West Hempstead, New York Housing Market Prices
West Hempstead Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 27% above the New York median$600,928
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Median rent 83% above the New York median$2,966
Housing Market Overview
| Metric | West Hempstead | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $600,928 | $471,885 | $248,835 |
| Price Trend (Annual %) | 6.8% | 7.1% | 7.5% |
| Median Gross Rent | $2,966 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 8.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Hempstead is about 27% higher than in New York. Rent is about 83% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in West Hempstead, up about 6.8% and 8.0% a year respectively. Rent is changing faster.
Median rent in West Hempstead rose about 82.4% between 2015 and 2024, from $1,626 to $2,966. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in West Hempstead.
Buying the median-priced home in West Hempstead costs roughly 16.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Hempstead. The price-to-rent ratio in New York is about 24.3.
| Metric | West Hempstead | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $600,928 | $471,885 | $248,835 |
| Median Household Income | $161,495 | $86,556 | $80,455 |
| Price-to-Income Ratio | 3.7 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in West Hempstead rose about 69.3%, while median household income rose about 65.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Hempstead | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 87.8% | 48.8% | 58.5% |
| Rental Rate | 9.1% | 41.1% | 31.2% |
| Vacancy Rate | 3.0% | 10.1% | 10.2% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
West Hempstead has a homeownership rate of 87.8%, higher than the New York average of 48.8%. Its housing vacancy rate is 3.0%, compared with 10.1% in New York.
Housing Stock
| Metric | West Hempstead | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.36 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1950 | 1960 | 1978 |
| Median Number of Rooms | 7.0 | 5.0 | 5.5 |
The typical housing unit in West Hempstead was built around 1950. On average, 3.4 people live in a home with about 7.0 rooms, staying for about 20.0 years on average.
West Hempstead, NY Housing Compared With Nearby Cities
How West Hempstead, NY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| West Hempstead, NY | 20,645 | $600,928 #2/2 | $2,966 #1/2 | 90.6% #1/2 |
| Franklin Square, NY | 30,917 | $731,555 | $2,101 | 83.2% |
Frequently Asked Questions
Common questions about the housing market in West Hempstead, New York.
What is the median home price in West Hempstead, New York?
The median home price in West Hempstead, New York is $600,928, higher than the New York average of $471,885.
What is the average home price in West Hempstead, New York?
The typical home price in West Hempstead, New York, reported as the median sale price, is $600,928. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in West Hempstead, New York?
The median gross rent in West Hempstead, New York is $2,966 per month, higher than the New York average of $1,621.
What was the median gross rent in West Hempstead in 2020?
In 2020, the median gross rent in West Hempstead, New York was $1,901 per month.
What is the price-to-rent ratio in West Hempstead, New York?
The price-to-rent ratio in West Hempstead, New York is about 16.9, meaning it would take roughly 16.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Hempstead.
Are home prices or rent rising faster in West Hempstead, New York?
Both home prices and rent are rising in West Hempstead, up about 6.8% and 8.0% a year respectively. Rent is changing faster.
What is the homeownership rate in West Hempstead, New York?
87.8% of households in West Hempstead, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in West Hempstead, New York?
The housing vacancy rate in West Hempstead, New York is 3.0%, lower than the New York average of 10.1%.
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