Living in Hempstead
Key metrics and insights for homebuyers and sellers evaluating Hempstead, Nassau, NY 11550.
How far is Hempstead from New York City by train?
From Hempstead Station on the LIRR Hempstead Branch, scheduled weekday AM-peak service takes about 51 minutes to Penn Station, 48 minutes to Grand Central Madison, 51 minutes to Atlantic Terminal in Brooklyn (MTA LIRR timetable data).
Is Hempstead walkable?
Hempstead has a Walk Score of 73 out of 100, which Walk Score rates "Very Walkable", and a Transit Score of 44 out of 100.
Nearby Long Island Rail Road stations and typical weekday AM-peak travel times to the Manhattan and Brooklyn terminals. Many Hempstead residents use whichever station best fits their branch and schedule.
AM-peak travel times on scheduled LIRR service to Penn Station, Grand Central Madison, and Atlantic Terminal (Brooklyn). Based on MTA LIRR public timetable data.
Hempstead Market Data
Current market conditions and pricing trends for Hempstead, Nassau, NY.
Single-family, condo and co-op homes are measured separately — these medians are never blended together. Based on 227 recorded closings in ZIP 11550 between Sep 19, 2025 and Sep 19, 2026 — a settled trailing twelve months, ending about a month back so late-recorded closings are counted rather than missed. Days on market are medians, not averages. A property type with fewer than 8 closed sales in that window is left out rather than published on a sample too thin to mean anything.
Single-family prices in ZIP 11550 are up about 3% year over year, comparing 195 sales in the 12 months to September 19, 2026 with 210 in the 12 months to September 19, 2025. Over the past 2 years, single-family monthly median sale prices in ZIP 11550 have ranged from $600K to $700K.
Based on information from OneKey® MLS, for the period October 17, 2025 through September 24, 2026. Source: OneKey MLS (recorded LI sales, trailing 12mo) + actual tax. Based on 113 recorded sales. Property tax values shown are algorithmic estimates calculated from official NY State ORPS / NYC Department of Finance assessment data aggregated by school district (Long Island) or ZIP code (NYC). These figures are an educational baseline and do not represent a guaranteed or binding tax bill. Actual taxes vary based on individual assessed value, applicable exemptions (STAR, Senior, Veteran), historical grievances, village overlays, and special district levies. Verify exact tax with the Nassau County Assessor / Suffolk County Comptroller / NYC Department of Finance before any financial commitment.
Across 9 years of county-clerk records, 477 homes in the Hempstead school district were bought by a company and resold within two years. Over the whole period the typical one was bought for $235,500 and resold for $420,000, a median of 9.0 months later.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +5.2%, so most of the difference is not the market carrying the house.
What these homes resold for moved from a median of $342,000 in 2017 to $672,805 in 2025, up about 97% over the period.
The pandemic years cut against the intuition that investors moved in. Companies bought 32.4% of homes here in 2019, then 24.2% in 2020 and 22.6% in 2021 — the lowest share of the 9 years. In those two years companies won a smaller share, not a larger one. The number bought and resold within two years fell with it, from 98 in 2019 to 53 in 2021.
Since then it has reversed. Company buying reached 30.6% in 2025 — below its 2019 level of 32.4%.
In 2025, 33 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $411,541 and resold for a median of $672,805. Measured house by house, the typical resale was 52% above what that same buyer had paid, a median of 7.1 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +4.3%, so most of the difference is not the market carrying the house. 3% resold for less than they paid.
Companies bought 30.6% of the 206 homes sold in the Hempstead school district that year (63 of them).
In 2024, 35 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $340,000 and resold for a median of $640,000. Measured house by house, the typical resale was 84% above what that same buyer had paid, a median of 8.8 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +7.3%, so most of the difference is not the market carrying the house.
Companies bought 26.2% of the 233 homes sold in the Hempstead school district that year (61 of them).
In 2023, 38 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $357,000 and resold for a median of $590,000. Measured house by house, the typical resale was 69% above what that same buyer had paid, a median of 7.6 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +2.7%, so most of the difference is not the market carrying the house. 11% resold for less than they paid.
Companies bought 30.0% of the 253 homes sold in the Hempstead school district that year (76 of them).
In 2022, 42 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $275,000 and resold for a median of $549,999. Measured house by house, the typical resale was 94% above what that same buyer had paid, a median of 9.3 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +7.2%, so most of the difference is not the market carrying the house.
Companies bought 23.0% of the 291 homes sold in the Hempstead school district that year (67 of them).
In 2021, 53 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $260,000 and resold for a median of $490,000. Measured house by house, the typical resale was 95% above what that same buyer had paid, a median of 10 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +12.3%, so most of the difference is not the market carrying the house. 2% resold for less than they paid.
Companies bought 22.6% of the 323 homes sold in the Hempstead school district that year (73 of them).
In 2020, 68 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $243,000 and resold for a median of $400,000. Measured house by house, the typical resale was 60% above what that same buyer had paid, a median of 11 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +6.4%, so most of the difference is not the market carrying the house. 13% resold for less than they paid.
Companies bought 24.2% of the 327 homes sold in the Hempstead school district that year (79 of them).
In 2019, 98 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $210,000 and resold for a median of $370,000. Measured house by house, the typical resale was 82% above what that same buyer had paid, a median of 9.0 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +3.2%, so most of the difference is not the market carrying the house. 10% resold for less than they paid.
Companies bought 32.4% of the 451 homes sold in the Hempstead school district that year (146 of them).
In 2018, 74 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $168,000 and resold for a median of $345,000. Measured house by house, the typical resale was 96% above what that same buyer had paid, a median of 8.7 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +4.1%, so most of the difference is not the market carrying the house. 12% resold for less than they paid.
Companies bought 32.8% of the 433 homes sold in the Hempstead school district that year (142 of them).
In 2017, 36 homes in the Hempstead school district were resold by a company that had bought them within the previous two years. They were bought for a median of $157,000 and resold for a median of $342,000. Measured house by house, the typical resale was 118% above what that same buyer had paid, a median of 6.9 months earlier.
That difference is gross. Renovation, carrying, financing and selling costs are not recorded anywhere public, so it is the change in price, not a profit. Over a hold of that length prices across the county moved about +5.2%, so most of the difference is not the market carrying the house.
Companies bought 29.1% of the 405 homes sold in the Hempstead school district that year (118 of them).
Source: property transfers recorded with the county clerk, which cover every sale rather than only those listed for sale. Filings reach the state months after closing, so these figures run to December 2025 and describe what has already happened rather than the market today.
Between 2017 and December 2025, 265 homes in the Hempstead school district passed between family members rather than being sold — about 16 for every 100 that sold on the open market.
89% of them recorded no price at all, so they appear in no market statistic, no listing history and no sold comparable. They are counted here because the transfer itself is filed with the county clerk, whether or not money changed hands.
Counted from the reason recorded on each transfer with the county clerk, not from the price. Transfers filed only to add or remove a name on the deed are excluded — those are paperwork, not a change of owner. Where a filing gives no reason it is not counted, so these are minimum counts rather than a complete rate, and they run to December 2025.
Of the 62 homes for sale in Hempstead today, 17 are now asking less than they originally asked — 27.4%, against 36.1% across Nassau. 3 sellers have raised their asking price.
And among the homes that actually sold
Among the 215 homes that sold in Hempstead over the last twelve settled months, 29.8% had cut their price before they sold — up from 18.8% over the same twelve months a year earlier.
What each group got
Over those same twelve months, the 151 Hempstead homes that sold without ever reducing achieved 102.6% of their asking price in a median of 27 days. The 64 that did reduce achieved 93.2% of what they first asked, after 83 days.
Homes that never reduced and homes that did are different homes, priced differently from the start — these figures describe what each group did, not what a reduction causes. How any individual home performs depends on condition, layout, its position within Hempstead and how it shows, none of which a market median can capture.
Measured from the OneKey MLS feed, updated daily. A home counts as reduced when its current asking price is below the price it was first listed at — not against an estimate or against other homes. The for-sale figures describe homes available today; the sold figures describe closed sales between September 2025 and August 2026.
What This Means for Sellers
Hempstead reads as a Seller's Market: about 3.2 months of single-family supply, and homes sold in a median of 38 days over the past 12 months. If you're considering selling, this market rewards strategic pricing — not overpricing. A properly positioned listing will attract qualified buyers and maximize your net proceeds.
What This Means for Buyers
Buyers in Hempstead should be prepared to act quickly and come with strong offers. Pre-approval is essential, and buyers are generally better served retaining their own real estate attorney early to review the negotiation and contract. Expect competition, but don't overpay — there's a difference between being competitive and being reckless.
Thinking of selling your Hempstead home?
Town figures are the backdrop. Your street, price band and condition decide what your home would sell for. Start with a value range built from recent sales near you.
Or talk through your timing with us
No cost, no obligation · built from recent nearby sales
The listings that did not sell asked a median of $698,000 — 6% above the $660,000 median of the homes that closed. Counted over the trailing twelve months: every listing that closed, expired, was withdrawn or was terminated. Listings still active or under contract are not counted on either side. If the feed does not retain every withdrawn listing, the real figure is higher than the one shown, never lower.
Based on information from OneKey® MLS, for the period September 19, 2025 through September 19, 2026.
Flood informationHempstead: FEMA flood dataMedian NFIP cost, single-family homes, ZIP 11550: $750 a year (Aug 2026)
Based on 17 policies, a small sample.
Median yearly cost by FEMA zone: moderate- to low-risk zones (X, B, C) $750 (17 policies, small sample).
Cost trend, Nassau County
Median yearly cost of single-family NFIP policies taking effect each month.
In Nassau County, the typical monthly median yearly cost of single-family NFIP policies taking effect in June through August 2026 was $1,600, 8% higher than the typical month in June through August 2025 ($1,470). Based on 8,380 and 8,745 policies.
Check a specific address
Look up the FEMA flood zone for any address: FEMA Flood Map Service Center · FloodSmart (FEMA).
In the news
Flood data for Nassau County: costs by ZIP, trend and FEMA ratings →Calculated from FEMA policy data (as of Sep 8, 2026) and FEMA's NFIP residential penetration rates. Yearly cost is premium plus FEMA fees, single-family NFIP policies only; the insured share is residential NFIP contracts as a share of all residential buildings. Private flood insurance is not included. Not a flood-zone determination, insurance advice or a quote. Each building is priced individually.
What It's Like Living in Hempstead
Hempstead is one of Nassau's most established residential communities, offering a distinctive blend of suburban character and metropolitan accessibility. Located in the 11550 zip code, the community is served by the Hempstead Union Free School District.
With a median single-family sale price of $661,000 and a median recorded property tax of $12,700 a year across single-family sales in ZIP 11550 (Hempstead mailing area), Hempstead pairs an established housing stock with direct access to New York City. The commute to Manhattan averages approximately 48 min via the Long Island Rail Road.
Hempstead's housing splits across ownership forms — coops selling at a median of $229K, single-family homes selling at a median of $661K — and the differences go well beyond price. Day to day, apartment ownership trades yard work and building upkeep for a monthly charge and house rules; a house trades the monthly charge for full control — and full responsibility. Coops are the dominant apartment form in Hempstead — board approval and building-set financial requirements are part of most apartment purchases here.
Joseph's Insider Guide to Hempstead
Direct answers informed by 5,000+ closed transactions across Nassau, Suffolk, Queens and Brooklyn — not the canned content you'd find on any listing portal.
Is Hempstead a good place to live for commuters?
The LIRR connects Hempstead to Penn Station and Grand Central Madison in approximately 48 min, and the neighborhood carries a transit score of 44/100. Peak express service, station parking and walk-to-station distance vary by address, and those three factors decide what a commute actually looks like day to day.
What are property tax trends in Hempstead, NY?
Hempstead homeowners pay a median of approximately $12,700 a year in property taxes — the median of the tax figures actually recorded on homes sold here, not an estimate. The bill funds school-district, county, town, and special-district services. Taxes are assessed parcel by parcel, so two similar homes on the same street can carry very different bills — confirm the actual assessment on a specific address before relying on it.
Is now a good time to buy or sell in Hempstead?
The single-family market in ZIP 11550 (Hempstead mailing area) is currently a Seller's Market, with homes selling in about 38 days. Single-family sale prices in ZIP 11550 (Hempstead mailing area) changed +3% year over year. Timing decisions depend on your specific situation — contact Joseph for a no-cost strategy session tailored to your property and goals.
What makes Hempstead different from other Nassau communities?
Hempstead is a long-established community served by the Hempstead Union Free School District. Prices and activity vary by property type, school district, condition and price band; the figures above show where this market stands now.
What should buyers know before making an offer in Hempstead?
School district boundaries in Hempstead often run street by street — two blocks can mean a different school zone, so confirming a home's exact attendance zone before you make an offer matters. As an Associate Broker who is also an attorney, Joseph reads title and contract details differently than most agents — and when the facts of a deal are in front of him, he knows what's worth asking about. (Not a substitute for your own attorney's representation.)
Is Hempstead walkable for everyday living?
Hempstead has a Walk Score of 73/100, measured at a single point near the centre of Hempstead. Walkability varies street by street, so check the score for a specific address; the LIRR provides Manhattan access in approximately 48 min.
Planning a Move to Hempstead?
Get the Hempstead Relocation Guide — schools, commute options, live market data, and insider neighborhood details compiled by an Associate Broker who is also an attorney.
Explore Hempstead
The latest from Hempstead — local news, community events, and neighborhood highlights.
Schools in Hempstead, NY
Hempstead is served by the Hempstead Union Free School District. Attendance zones on Long Island are assigned street by street, so a Hempstead mailing address does not by itself determine which school a home is zoned for.
- Elementary
- Barack Obama Elemen School David Paterson School Jackson Main Elementary School Joseph McNeil School Rhodes Academy
- Middle
- Alverta B Gray Schultz Middle Sch
- High
- Hempstead High School
These are the schools recorded on homes sold in this district over the last 12 months — the district may also serve neighbouring communities. Zones can change and run street by street — we confirm the exact assignment for any home before you offer.
Median home value is the New York State ORPS assessment-roll median for the district. Typical annual tax and effective rate are the median recorded tax bill and that bill divided by the median sale price, across 137 recent sales carrying a reported tax figure — an observed cost ratio, not an official millage rate. District boundaries can cross town and postal lines, so always verify the district for a specific address.
See every Nassau school district, its schools and its tax rates →
School district boundaries on Long Island often run street by street, so a Hempstead mailing address doesn't guarantee a given school. We confirm a home's exact attendance zone before you make an offer.
What school district serves Hempstead?
Hempstead on the Map
Explore Hempstead and nearby areas. Zoom in to see neighborhoods, schools, transit, and local amenities.
Looking to Buy in Hempstead?
Browse available properties or let Joseph find the right home for you — with the read of an Associate Broker who is also an attorney.
Homes for Sale in Hempstead, NY
63 active listings currently on the market in Hempstead. Data refreshed from the MLS in real time.
Active 54d
Mid Rise
Active 33d
Cape Cod
Active 6d
Cape Cod
Active 22d
Colonial
Active 21d
Hi Ranch
Active 38d
Cape Cod
Listings courtesy of OneKey® MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 19, 2026 8:45 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Personal-use terms and which listings this site shows: MLS & Data Disclosures
Showing 6 of 63 active listings
View All 63 Listings in HempsteadRecently Closed in Hempstead
106 closed sales found. Recent transactions provide real-world context for current market values. For a full Comparative Market Analysis of your property, request a complimentary CMA.
← swipe to view all →
| Address | Type | Beds / Ba | Sq Ft | Closed | Sale Price | $/Sq Ft | DOM |
|---|---|---|---|---|---|---|---|
| Colonial | 3 bd / 2 ba | 1,580 | — | Sign in to view | — | 18d | |
| Cape Cod | 3 bd / 2 ba | 1,087 | — | Sign in to view | — | 21d | |
| Ranch | 2 bd / 1 ba | 720 | — | Sign in to view | — | 69d | |
| Colonial | 4 bd / 3 ba | 2,016 | — | Sign in to view | — | 20d | |
| Exp Ranch | 3 bd / 1 ba | 744 | — | Sign in to view | — | 25d | |
| Colonial | 3 bd / 2 ba | 1,703 | — | Sign in to view | — | 33d | |
| Cape Cod | 4 bd / 2 ba | 1,260 | — | Sign in to view | — | 3d | |
| Raised Ranch | 3 bd / 1 ba | 1,150 | — | Sign in to view | — | 40d | |
| Colonial | 4 bd / 2 ba | 1,766 | — | Sign in to view | — | 34d | |
| Colonial | 3 bd / 2 ba | 900 | — | Sign in to view | — | 9d | |
| Exp Ranch | 4 bd / 2 ba | 1,397 | — | Sign in to view | — | 52d | |
| Cape Cod | 3 bd / 3 ba | 1,257 | — | Sign in to view | — | 9d |
Source: OneKey MLS — Hempstead closed sales, last 180 days. Verify all figures independently before making decisions.
Get Your Home’s Value →Hempstead Real Estate FAQ
Expert answers to the most common questions about buying and selling in Hempstead.
How much does it cost to buy a home in Hempstead?
Is Hempstead a good place to buy a home, and who is it right for?
What are property taxes like in Hempstead, and can they be lowered?
What is the LIRR commute from Hempstead to Manhattan?
What is the median home price in Hempstead, and is it a buyer's or seller's market right now?
How are the schools in Hempstead?
Why work with Joseph DeVito to buy or sell in Hempstead?
Is a Hempstead address always in the school district buyers expect?
How do Hempstead school-district boundaries compare with Uniondale and West Hempstead?
Why are property taxes so different between similar homes in Hempstead?
Are Hempstead property taxes high compared with Uniondale, West Hempstead, and Nassau County overall?
What is the median sale price in Hempstead compared with Uniondale and West Hempstead?
Is Hempstead selling faster or slower than the Nassau County market right now?
What are the parking rules buyers should know at the Hempstead LIRR station near Hempstead?
Is Hempstead usually treated as part of the central Nassau corridor, or as its own real-estate market?
What makes one Hempstead home sell faster than another in the current market?
How have home prices changed in Hempstead?
Are sellers cutting prices in Hempstead?
What counts as a price reduction on this page?
Are price cuts in Hempstead becoming more or less common?
Do homes that cut their price in Hempstead sell for less?
Joseph DeVito is a New York Licensed Associate Real Estate Broker and a New York attorney. He does not act as both broker and attorney on the same transaction: here he acts as a real estate broker only, and he is not your attorney. Real estate services provided through Keller Williams Realty Greater Nassau are not legal representation. Everything on this site is general information for educational purposes only. It is not legal advice, it creates no attorney-client relationship, and it should not be relied on as legal advice — for advice about your own situation, consult your own attorney.
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How Hempstead Fits Into the Nassau County Market
Hempstead’s median sale price of about $661K sits about 21% below the Nassau County median of about $832K. These are whole-county figures over a settled trailing 12 months — the same data behind our full Nassau County reports.
County medians describe the wider market, not any specific property, and are not a valuation of a home in Hempstead.
Markets Near Hempstead
The closest Nassau communities we track, with their current median sale price, median days on market, and market condition — useful for widening or narrowing a search.
Live OneKey MLS medians from recent closed sales, refreshed daily. Market condition reflects months of supply. Figures describe each market, not any specific home.
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Buy or Sell in Hempstead, NY With an Associate Broker Who Knows Which Questions to Ask
Joseph DeVito has been part of more than 5,000 closed transactions across Nassau County, Suffolk County, Queens, and Brooklyn. As an Associate Broker who is also an attorney, he reads a deal differently than most agents — and when the facts of your Hempstead deal are in front of him, he knows the contract and title questions worth asking.
Also explore: Buyer Resources · Selling Your Home · All Nassau Communities · Nassau County Housing Market Outlook · Nassau County Days on Market Report · Nassau County School & Tax Breakdown