Hopkins is one of the smallest but most walkable cities in the west metro, anchored by a real Mainstreet, a solid mix of mid-century homes, and a growing pocket of newer condos and townhomes. It's a favorite for retirees who don't want to give up walking to a coffee shop.
The Hopkins housing market
Median home values in Hopkins run in the low-$400s, with newer townhomes and condos near downtown Hopkins climbing higher. The upcoming Green Line extension has been a modest tailwind.
Reverse mortgages in Hopkins
Long-term Hopkins homeowners often use a HECM to eliminate a small remaining mortgage balance and free up meaningful monthly cash flow on a fixed income.
For the statewide rules, counseling requirements and 2026 lending limits, read the Minnesota reverse mortgage guide, or see the Hennepin County reverse mortgage guide. New to the program? Start with what is a reverse mortgage.
Neighborhoods
- Downtown Hopkins / Mainstreet
- Interlachen Park
- Bellgrove
- Peaceful Valley
Loan options for Hopkins
- Reverse Mortgage (HECM)
- HECM for Purchase
- Conventional
- FHA & VA
- Refinance
Attractions & landmarks
- Historic Mainstreet
- Shady Oak Beach
- Downtown Farmers Market
- Hopkins Center for the Arts
Schools
Hopkins Public Schools (ISD 270) is a highly-rated district that also serves parts of Minnetonka, Edina, and Golden Valley.