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Top Reasons To Live In Hopkins, MN In 2024

Hopkins is located in Hennepin, Minnesota, with an estimated municipal population of 18,468 residents. All of the best foreclosed homes for sale in Hopkins are located in the following zip code areas on 55305 55343. The estimated population per square kilometer (.62 miles) in Hopkins is 1,752.

Cost Of Living In Hopkins, MN

So, about how much do homes cost in Hopkins? The most recent median value of resident-owned homes in Hopkins is 224,920. An estimated 34.9 percent of households in Hopkins own their homes, with an average family size of 3. The median household income in Hopkins is 56,390, with22.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hopkins, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Hopkins? If so, the average rent price paid by renters in Hopkins is 1,032, according to recent statistics.

Diversity And Demographics In Hopkins, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hopkins, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Hopkins is 34.2, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Hopkins is 41.3, with an average family size of 3.

The percentage of residents who report their race in Hopkins is as follows:

White 66.4%
Black / African American 19.1%
Asian 8.1%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.9%
Other 2%

Looking for family-friendly neighborhoods in and/or near Hopkins? Or maybe you are searching for 55+ active adult communities in and/or near Hopkins?

The percentage of residents who report their age in Hopkins is as follows:

Under 10 13.4%
Aged 10-19 7.3%
20s 19.8%
30s 18.9%
40s 10.3%
50s 12.3%
60s 8.3%
70s 4.9%
80+ 4.7%

Best Schools In Hopkins, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hopkins with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hopkins.

Pros And Cons Of Living In Hopkins, Minnesota

How do you know that living in -- or moving to -- Hopkins is right where you need to be? Perhaps you grew up in Hopkins or already live nearby; therefore, the decision to buy a home in Hopkins is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hopkins for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hopkins:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hopkins.

Reasons To Move To Hopkins, Minnesota, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hopkins can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hopkins, meanwhile, can field multiple offers from more qualified buyers.

Hopkins, MN Foreclosures


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