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.