HomeMassachusettsWorcester CountyHopedale CDP
Hopedale CDP, Massachusetts: commercial real estate data.
Hopedale CDP is a Census CDP of 4,360 people across 1.75 square miles of land, in Worcester County. Median household income is $107,909, 74.6 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $887,000.
76 sourced place values · tier FULL · 8 sections
Hopedale
What Hopedale is
- Census place typeCDP
- Land area1.75 sq mi
- Water area0 sq mi
- Population per square mile of land2,494
- County holding the largest share of its areaWorcester County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopedale
How many people live in Hopedale
- Population4,360
- Median age41.5
- Population under 181,015 plus or minus 392
- Share under 1823.3 percent plus or minus 8.7
- Population 65 and over915 plus or minus 246
- Share 65 and over21.0 percent plus or minus 5.2
- Households1,585
- Family households1,095
- Share of households that are families69.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopedale
Income and work in Hopedale
- Median household income$107,909
- Per capita income$53,363
- Civilian labor force2,389
- Employed2,335
- Unemployed54 plus or minus 39
- Unemployment rate2.3 percent plus or minus 1.6
- Adults 25 and over2,935
- Adults 25 and over with a high school diploma or higher93.3 percent
- Adults 25 and over with a bachelor degree or higher42.4 percent
- Adults 25 and over with a graduate degree22.7 percent plus or minus 6.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopedale
Housing in Hopedale
- Housing units1,670
- Occupied units1,585
- Vacant units85 plus or minus 100
- Vacancy rate5.1 percent plus or minus 5.9
- Owner occupied1,182
- Renter occupied403 plus or minus 184
- Ownership rate74.6 percent
- Median owner-occupied home value$424,800
- Median gross rent, monthly$1,805
- Annual rent as a share of median income20.1 percent plus or minus 4.2
- Single family units1,219 plus or minus 245
- Share single family73.0 percent
- Units in buildings of two or more451 plus or minus 225
- Share in buildings of two or more27.0 percent plus or minus 13.0
- Mobile homes0
- Median year structure built1942
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopedale
How Hopedale gets to work
- Workers 16 and over who commute1,889
- Commuting under 15 minutes366 plus or minus 137
- Share commuting under 15 minutes19.4 percent plus or minus 6.5
- Commuting 30 minutes or more1,015 plus or minus 294
- Share commuting 30 minutes or more53.7 percent plus or minus 12.7
- Drove alone85.5 percent
- Carpooled0.6 percent plus or minus 1.0
- Public transport0.6 percent plus or minus 1.0
- Walked2.3 percent plus or minus 3.0
- Worked from home11.0 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopedale
SBA 7(a) lending to Hopedale borrowers
- Approvals4
- Gross approval$887,000
- Average approval$221,750
- Median approval$350,000
- Ninetieth percentile approval$417,000
- Largest approval$417,000
- Jobs supported29
- Jobs per approval7.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS4
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hopedale
SBA 504 lending to Hopedale borrowers
- Approvals2
- Gross approval$1,077,000
- Average approval$538,500
- Median approval$632,000
- Largest approval$632,000
- Jobs supported9
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Worcester County, not Hopedale
Worcester County context, not Hopedale figures
These are Worcester County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hopedale measurements.
- Establishments in Worcester County19,181
- Employment at those establishments, Worcester County319,255
- Covered employment, Worcester County351,476
- Average annual pay, Worcester County$71,641
- Average weekly wage, Worcester County$1,378
- Housing units permitted, Worcester County2,506
- Of those, single family, Worcester County964
- County product, 2024, Worcester County$60,947,229,000
- County product change over the prior year, Worcester County4.4 percent
- Average income of an arriving household, Worcester County$87,853
Every figure in this section is published for Worcester County as a whole and is not a measurement of Hopedale. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Hopedale questions, answered from the record.
How many people live in Hopedale, Massachusetts?
4,360, in 1,585 households. Hopedale CDP covers 1.75 square miles of land, which is 2,494 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hopedale in?
Worcester County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Hopedale?
$107,909. The median owner-occupied home is valued at $424,800. Median gross rent is $1,805 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hopedale businesses?
4 7(a) approvals totalling $887,000, across 4 lenders, median approval $350,000, plus 2 504 approvals worth $1.1 m. These count approvals to borrowers whose address is in Hopedale, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hopedale borrowers get paid back?
No rate is published for Hopedale. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Hopedale figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Worcester County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Hopedale.
Is zoning published for Hopedale?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.