Housing
Home prices and rent in Hempstead
Median home values, rents and incomes from the U.S. Census Bureau, compared with New York and the U.S.
Census geography: Hempstead village, New York. These survey estimates are not current listing prices.
Hempstead vs. New York and the U.S.
| Hempstead | New York | U.S. | |
|---|---|---|---|
| Median home value | $459,500 | $423,800 | $332,700 |
| Median rent (monthly) | $1,622 | $1,621 | $1,413 |
| Median household income | $90,420 | $85,974 | $80,734 |
| Homes owned by occupants | 48% | 54% | 65% |
| Median year built | 1958 | 1959 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $320,100 | $321,200 | $459,500 |
| Median rent (monthly) | $1,311 | $1,450 | $1,622 |
| Median household income | $51,714 | $62,569 | $90,420 |
Fair Market Rents (HUD, fiscal year 2027)
Nassau-Suffolk, NY HUD Metro FMR Area · Nassau County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $164,300. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $89,700 | $102,500 | $115,300 | $128,100 | $138,350 | $148,600 | $158,850 | $169,100 |
| Very low income (50%) | $57,550 | $65,750 | $73,950 | $82,150 | $88,750 | $95,300 | $101,900 | $108,450 |
| Extremely low income (30%) | $34,550 | $39,450 | $44,400 | $49,300 | $53,250 | $57,200 | $61,150 | $65,100 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 11, 2026.
Questions
What is the median home value in Hempstead?
$459,500, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $423,800 in New York and $332,700 nationally.
How much is rent in Hempstead?
Median gross rent (rent plus utilities) is $1,622 a month, versus $1,621 statewide.
How much have home values risen in Hempstead?
The median home value went from $320,100 in 2014 to $459,500 in 2024 (+44%).
What is fair market rent in Hempstead?
HUD's fiscal year 2027 Fair Market Rent for the Nassau-Suffolk, NY HUD Metro FMR Area is $1,964 for a studio, $2,285 for one bedroom and $2,689 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Hempstead village, New York. Values are estimates with margins of error.