New Hempstead, NY is known for its high housing values and appreciation. The median value of a home in New Hempstead is $660,000, which is nearly double the US median value of $338,100. What's even more impressive is that homes in New Hempstead have seen a 14.52% increase in value over the past year - far above the US house appreciation rate of 8.27%. This makes it an attractive option for those looking to invest in real estate in the area.
The median home cost in New Hempstead is $660,000. Home appreciation the last 10 years has been 71.2%. Home Appreciation in New Hempstead is up 17.6%.
Average Age of Homes
- The median age of New Hempstead real estate is 52 years old
The Rental Market in New Hempstead
- Renters make up 2.5% of the New Hempstead population
- 0.0% of houses and apartments in New 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.