Is Hempstead, NY a good place to invest in rental property?

Hempstead, NY has a median modeled monthly cash flow of $-652 and a median cap rate of 5.1%, on a median sold price of $655,000. Prices changed +5.0% year over year.

What is the average cap rate in Hempstead, NY?

The median cap rate across recently sold homes in Hempstead, NY is 5.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hempstead, NY?

The median sold price in Hempstead, NY is $655,000 (about $417 per square foot).

Investing in Hempstead, NY Real Estate

A data-driven snapshot of the Hempstead, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$655,000Median sold price

$417Median $/sqft

5.1%Median cap rate

$-652Modeled cash flow / mo

+5.0%Appreciation YoY

9.4Months of supply

151Active listings

193Sold (last 12 mo)

What the Hempstead numbers say

In Hempstead, NY, the median home sold for $655,000 (about $417 per square foot), and the typical deal models out to a 5.1% cap rate with a median $-652 of monthly cash flow. Sold prices moved +5.0% over the past year. Inventory sits at about 9.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Hempstead cash-flowing listings

CashFlowRE ranks every for-sale home in Hempstead, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Hempstead deals, or browse the national market data.