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Hempstead village, NY

ZIP 11550 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 11550

Median Home Value
$446,500
Median Rent
$1,551
Affordability Snapshot
$123,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,868/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 11550 in Hempstead village, NY, a household would need roughly $123,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,868. That is about 42% above the local median household income ($86,904), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
48.1%-26% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
88.9%+2% vs US avg
x
4+ Bedrooms
7.5%-50% vs US avg
x
Built Pre-1939
15.2%+18% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.0%-34% vs US avg
x
Mortgage-Free
27.1%-29% vs US avg
x
$446,500
Home Value
$1,551
Rent
1956
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.2%
  • 1-unit attached2.5%
  • 2-9 units12.2%
  • 10+ units37.6%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$446,500
Median rent$1,551
Owner-occupied48.1%
Vacant7.9%
Price-to-income5.1x
Est. income to buy$123,000