Hopkinton Multi-Family Homes
Hopkinton, located in Middlesex County, is 26 miles west of Boston.
Neighborhoods
- The Hayden Row and Camp Bob White neighborhoods, with a median real estate price of $672,788, are among the 16.5-percent highest-priced neighborhoods in the state and 8.4-percent highest-priced neighborhoods in the country. The average rental price, at $2,619, is higher priced than 88.6-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes, apartment complexes, and high-rise apartments. Most housing units are owner-occupied and were built between 1970 and 1999 and before 1939. There is a low vacancy rate of 0.7-percent. The average commute time is between 15 and 30 minutes.
- The Woodville neighborhood, with a median real estate price of $587,883, is among the 25.0-percent highest-priced neighborhoods statewide and 11.5-percent highest-priced neighborhoods in the country. The average rental price, at $1,705, is higher 45.8-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and townhomes. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 5.7-percent. The average commute time is between 45 and 60 minutes.
- The Town Center neighborhood, with a median real estate price of $550,353, is among the 24.5-percent highest-priced neighborhoods in the state and 1.5-percent highest-priced neighborhoods in the country. The average rental price, at $1,856, is higher priced than 56.4-percent of neighborhoods statewide. The majority of the housing units are three- to four-bedroom single-family homes and studio to two-bedroom townhomes. Most housing units are owner-occupied and were built between 1970 and the present. There is a vacancy rate of 5.8-percent. The average commute time is between 45 to 60 minutes.
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This is a small town with 16,978 residents 92.95-percent of whom work in white-collar jobs with the fields of computers and math employing more residents than 95-percent of the cities across the country. The residents can be classified as urban sophisticates who read, travel, shop, dine at fine restaurants, and support the arts. With 66.8-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $60,782, and $143,192 was the median household income. While 7.93-percent telecommute, the average commute for the rest of the residents is 36 minutes. The MetroWest Regional Transit Authority provides bus service to surrounding cities. The MBTA bus service is available in nearby Framingham. MBTA commuter rail service is south of town. Amtrak service to Boston is in Framingham.
Of the 5,620 housing units, 84.2-percent are owner-occupied with a median home value of $587,883 and a vacancy rate of 3.4-percent. Since 2000, real estate values have appreciated 50.48-percent for an annual average of 2.30-percent. While 81.4-percent of the housing units are single-family homes, the housing units also include 8.6-percent townhomes, 5.5-percent small apartment buildings, and 4.5-percent apartment complexes. At 51.0-percent, most of the housing units were built between 1970 and 1999 with 17.5-precent built before 1939, 14.8-percent built between 1940 and 1969, and 16.7-percent built since 2000. The average rent is $1.856.
This city does have multi-family housing options. Our agents know the area and can guide you to properties in this city that will provide a good occupancy rate and a good return on your investment. Our large database will provide a lot of properties from which to choose in this city. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.
In this open market, our agents can help you create a marketing plan and set a price that reflects the market with room to negotiate. Our large database will provide access to more potential buyers. When you receive offers, our agent will be able to investigate the ability of potential buyers to close quickly. They can help you avoid buyers, who need to sell property before they can close. If their other property does not sell, they may default on the closing and cost you another potential buyer who may have bought other property. So let one of our agents help you sell your property quickly at a good price.
For the best results, contact us to buy or list a multi-family property in Hopkinton.
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