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Preforeclosure Homes in Hempstead, NY 11520

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Living in Hempstead, NY

Hempstead, located on Long Island, is a vibrant community known for its diverse population and bustling local economy. The area offers a mix of suburban tranquility and urban amenities, providing residents with easy access to shopping, dining, and recreational activities. With its excellent schools and proximity to New York City, Hempstead is an appealing place for families and professionals alike.

Current Market Conditions in Hempstead, NY

The Hempstead real estate market remains competitive with rising home prices due to demand and limited inventory. Buyers are seeking homes in this diverse community, which offers convenient access to transportation and essential services.

Property values in Hempstead have increased as the area gains popularity among young professionals and families looking to settle in the suburbs while keeping their New York City commuting options open.

Home Value Estimator For Hempstead, NY

There are currently 8,230 real estate properties in Hempstead, NY, with a median automated valuation model (AVM) price of $607,129.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hempstead, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hempstead, NY, is $628,518.00, with the most expensive house in Hempstead, NY, topping out at $11,204,879.00 and the cheapest home in Hempstead, NY, clocking in at $12,758.00. In other words, there’s something for every potential homebuyer or savvy investor in Hempstead, NY!

Rent Prices In Hempstead, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hempstead, NY, is on a rollercoaster ride. The average rent price in Hempstead, NY, is $2,595.00. Indeed, when looking to rent in Hempstead, NY, you can expect to pay as little as $1,400.00 or as much as $5,240.00, with the average rent median estimated to be $2,590.00. The good news is that finding an affordable and desirable property to rent in Hempstead, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hempstead, NY 11520 Preforeclosure Homes


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