Mortgage Loans in Hopkins, MN

Geography of Hopkins

According to the United States Census Bureau, the city has a total area of 4.11 square miles (10.64 km²), of which 4.08 square miles (10.57 km²) is land and 0.03 square miles (0.08 km²) is water. There are several small ponds on the western side of Hopkins, and creeks to the north and south. One of these creeks includes Minnehaha Creek. The north branch of Nine Mile Creek has its headwaters in Hopkins at the intersection of 13th Avenue South and Excelsior Boulevard.

Source: https://en.wikipedia.org/wiki/Hopkins,_Minnesota

Real Estate in Hopkins

Hopkins has a much lower homeownership rate than neighboring communities. The city’s 39 percent homeownership rate is 22 percentage points less than the 61 percent of St. Louis Park, which has the next-lowest rate among Hopkins’ neighbors. Other west metro communities fall in the mid-70 percent range.

Housing also tends to be cheaper than most west metro communities. Hopkins’ $225,200 median value is the lowest among its neighbors. The median housing value for St. Louis Park, which is next lowest, is 6.75 percent higher at $240,400.

Source: https://en.wikipedia.org/wiki/Hopkins,_Minnesota

History of Hopkins

The first settlers of Hopkins arrived in 1852 as land around the growing Minneapolis–Saint Paul area was opening up and being explored by members stationed at Fort Snelling. However, the roots of the town began in 1887 with the building of the Minneapolis Threshing Machine Company, later called Minneapolis-Moline, to make farm equipment. At the time, Minneapolis Moline employed most of the Hopkins residents. In 1887, the West Minneapolis Land Company was founded and formed to build housing for the Minneapolis Moline factory workers. City of Hopkins has around 450 Hopkins residents employed for the government.

In 1893, residents of Hopkins sent the Hennepin County Board of Commissioners a petition signed by 41 residents, asking that a separate village be formed from unincorporated portions of then-Minnetonka and Richfield Townships. Following an election, the community was then incorporated as the Village of West Minneapolis with a population of 1,105. The original village consisted of about three square miles, and it has been enlarged by annexation to its present size of about four square miles.

In 1928, the name of the village was changed to Hopkins after Harley H. Hopkins, who was among its first homesteaders and was the community’s first postmaster. Mr. Hopkins allowed the town to build the train depot on his land (now The Depot Coffee House) with the agreement that the train station would say “Hopkins” on it. People getting off the train assumed the name of the town was Hopkins and it stuck. On January 1, 1948, the village became the city of Hopkins, upon adoption of a council–city manager charter.

Source: https://en.wikipedia.org/wiki/Hopkins,_Minnesota

Demographics of Hopkins

As of the census of 2010, there were 17,591 people, 8,366 households, and 3,975 families residing in the city. The population density was 4,311.5 inhabitants per square mile (1,664.7/km²). There were 8,987 housing units at an average density of 2,202.7 per square mile (850.5/km²). The racial makeup of the city was 70.4% White, 13.5% African American, 0.6% Native American, 8.5% Asian, 3.4% from other races, and 3.6% from two or more races. Hispanic or Latino of any race were 7.9% of the population.

There were 8,366 households, of which 24.9% had children under the age of 18 living with them, 31.4% were married couples living together, 12.1% had a female householder with no husband present, 4.0% had a male householder with no wife present, and 52.5% were non-families. 43.4% of all households were made up of individuals, and 11.5% had someone living alone who was 65 years of age or older. The average household size was 2.07 and the average family size was 2.93.

The median age in the city was 34.4 years. 21.1% of residents were under the age of 18; 8.4% were between the ages of 18 and 24; 34.3% were from 25 to 44; 23.4% were from 45 to 64; and 12.6% were 65 years of age or older. The gender makeup of the city was 47.6% male and 52.4% female.

Source: https://en.wikipedia.org/wiki/Hopkins,_Minnesota