HomeMinnesotaHennepin CountyHopkins city
Hopkins city, Minnesota: commercial real estate data.
Hopkins city is a Census city of 18,819 people across 4.06 square miles of land, in Hennepin County. Median household income is $75,234, 36.5 percent of occupied homes are owned, and the SBA record carries 122 7(a) approvals to borrowers here worth $47.5 m.
77 sourced place values · tier FULL · 8 sections
Hopkins
What Hopkins is
- Census place typecity
- Land area4.06 sq mi
- Water area0.03 sq mi
- Population per square mile of land4,635
- County holding the largest share of its areaHennepin 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.
Hopkins
How many people live in Hopkins
- Population18,819
- Median age37.8
- Population under 183,454 plus or minus 730
- Share under 1818.4 percent plus or minus 3.9
- Population 65 and over3,227
- Share 65 and over17.1 percent
- Households9,547
- Family households4,263
- Share of households that are families44.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopkins
Income and work in Hopkins
- Median household income$75,234
- Per capita income$48,787
- Civilian labor force11,278
- Employed10,554
- Unemployed724 plus or minus 305
- Unemployment rate6.4 percent plus or minus 2.7
- Adults 25 and over14,360
- Adults 25 and over with a high school diploma or higher94.3 percent
- Adults 25 and over with a bachelor degree or higher45.6 percent
- Adults 25 and over with a graduate degree14.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopkins
Housing in Hopkins
- Housing units10,146
- Occupied units9,547
- Vacant units599 plus or minus 285
- Vacancy rate5.9 percent plus or minus 2.8
- Owner occupied3,487
- Renter occupied6,060
- Ownership rate36.5 percent
- Median owner-occupied home value$375,600
- Median gross rent, monthly$1,468
- Annual rent as a share of median income23.4 percent
- Single family units4,045
- Share single family39.9 percent
- Units in buildings of two or more6,101
- Share in buildings of two or more60.1 percent
- Mobile homes0
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopkins
How Hopkins gets to work
- Workers 16 and over who commute8,196
- Commuting under 15 minutes2,389
- Share commuting under 15 minutes29.1 percent
- Commuting 30 minutes or more1,648 plus or minus 383
- Share commuting 30 minutes or more20.1 percent plus or minus 4.3
- Drove alone62.5 percent
- Carpooled9.2 percent plus or minus 3.3
- Public transport3.4 percent plus or minus 1.6
- Walked2.4 percent plus or minus 1.5
- Worked from home21.0 percent plus or minus 5.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hopkins
SBA 7(a) lending to Hopkins borrowers
- Approvals122
- Gross approval$47,480,400
- Average approval$389,184
- Median approval$150,000
- Ninetieth percentile approval$886,100
- Largest approval$4,900,300
- Jobs supported1,265
- Jobs per approval10.4
- Loans with a final outcome29
- Paid in full28
- Charged off1
- Charge-off rate over resolved loans3.4 percent
- Median term120 months
- Share on real estate terms of 20 years or more3.3 percent
- Share to franchises7.4 percent
- Distinct lenders38
- Distinct industries by NAICS61
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hopkins
SBA 504 lending to Hopkins borrowers
- Approvals21
- Gross approval$12,789,000
- Average approval$609,000
- Median approval$401,000
- Largest approval$3,205,000
- Jobs supported368
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Hopkins
Hennepin County context, not Hopkins figures
These are Hennepin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hopkins measurements.
- Establishments in Hennepin County40,486
- Employment at those establishments, Hennepin County939,201
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Average weekly wage, Hennepin County$1,734
- Housing units permitted, Hennepin County3,919
- Of those, single family, Hennepin County2,054
- County product, 2024, Hennepin County$193,617,316,000
- County product change over the prior year, Hennepin County5.1 percent
- Average income of an arriving household, Hennepin County$77,501
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Hopkins. 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
Hopkins questions, answered from the record.
How many people live in Hopkins, Minnesota?
18,819, in 9,547 households. Hopkins city covers 4.06 square miles of land, which is 4,635 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hopkins in?
Hennepin 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 Hopkins?
$75,234. The median owner-occupied home is valued at $375,600. Median gross rent is $1,468 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hopkins businesses?
122 7(a) approvals totalling $47.5 m, across 38 lenders, median approval $150,000, plus 21 504 approvals worth $12.8 m. These count approvals to borrowers whose address is in Hopkins, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hopkins borrowers get paid back?
Of the 29 loans that have reached a final outcome, 28 were paid in full and 1 charged off, a charge off rate of 3.4 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Hopkins figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hennepin 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 Hopkins.
Is zoning published for Hopkins?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.