0.26%

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Hopedale, MA - Peer Comparisons by Rank and Percentile

The table below compares Hopedale to the other 245 incorporated cities, towns and CDPs in Massachusetts by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 143 42nd
Population Density # 74 70th
Median Household Income # 79 68th
Housing Affordability Index # 210 86th
Per Capita Income # 125 49th
Diversity Index # 165 33rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Massachusetts Census Data Comparison Tool.

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