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Affordable
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These days, finding an affordable place to live in the Hempstead area can be challenging. Home prices in Hempstead are now at a median cost of $253,114, lower than the Texas average of $322,096.
The average cost of rent is $1,176/mo in Hempstead, primarily driven by the current value of real estate in the Hempstead area. In Hempstead, 40.58% of households rent, and 54.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hempstead is $6,011 per month. Households that rent pay about 19.57% of their income on rent here. Hempstead’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- River Oaks, TX: equally priced homes
- Millstadt, IL: equally priced homes
- Milltown, NJ: higher priced homes
- Milton, VT: higher priced homes
- Milton, WV: less expensive homes
- Monee, IL: higher priced homes
- Rhome, TX: higher priced homes
- Richland Hills, TX: equally priced homes
- Richmond Heights, MO: higher priced homes
- Richmond, MI: equally priced homes
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