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

Hempstead, TX has a median modeled monthly cash flow of $-957 and a median cap rate of 2.3%, on a median sold price of $245,000. Prices changed +1.7% year over year.

What is the average cap rate in Hempstead, TX?

The median cap rate across recently sold homes in Hempstead, TX is 2.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Hempstead, TX?

The median sold price in Hempstead, TX is $245,000 (about $181 per square foot).

Investing in Hempstead, TX Real Estate

A data-driven snapshot of the Hempstead, TX 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.

$245,000Median sold price

$181Median $/sqft

2.3%Median cap rate

$-957Modeled cash flow / mo

+1.7%Appreciation YoY

7.0Months of supply

120Active listings

207Sold (last 12 mo)

What the Hempstead numbers say

In Hempstead, TX, the median home sold for $245,000 (about $181 per square foot), and the typical deal models out to a 2.3% cap rate with a median $-957 of monthly cash flow. Sold prices moved +1.7% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Texas markets to compare

See Hempstead cash-flowing listings

CashFlowRE ranks every for-sale home in Hempstead, TX 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.