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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Hopkinton, RI Housing Affordability Index

Hopkinton, Rhode Island has an MBR Housing Affordability Index score of 51.4 (Significantly Less Affordable) as of October 30, 2026, ranking 24th most affordable of 24 scored Rhode Island cities, compared with 81.2 statewide and 97.4 nationally. On a median-priced $273,400 home with 20% down, the Rhode Island average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $1,491, or 84% of the city’s $21,274 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Hopkinton is updated every night from live Rhode Island mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Hopkinton MBR-HAI 51.4 Significantly Less Affordable
Rank in Rhode Island 24 of 24 1 = most affordable
Rhode Island 81.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Rhode Island lenders
Median home value $273,400 U.S. Census Bureau

Hopkinton is 29.8 points below the Rhode Island score. Scores as of October 30, 2026. See the Rhode Island index

View Hopkinton Mortgage Rates

What It Takes to Buy in Hopkinton

$1,491/mo
Principal & Interest
Median home, 20% down, 7.24%
$63,900
Income Needed
To keep the payment at 28% of income
$21,274
Median Household Income
Rhode Island: $87,796
12.9x
Price-to-Income Ratio
Rhode Island: 4.6x
$1,515/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,842/yr
Median Property Tax
Rhode Island figure
30.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
33.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Hopkinton, Rhode Island. The rate is the Rhode Island average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Hopkinton Ranks in Rhode Island

Cities with similar scores
#21Harrisville71.1 #22Central Falls62.2 #23Newport59.7
#24Hopkinton51.4
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Cite the Hopkinton Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Hopkinton, Rhode Island score: 51.4 (Significantly Less Affordable), ranked 24 of 24 Rhode Island cities. monitorbankrates.com/housing-affordability-index/rhode-island/hopkinton”