Real Estate Market Update for Hempstead, NY
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 36% from one year earlier, and up 5% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 240-thousand dollars. The number of units sold increased 50% year-over-year, and increased 125% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Hempstead, NY
Area Information for Hempstead, NY
  • Population: 767,950
  • Median Age: 39.41 yr
  • Median Commute Time: 29.04 mins
  • Educational Climate*: 4
  • Sales Tax: 8.625%
  • Population Density: 6,476/sq mi
  • Population Change Since 2000: 1.56%
  • Closest Airport: John F Kennedy International
  • Closest College: Molloy College
  • Closest Jr. College: Business Informatics Center
  • Median Household Income: $92,263
  • Annual Residential Turnover: 10.48%
  • Median Years in Residence: 6.02 yr
  • Median Home Sales Price: $350,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 33%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Hempstead, NY
Median Age: 39.41 Married: 36% Number of Households: 250,430 Households with Children: 96,157
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Hempstead, NY

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Little Red Train Private School 0.3 mi Private PRESCHOOL-K 0 0
      Barak Obama Elementary School 0.3 mi Public 1-5 1 4
      California Avenue Elementary School 0.5 mi Public K-5 2-5 4
      St Martin De Porres Marianist School 0.5 mi Catholic PRESCHOOL-8 0 3
      Hempstead Early Childhood Center 0.6 mi Public 1-5 0 3
      Jackson Main Elementary School 0.7 mi Public 1-5 1 3
      Jackson Annex School 0.7 mi Public 1-5 1 0
      Alverta B Gray Schultz Middle School 0.8 mi Public 6-8 1 3
      Northern Parkway Elementary School 0.8 mi Public K-5 2-5 4
      Hanc Middle And High School 0.8 mi Private 7-12 0 5
      Prospect Elementary School 0.9 mi Public K-5 0 0
      Pat Kam School And Early Childhood Center 0.9 mi Private PRESCHOOL-5 0 4
      Lawrence Road Middle School 1.1 mi Public 6-8 3 3
      Franklin School 1.1 mi Public 1-5 1 3
      Uniondale High School 1.2 mi Public 9-12 2 3
      Academy Charter School 1.2 mi Public K-6 3-5 3
      Walnut Street Elementary School 1.3 mi Public K-5 3 4
      Crescent School 1.3 mi Private PRESCHOOL-12 0 3
      Evergreen Charter School 1.4 mi Public K-5 1 4
      Turtle Hook Middle School 1.4 mi Public 6-8 3 0
      Smith Street Elementary School 1.4 mi Public K-5 3 5
      Marshall School 1.4 mi Public PRESCHOOL-PRESCHOOL 0 0
      Hempstead High School 1.4 mi Public 9-12 1 2
      Sacred Heart Academy 1.5 mi Catholic 9-12 0 4
      Kellenberg Memorial High School 1.5 mi Catholic 6-12 0 4
      Fulton School 1.6 mi Public 1-5 1 0
      David Paterson School 1.6 mi Public - 0 0
      Barnum Woods School 1.7 mi Public K-5 4-5 4
      William S Covert Elementary School 1.9 mi Public K-5 4-5 5
      St Thomas The Apostle School 2.0 mi Catholic PRESCHOOL-8 0 4
      George Washington School 2.4 mi Public 1-5 3-5 4
      Chestnut Street School 2.5 mi Public K-2 0 4
      Woodland Middle School 2.5 mi Public 6-8 4-5 4
      Mcvey Elementary School 2.6 mi Public K-5 5 4
      Hanc West Hempstead 2.8 mi Private K-6 0 1
      West Hempstead High School 3.0 mi Public 9-12 3 4
      West Hempstead Middle School 3.0 mi Public 6-8 3-5 4
      East Meadow High School 3.1 mi Public 9-12 4 3
      Meadowbrook Elementary School 3.7 mi Public K-5 5 5
      Parkway School 3.9 mi Public K-5 4-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Hempstead, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.