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

West Hempstead, NY has a median modeled monthly cash flow of $-1,891 and a median cap rate of 3.3%, on a median sold price of $790,000. Prices changed +3.4% year over year.

What is the average cap rate in West Hempstead, NY?

The median cap rate across recently sold homes in West Hempstead, NY is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in West Hempstead, NY?

The median sold price in West Hempstead, NY is $790,000 (about $470 per square foot).

Investing in West Hempstead, NY Real Estate

A data-driven snapshot of the West 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.

$790,000Median sold price

$470Median $/sqft

3.3%Median cap rate

$-1,891Modeled cash flow / mo

+3.4%Appreciation YoY

13.7Months of supply

106Active listings

93Sold (last 12 mo)

What the West Hempstead numbers say

In West Hempstead, NY, the median home sold for $790,000 (about $470 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-1,891 of monthly cash flow. Sold prices moved +3.4% over the past year. Inventory sits at about 13.7 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 West Hempstead cash-flowing listings

CashFlowRE ranks every for-sale home in West 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 West Hempstead deals, or browse the national market data.