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City · 58,801 residents · Nassau County, New York

Hempstead , New York

In Hempstead, a typical home is worth $459,500 and typical rent is $1,622 a month. Compared with all of Nassau County, typical household income is 38% lower, the typical home value is 33% lower, and the share of households that own their home is 34 points lower.

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  • Typical home value

    $459,500

    33% below the county

    8% above New York

    • Hempstead
    • Nassau
    • New York

  • Typical rent

    $1,622a month

    28% below the county

    About the same as New York

    • Hempstead
    • Nassau
    • New York

  • Typical household income

    $90,420a year

    38% below the county

    5% above New York

    • Hempstead
    • Nassau
    • New York

  • Households that own their home

    47%

    34 points below the county

    7 points below New York

    • Hempstead
    • Nassau
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$645,514
4.2% more than 12 months ago
Typical rent
$3,106 a month
1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Hempstead is in Nassau County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Nassau County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Hempstead apart

What this place has that others do not, from public data, most unusual first.

  1. 47% of households in Hempstead own their home, against 82% in Nassau County.

  2. The typical household income in Hempstead is $90,420, 38% less than in Nassau County as a whole ($146,202).

  3. The typical home in Hempstead is worth $459,500, 33% less than in Nassau County as a whole ($684,700).

  4. The typical rent in Hempstead is $1,622 a month, 28% less than in Nassau County as a whole ($2,252).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Hempstead

What homes there are in Hempstead, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Hempstead there is a bit of everything: no kind of home reaches half. The most common are detached houses (44%); in Nassau County, 76%.

Year built

The typical year built in Hempstead is 1958, about the same as in Nassau County (1955).

There are fewer big homes in Hempstead than in Nassau County: 50% have 3 bedrooms or more, against 75%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

By rent, most homes in Hempstead cost less than HUD's 2-bedroom fair market rent ($2,689): about 89%.

With a mortgage

$3,339 a month

Nassau County: $3,795 a month

Without a mortgage

$1,435 a month

Nassau County: $1,500 or more a month

Owners with a mortgage

74%

Nassau County: 62%

The typical cost for an owner with a mortgage in Hempstead is $3,339 a month, less than in Nassau County ($3,795); without one, $1,435.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Hempstead rose 43%; in Nassau County, it rose 39%.

Since 2015–2019, the typical rent in Hempstead rose 12%, less than in Nassau County (27%).

While home values in Hempstead changed +43% and rent +12%, the typical household income rose 45%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureHempsteadNassau CountyNew YorkUnited States
Rental vacancy 12.0%4.5%3.8%5.5%
Homeowner vacancy Unreliable estimate0.7%1.1%0.9%
More than one person per room 14.5%3.4%5.3%3.4%
People per household 3.372.992.492.53
Drive alone 56%61%49%69%
Carpool 13%7%6%9%
Public transit 19%13%22%3%
Walk or bike 2%2%6%3%
Work from home 7%16%15%15%
Other means 3%2%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

The rental vacancy rate in Hempstead is 12.0%, higher than in Nassau County (4.5%).

More households are short on space in Hempstead: 14.5% have more than one person per room; in Nassau County, 3.4%.

More people live in each home here: 3.37 on average, against 2.99 in Nassau County.

More people ride a bus or train to work in Hempstead than in Nassau County: 19% against 13%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Hempstead?

A typical home costs more than the typical income allows

We start with a typical home in Hempstead, worth $459,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 57% of the typical household income in Hempstead, which is $90,420 a year. For that payment to be 28% of income, a household would need to earn about $183,681 a year.

The calculator's FHA and conventional loan limits are those of all of Nassau County.

Your numbers

Local data
$

Starts at the typical home value in Hempstead. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,083 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,286

at 7.18% · 30 years

Loan amount
$451,177
Total interest
$649,138
Paid off in
November 2056

Includes $7,760 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,110 a month

  • Tight

    $2,110 to $2,713 a month

  • Hard

    more than $2,713 a month

    Your payment · 57%

Compared with the typical household income in Hempstead ($90,420 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,286
Principal & interest$3,056
Property tax$835
Home insurance$192
FHA mortgage insurance (MIP)$203

You need at least $16,083 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Hempstead and Nassau County

Hempstead is in Nassau County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Hempstead's own numbers

Typical home value
$459,500
Typical monthly rent
$1,622
Typical yearly household income
$90,420
Households that own their home
47%
Effective property tax rate
2.18%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Nassau County

FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,209,750
HUD fair market rent, 2 bedrooms
$2,689
Price change over 5 years (FHFA)
+45%
Homes in a high flood-risk zone
9.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Nassau County.

Everything about Nassau County

Buying

Buying a home in Hempstead

A typical home in Hempstead is worth $459,500: 33% below the county and 8% above New York. With the typical household income in Hempstead ($90,420 a year), a typical home costs 5.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Hempstead 5.1 years
  • Nassau 4.7 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Nassau County

According to FHFA’s house price index, home prices in Nassau County rose 82% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Nassau County.

Period County New York U.S.
Last year (2025) +7.0% +6.0% +2.9%
5 years (2020–2025) +45% +52% +47%
10 years (2015–2025) +82% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Hempstead next to Nassau County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Hempstead $459,500
  • Nassau $684,700
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Hempstead $1,622
  • Nassau $2,252
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Hempstead $90,420
  • Nassau $146,202
  • New York $85,974
  • United States $80,734
See the full table
Hempstead next to Nassau County and New York
Measure Hempstead Nassau County New York U.S.
Typical home value $459,500 $684,700 $423,800 $332,700
Typical monthly rent $1,622 $2,252 $1,621 $1,413
Typical yearly household income $90,420 $146,202 $85,974 $80,734
Households that own their home 47% 82% 54% 65%
Typical yearly property tax $10,001 $10,001 $6,582 $3,119
Effective property tax rate 2.18% 1.46% 1.55% 0.94%
Renters with high rent for their income 57% 55% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Nassau County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Hempstead

For a typical $459,500 home in Hempstead, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Hempstead's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,286a month

    Least cash to close
    Down payment
    $16,083
    Cash to close
    $29,868
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $203

  • Conventional, 5% down $4,202a month

    Down payment
    $22,975
    Cash to close
    $36,760
    Rate
    7.18%
    Mortgage insurance
    PMI · $218

  • Conventional, 20% down, no PMI $3,516a month

    Down payment
    $91,900
    Cash to close
    $105,685
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,941a month

    Down payment
    $68,925
    Cash to close
    $82,710
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Hempstead and for Nassau County.

Property tax

Effective rate in Hempstead

2.18%of the home’s value each year

$10,001 a year for the typical owner in Hempstead.

  • Hempstead 2.18%
  • Nassau 1.46%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Nassau County

FEMA does not publish these numbers by city: they are for all of Nassau County.

Homes in the high-risk zone
9.6%
35,643
Of those, with NFIP insurance
76%
County New York U.S.
Homes in the high-risk zone 9.6% 2% 3.5%
Of those, with NFIP insurance 76% 76% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Hempstead

Typical rent in Hempstead is $1,622 a month: 28% below the county. In Hempstead, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Nassau County, by unit size. To pay the 2-bedroom one ($2,689 a month) without spending more than 30% of your income, you would need to earn $51.71 an hour working full time.

HUD fair market rent for all of Nassau County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,964 $37.77 $78,560
1 bedroom $2,285 $43.94 $91,400
2 bedrooms $2,689 $51.71 $107,560
3 bedrooms $3,458 $66.50 $138,320
4 bedrooms $3,671 $70.60 $146,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Hempstead

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Hempstead is in ZIP code 11550.

For 2 bedrooms it is $2,480: $209 less than the fair market rent for Nassau County ($2,689).

  • 11550 $2,480$3,210

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Hempstead when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Hempstead

HUD lists 20 buildings with rents for lower incomes in Hempstead. These are the largest.

  • Jackson Terrace 100 Terrace Ave, Hempstead 11550 420 homes, 417 low-income · Studio: 18 · 1 bd: 273 · 2 bd: 126 · In service since 2006 · For families
  • Greenwich Gardens 155 Greenwich St, Hempstead 11550 294 homes, 293 low-income · For older adults (516) 485-9749
  • Bedell Terrace 91 Terrace Ave, Hempstead 11550 245 homes, 241 low-income · Studio: 22 · 1 bd: 208 · 2 bd: 15 · In service since 2010 · For families
  • Park Lake Apts 21 Mlk Dr, Hempstead 11550 240 low-income homes · 2 bd: 100 · 3 bd: 140 · In service since 2006 · For families
  • The Horizons 295 S Franklin St, Hempstead 11550 240 homes, 239 low-income · For families

See all 82 buildings in Nassau County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Hempstead

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 3 HUD-approved agencies with an office in Nassau County; 2 say they serve in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Hempstead

No down payment, repair or rent-help program on our list is for Hempstead or Nassau County. The ones below are statewide in New York: they work in Hempstead the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Hempstead

The HUD-approved agencies closest to the center of Hempstead, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Development Corporation of Long Island

    250 Fulton Ave, Hempstead · 0 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (631) 471-1215

  • Family and Children's Association

    377 Oak St, Garden City · 2 miles away · Spanish

    • Reverse mortgage counseling
    516-485-3425-2325

  • Hispanic Brotherhood of Rockville Centre, Inc.

    59 Clinton Ave, Rockville Centre · 3 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (516) 766-6610

Every agency in Nassau County All counseling agencies in New York

Help in Spanish near Hempstead

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Hempstead

HUD’s record names them for Hempstead or Nassau County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Town of Hempstead Housing Authority Public housing (516) 485-9666
  • Village of Hempstead HA Public housing and Section 8 vouchers (516) 489-8500

9 other authorities have an office in Nassau County: see the list Source: HUD

Cities

Other cities in Nassau County

These cities are also in Nassau County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Nassau County Housing in New York
See 57 more cities in Nassau County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Hempstead, with the typical home value.

Neighboring counties

If Nassau County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Hempstead.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Hempstead

Short answers with the numbers for Hempstead and all of Nassau County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Hempstead?

The typical home value in Hempstead is $459,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Nassau County it is $684,700.

How much does it cost to rent in Hempstead?

Typical rent in Hempstead is $1,622 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Nassau County is $2,689.

What is the FHA loan limit in Hempstead?

Hempstead uses the FHA limit for all of Nassau County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.

How much property tax do owners pay in Hempstead?

The typical homeowner in Hempstead pays $10,001 a year, according to the U.S. Census Bureau. That is 2.18% of the home’s value; in Nassau County, the rate is 1.46%.

Where can I find free help to buy or rent in Hempstead?

There are 3 HUD-approved counseling agencies with an office in Nassau County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).