Hempstead Village, New York Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hempstead Village, New York rental market.
Hempstead Village, New York
Average Apartment Rent
$2,479
Y-o-Y Change in Average
Apartment Rent
2.7%
As of March 2026
Compared to a year ago, Hempstead Village, New York apartments have recorded a 2.7% rent increase.
Hempstead Village, New York Average apartment rent trend
Hempstead Village, New York Average Apartment Rent
Hempstead Village, New York Apartment rent ranges
At 38.37%, apartments priced $2,000 - $2,500 represent the bulk of Hempstead Village, New York rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.26%.
Hempstead Village, New York Housing tenure**
Renters take up 56% of Hempstead Village, New York real estate, occupying a total of 9,502 units, while homeowners live in 7,528 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$46,746
Average household size of renter-occupied housing units**
3.14
Rental vacancy rate**
9.7%
Hempstead Village, New York Renter-occupied housing units by no. of bedrooms**
There are 3,128 rentals in Hempstead Village, New York with 1 bed making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 163 units. Overall, the median number of rooms in Hempstead Village, New York homes for rent is 4.
Hempstead Village, New York Renter-occupied units by age of householder**
Most condos for rent in Hempstead Village, New York are occupied by residents in the 45 - 54 years age group (20%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Hempstead Village, New York Renter-occupied housing units by family type**
Hempstead Village, New York Renter-occupied housing units by the presence of own children**
A total of 6,582 apartments for rent in Hempstead Village, New York, or 69% of all rentals are family households. Additionally, 47% of rental homes include children under the age of 18 – that’s 4,476 units. All in all, the median size of a renter-occupied household in Hempstead Village, New York is 3.14.
Hempstead Village, New York Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 28% of the homes for rent in Hempstead Village, New York.
Hempstead Village, New York Renter-occupied units by year structure built**
The highest share of Hempstead Village, New York apartment rentals, namely 22% or 2,120 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (19%, 1,777 units), and the ones Built 1939 or earlier (17%, 1,583 units).
Hempstead Village, New York Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most Hempstead Village, New York renters (40%) moved in 2010 to 2017, while only 2% of them moved in 2021 or later. Overall, the median year renters have occupied their Hempstead Village, New York condos for rent is 2013.
Hempstead Village, New York Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Hempstead Village, New York renters have 1 vehicle available per household, 35% of them have No vehicle available, and 14% have 2 vehicles available.
Hempstead Village, New York Means of transportation to work of householders living in renter-occupied housing units**
Hempstead Village, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hempstead Village, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
