North Hempstead, NY is a desirable place to live due to its high housing median value. With the median home value standing at $943,200, it is significantly higher than the US median home value of $338,100. The US has seen an 8.27% house appreciation in the last year, while North Hempstead is only marginally higher at 8.30%. This indicates that North Hempstead is a stable and lucrative market for potential homeowners looking for an investment or their dream home.
The median home cost in North Hempstead is $943,200. Home appreciation the last 10 years has been 72.6%. Home Appreciation in North Hempstead is up 12.1%.
Average Age of Homes
- The median age of North Hempstead real estate is 63 years old
The Rental Market in North Hempstead
- Renters make up 20.2% of the North Hempstead population
- 0.8% of houses and apartments in North 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.