Hempstead, New York.
Typical home $645,514 (+4.2% in a year), asking rent $3,106 (+1.0%). New York-Newark-Jersey City, NY-NJ-PA metro.
to buy the typical home at today's mortgage rate — +$501 (+17%) since Dec 2023.
- 1 year
- Up $25,970 +4%
- $619,543$645,514 since Sep 2025
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Hempstead$3,388
- New York$2,755
- United States$1,922
Typical home values in Hempstead, NY rose 4.2% over the past year — faster than the nation's +1.2%.
Asking rents in Hempstead, NY rose 1.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Hempstead runs $1,759/mo more than renting one — the widest that gap has been in this data.
That is $4,865 a month against $3,106 rent: a $3,388 mortgage payment, plus $786 property tax and $691 insurance & upkeep.
Owning vs renting — Hempstead
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,865
- Renting$3,106
- Mortgage only$3,388
Property tax · $786/mo 1.46% of value a year — the ACS 2020-2024 median bill over the median home value for Nassau County, NY
Insurance & upkeep · $691/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Hempstead, Nassau County, New York
Hempstead is a village of 59,169 people in Nassau County. Half its households earn more than $90,420 a year and half less, against $146,202 across Nassau County; 14% of its people live below the poverty line. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Hempstead was 4.5% in August 2026, and Nassau County had 0.7% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Hempstead is a village in Nassau County, and a younger place than many on Long Island, with a population that skews a little younger than the typical American community. Incomes run well below the county's, rents are high, and more households rent their homes than across the county, where owning is the norm. Winters are cold, with a fair amount of snow, and summers are warm, with rain spread across the year.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in shops, and in the building trades. The largest workplaces in Hempstead include the Hempstead Union Free School District, Elara Caring, a home health care agency, and Hempstead Park Nursing Home. Fewer adults hold a four-year degree than across much of the county, commutes are fairly long, and few people work from home.
Things to do. Residents have New York City's best-known sights within a longer drive. The Statue of Liberty is a tourist attraction, the Metropolitan Museum of Art and the Museum of Modern Art are museums, and Central Park is the city's best-known garden and park. Coney Island, a beach, is also a longer drive away.
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- 17,108households
- 22%of adults have a degree
- 14%below the poverty line
- 33 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Nassau County had 636,274 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 42° and lows near 27°; warmest in July, with highs near 86° and lows near 68°. About 18 inches of snow and 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Mineola weather station, 2 miles away (NOAA).
Largest workplaces in Hempstead
- Hempstead Union Free School DistrictSchool district839FTE
- Elara CaringHome health care agencies428
- Hempstead Park Nursing HomeSkilled nursing facilities250
- Academy Charter SchoolSchool district226FTE
- FDR Services Corp of New YorkBed linen supply services171
- 6 WE Business Management, Inc.-we Trans - HemsteadSchool bus services134
- Network InfrastructureNatural gas pipeline construction131
- Evergreen Charter SchoolSchool district111FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 12 workplaces with 20 or more staff, 1,388 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherrelatively high in parts of HempsteadRelatively moderate
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Hempstead’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Nassau County and the New York-Newark-Jersey City, NY-NJ-PA metro.
Hempstead home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Hempstead$645,514
- New York$524,942
- United States$366,157
Sellers are cutting prices on about 1 in 7 Hempstead listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Hempstead13.35%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Hempstead72
New listings per month
Sellers arriving at the market.
- Hempstead20
Zip codes with a Hempstead address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Hempstead — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.