HomeMassachusettsWorcester CountyHopedale
Hopedale, Massachusetts: commercial real estate data.
Hopedale 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Hopedale (7(a))
- Approvals4
- Gross approval$887,000
- Average approval$221,750
- Median approval$225,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Hopedale, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hopedale
SBA loans in Hopedale (504)
- Approvals2
- Gross approval$1,077,000
- Average approval$538,500
- Median approval$538,500
- Largest approval$632,000
- Jobs supported9
- Loans with a final outcome0
- Charged off0
- Median term270 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Hopedale, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hopedale
Flood risk in Hopedale
- NFIP communityTown of Hopedale
- NFIP community number250310
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/04/11
The Town of Hopedale participates in the National Flood Insurance Program as community 250310 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Worcester County, not Hopedale
Worcester County context, not Hopedale figures
- Establishments in Worcester County19,181
- Covered employment, Worcester County351,476
- Average annual pay, Worcester County$71,641
- Housing units permitted, Worcester County2,506
Every figure in this section is published for Worcester County as a whole and is not a measurement of Hopedale.
All Worcester County figures →
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $887,000 since FY2020, across 4 lenders, median approval $225,000, plus 2 504 approvals worth $1.1 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Hopedale in the National Flood Insurance Program?
Yes. Hopedale appears in the FEMA Community Status Book as Hopedale, town of, community 250310, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Hopedale figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.