Real Estate Investing in Hempstead, New York (11550)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 11550 (Hempstead, NY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Hempstead, NY (11550)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 11550 Hempstead
From a cash-flow lens, ZIP 11550 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $655K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 11550 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within NY, ZIP 11550 trails on several market indicators that neighboring Nassau County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 11550 ZIP's population of 60,658 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategy in 11550 is an operator game, not a passive one. In practical terms, entry prices of $655K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hempstead:
Property Strategy for 11550
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $509,764 | $2,380 | 3.4% | +8.8% | $254,882 |
| 3BR | $620,728 | $3,090 | 3.6% | +8.1% | $206,909 |
| 4BR | $657,000 | $3,260 | 3.6% | +8.0% | $164,250 |
| 5BR | $701,235 | — | — | +8.3% | $140,247 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 11550 Compare?
| Metric | 11550 | Hempstead | New York |
|---|---|---|---|
| Home Value | $655,023 | $327,512 | $505,608 |
| 5-Year CAGR | 6.7% | 6.7% | 6.6% |
| Avg Rent | $3,480 | $3,480 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 11550 (Hempstead, NY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 11550 (Hempstead, NY)?
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Property managers serving Nassau County
Manage rentals here? List your business →Bell Realty Management, Inc. is a premier management company for apartment houses, retail, office, mixed-use, and various commercial properties in NYC and Long Island. summary from their website
Cain Realty Management Corp. is a family-owned and operated industrial and commercial property management company in Plainview, NY. summary from their website
Boraie Development creates and manages visionary communities in New Jersey's urban centers, focusing on transformative projects. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $655,023 |
| Monthly Rent | $3,480 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 11550
Population: 60,658
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 11550
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 719 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the smart move for investors in Hempstead, NY?
A careful cash-flow rentals with hands-on management strategy Hempstead, NY best. The market produces consistent results for that approach at the $655K price point.
Does a duplex house hack pencil in Hempstead, NY?
House hacking in Hempstead, NY is reasonable to execute. Prices around $655K and rents of $3,480/mo solid owner-occupant economics.
Should investors consider Hempstead, NY?
Hempstead, NY sits at an investability rating of 3.0/5, with median home values near $655K and average rents around $3,480/mo. That combination puts it in the sturdy tier for investor interest.
Are there empty rentals in Hempstead, NY?
Hempstead, NY carries elevated vacancy risk. Expect reliable absorption at market rents of $3,480/mo.
What is the typical home price in Hempstead, NY?
Median home price in Hempstead, NY is near $655K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
You know 11550 now. You don’t know where it ranks.
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How 11550 ranks in New York-Newark-Jersey City, NY-NJ-PA
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