There are currently 7,638 real estate properties in Hempstead, NY, with a median automated valuation model (AVM) price of $459,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hempstead, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hempstead, NY, is $471,633.00, with the most expensive house in Hempstead, NY, topping out at $2,920,700.00 and the cheapest home in Hempstead, NY, clocking in at $208,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Hempstead, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hempstead, NY, is on a rollercoaster ride. The average rent price in Hempstead, NY, is $2,592.00. Indeed, when looking to rent in Hempstead, NY, you can expect to pay as little as $1,440.00 or as much as $5,100.00, with the average rent median estimated to be $2,580.00. The good news is that finding an affordable and desirable property to rent in Hempstead, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Hempstead, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Hempstead, NY and much more. Save thousands at closing with home foreclosure listings in Hempstead, NY — up to 75% off market value!
Hempstead is located in Nassau, New York, with an estimated municipal population of 767,417 residents. All of the best foreclosed homes for sale in Hempstead are located in the following zip code areas on Foreclosure.com: 11549 11530 11559 11710 11714 11569 11561 11563 11565 11566 11793 11550 11553 11552 11554 11557 11556 11558 11580 11581 11010 11509 11096 11575 11570 11520 11756 11572 11590 11598 11003 11001 11518 11516 11510 11783 11002 11531 11551 11555 11571 11582 11599. The estimated population per square kilometer (.62 miles) in Hempstead is 2,500.
So, about how much do homes cost in Hempstead? The most recent median value of resident-owned homes in Hempstead is 455,408. An estimated 80.8 percent of households in Hempstead own their homes, with an average family size of 3.54. The median household income in Hempstead is 111,072, with55.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Hempstead, the median commute time of resident workers (in minutes) is 36.6. And last, but certainly not least, are you looking for homes to rent in Hempstead? If so, the average rent price paid by renters in Hempstead is 1,678, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Hempstead, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Hempstead is 40.3, split between 48.6 percent male versus 51.4 female. The percentage of residents who report being married in Hempstead is 51.2, with an average family size of 3.54.
The percentage of residents who report their race in Hempstead is as follows:
|Black / African American||17.4%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Hempstead? Or maybe you are searching for 55+ active adult communities in and/or near Hempstead?
The percentage of residents who report their age in Hempstead is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Hempstead with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Hempstead.
How do you know that living in -- or moving to -- Hempstead is right where you need to be? Perhaps you grew up in Hempstead or already live nearby; therefore, the decision to buy a home in Hempstead is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Hempstead for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Hempstead:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Hempstead.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Hempstead can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Hempstead, meanwhile, can field multiple offers from more qualified buyers.