Hempstead, NY is a great place to buy property, as the median value of houses in this area is $628,900 - significantly higher than the US house median value of $338,100. Not only is Hempstead a great place to invest in real estate, but it has also seen a promising appreciation rate over the past year - 8.83%, compared to the US 1 year house appreciation rate of 8.27%. With these high values and high appreciation rates, Hempstead is an attractive option for those looking to purchase or invest in housing options.
The median home cost in Hempstead is $628,900. Home appreciation the last 10 years has been 73.9%. Home Appreciation in Hempstead is up 12.7%.
Average Age of Homes
- The median age of Hempstead real estate is 64 years old
The Rental Market in Hempstead
- Renters make up 18.6% of the Hempstead population
- 0.8% of houses and apartments in Hempstead, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.