Rental market snapshot for Hempstead, New York

Hempstead, New York Rental Property Market Overview

Hempstead, New York is a vibrant and diverse community located in Nassau County on Long Island. According to the US Census, Hempstead has a population of 58,734 as of 2021. The town is home to Hofstra University, the largest private university in New York, as well as a variety of shopping centers, parks, and recreational activities. Hempstead is a great place to live, work, and play, offering a variety of amenities and attractions for its residents.

The average rent for an apartment in Hempstead is $2,900. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Hempstead New York | Cost of Living

  • The most expensive ZIP code in Hempstead is 11550 with an average price of $3,058.
  • The cheapest ZIP code in Hempstead is 11550 with an average price of $3,058.

Hempstead ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
111550$3,058

Live near Hempstead, New York's Top Sights and Attractions

Kennedy Memorial Park is a beautiful outdoor space located in Hempstead, New York. It features a large pond, a playground, and plenty of green space for picnicking and relaxing. The park also has a memorial dedicated to President John F. Kennedy, which includes a bronze bust of the president and a plaque with his famous quote, "Ask not what your country can do for you, but what you can do for your country." Visitors can also explore a nature trail, take a stroll along the boardwalk, or take part in a variety of recreational activities.

The Town of Hempstead is a popular destination for visitors to the New York area. It is home to a variety of attractions, including the historic Hempstead Village, the Nassau County Museum of Art, and the Long Island Children's Museum. There are also plenty of outdoor activities to enjoy, such as hiking and biking trails, beaches, and parks. The town also boasts a variety of shopping and dining options, as well as a vibrant nightlife scene.

Mirschel Park is a beautiful outdoor destination located in Hempstead, New York. It features a large lake, a playground, picnic areas, and plenty of walking trails. The lake is a great spot for fishing, canoeing, and kayaking, while the playground is perfect for kids of all ages. The picnic areas provide a great spot to relax and enjoy a meal, and the walking trails are perfect for a leisurely stroll or a more strenuous hike. With its lush greenery and stunning views, Mirschel Park is the perfect place to spend a day outdoors.

Lincoln Park is a beautiful outdoor space located in Hempstead, New York. It features a variety of activities for visitors to enjoy, including a playground, picnic areas, walking trails, and a pond. The park also has a variety of wildlife, including ducks, geese, and other birds. The park is a great place to relax and enjoy nature, and it is a popular spot for families and friends to gather.

Campbell Park is a beautiful outdoor space located in Hempstead, New York. It features a large pond, a gazebo, and plenty of lush green grass. There are also plenty of walking paths and benches for visitors to enjoy. The park is a great place for a picnic, a leisurely stroll, or a game of Frisbee. It's also a great spot for bird watching, as there are many different species of birds that can be seen in the area.

Brierley Park is a beautiful outdoor attraction located in Hempstead, New York. It features lush green lawns, winding pathways, and a variety of trees and shrubs. There are also several ponds, a playground, and a picnic area. Visitors can enjoy a variety of activities, such as fishing, bird watching, and walking trails. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Brierley Park is a great place to relax and enjoy nature.

Hofstra Museum is an art museum located on the campus of Hofstra University. It features a wide variety of exhibitions, including works from the university's permanent collection, as well as special exhibitions from around the world. The museum also hosts lectures, workshops, and other educational programs. It is a great place to explore the world of art and culture.

The Economic Opportunity Commission of Nassau County is a non-profit organization located in Hempstead, New York. It provides a variety of services to help low-income individuals and families become self-sufficient. These services include job training, financial literacy classes, housing assistance, and access to resources such as food pantries and health care. The Commission also offers educational and recreational activities for children and adults, as well as community outreach programs to help those in need.

Fine Arts Museum Long Island is a cultural attraction located in Hempstead, New York. It features a variety of artworks from around the world, including paintings, sculptures, photographs, and more. The museum also offers educational programs, lectures, and workshops for visitors of all ages. The museum's permanent collection includes works from the Renaissance to the present day, and the museum also hosts special exhibitions throughout the year.

The African American Museum Of Nassau County is a cultural and educational center dedicated to preserving and celebrating the history and culture of African Americans in Nassau County. The museum features a variety of exhibits and displays, including artifacts, photographs, documents, and multimedia presentations. Visitors can explore the history of African Americans in the county, from the early days of slavery to the civil rights movement and beyond. The museum also offers educational programs and workshops, as well as special events and performances.

Hempstead, New York area median rent change by ZIP code map

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How does Hempstead compare to other cities in New York?

citymedian price
Rye$4,995
Smithtown$2,855
Woodstock$2,800
East Syracuse$2,400
Troy$1,388
Buffalo$1,340
North Tonawanda$1,200

Average household income in Hempstead area graph - US Census

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The median household income in Hempstead in 2021 was $74,680. This represents a 39.0% change from 2011 when the median was $53,729.

#categorypercent
0Less than $10,0006.8%
1$10,000 to $14,9994.6%
2$15,000 to $19,9993.8%
3$20,000 to $24,9994.0%
4$25,000 to $29,9994.2%
5$30,000 to $34,9996.2%
6$35,000 to $39,9992.0%
7$40,000 to $44,9994.5%
8$45,000 to $49,9993.4%
9$50,000 to $59,9995.4%
10$60,000 to $74,9998.1%
11$75,000 to $99,99914.1%
12$100,000 to $124,9998.7%
13$125,000 to $149,9996.0%
14$150,000 to $199,99910.6%
15$200,000 or more7.6%

Neighborhoods in Hempstead

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Hempstead is $2,900.
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