Housing in 11550 Hempstead, NY is significantly more expensive than the US median value of $338,100. The median value of homes in 11550 Hempstead, NY is $482,600 with a 1-year appreciation rate of 8.72%. Despite the higher cost of housing, it appears that home values are increasing at a slightly faster pace than the rest of the country. This could be indicative of a strong and vibrant local economy that is providing job opportunities and contributing to an overall increase in property values.
The median home cost in Hempstead (zip 11550) is $482,600. Home appreciation the last 10 years has been 75.2%. Home Appreciation in Hempstead (zip 11550) is up 12.8%.
Average Age of Homes
- The median age of Hempstead (zip 11550) real estate is 61 years old
The Rental Market in Hempstead (zip 11550)
- Renters make up 51.2% of the Hempstead (zip 11550) population
- 5.0% of houses and apartments in Hempstead (zip 11550), 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.