Rent to own Homes in Hempstead, NY

Catch the Real Estate Market While It's in an Upswing: Home values in Hempstead rose 2.7% in 2013 and are expected to increase again within the next year. Put simply, there's no better time to pursue a rent to own plan. Look for spots near the Southern State Parkway and Route 25 if you need easy access to New York City.

Hempstead, NY is a great place for affordable rent-to-own homes! With a median household income of over $68,946 and a median rent of $1,483, the Hempstead, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hempstead, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Hempstead, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
138 The Knoll UNIT 138
Rent To Own
 
Single Family Home
Syosset, NY 11791
3
3
2000 ft2
1982
141-24 78th Avenue Avenue UNIT 2B
Rent To Own
Kew Garden Hills
Single Family Home
Flushing, NY 11367
3
1
0 ft2
1942
73-12 35th Ave #C6
Rent To Own
Northwestern Queens
Single Family Home
Jackson Heights, NY 11372
2
1
938 ft2
1940
24 OAKLAND AVE
Rent To Own
North Side
Single Family Home
Mount Vernon, NY 10552
4
4
2000 ft2
1930
351 OLD COUNTRY RD
Rent To Own
 
Single Family Home
Deer Park, NY 11729
3
1
942 ft2
1953
Hot
663 LENOX RD
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
3
2
1160 ft2
1920
726 E 45TH ST
Rent To Own
East Flatbush
Single Family Home
Brooklyn, NY 11203
3
2
1600 ft2
1920
343 E 74th St PENTHOUSE 1D
Rent To Own
Upper East Side
Single Family Home
New York, NY 10021
3
4
1862 ft2
1987
1 of 14 400 E 67TH ST
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10065
2
3
1418 ft2
2005
2131 Ocean Ave PH 7B
Rent To Own
Sheepshead Bay
Single Family Home
Brooklyn, NY 11229
3
3
1705 ft2
2019
1 of 12 1916 Ocean Ave, #10
Rent To Own
Midwood
Multifamily (2 - 4 Units)
Brooklyn, NY 11230
2
2
1151 ft2
2017
401 E 60TH ST #4C
Rent To Own
Upper East Side
Townhouse/Condo
New York, NY 10022
5
5
3500 ft2
2000
5900 ARLINGTON AVE #21B
Rent To Own
North Riverdale
Townhouse/Condo
Bronx, NY 10471
4
2
1580 ft2
1962
241 W 108TH ST #4C
Rent To Own
Upper West Side
Townhouse/Condo
New York, NY 10025
1
1
750 ft2
1911
1 of 14 225 E 34TH ST
Rent To Own
Murray Hill
Townhouse/Condo
New York, NY 10016
2
2
1110 ft2
2007
20 LEXINGTON HL #10
Rent To Own
Kips Bay
Townhouse/Condo
Harriman, NY 10926
2
2
960 ft2
1985
1 of 5 100 Clarewood Drive
Rent To Own
Greenburgh
Multifamily (2 - 4 Units)
Hastings-On-Hudson, NY 10706
1
1
776 ft2
1925
1 of 40 140 AVENUE O
Rent To Own
Bensonhurst
Townhouse/Condo
Brooklyn, NY 11204
2
2
807 ft2
2011
57 FRONT ST #704
Rent To Own
DUMBO
Townhouse/Condo
Brooklyn, NY 11201
2
2
1132 ft2
1899
Hot
1734 60TH ST
Rent To Own
Borough Park
Single Family Home
Brooklyn, NY 11204
3
2
2414 ft2
1905
2761 BATH AVE #3D
Rent To Own
Southern Brooklyn
Townhouse/Condo
Brooklyn, NY 11214
3
3
1153 ft2
1988
6010 Boulevard E #64
Rent To Own
West New York
Single Family Home
West New York, NJ 07093
2
2
1535 ft2
6928 5th Ave #3
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
3
1
1100 ft2
518-536 Gregory Ave #B201
Rent To Own
 
Single Family Home
Weehawken, NJ 07086
1
1
700 ft2
New
268 BAY RIDGE AVE
Rent To Own
Bay Ridge and Fort Hamilton
Townhouse/Condo
Brooklyn, NY 11220
2
2
1384 ft2
2015
9411 Shore Rd APT 5
Rent To Own
Bay Ridge and Fort Hamilton
Single Family Home
Brooklyn, NY 11209
2
1
1200 ft2
1960
22 Lighthouse Point Rd
Rent To Own
 
Single Family Home
Highlands, NJ 07732
3
4
2227 ft2
2017
328 UNION AVE
Rent To Own
Wood Ridge
Single Family Home
Wood Ridge, NJ 07075
4
2
2450 ft2
1946
7 CENTRE ST #6110
Rent To Own
 
Townhouse/Condo
Ocean, NJ 07712
2
2
1485 ft2
2021
67 MADISON CT
Rent To Own
 
Townhouse/Condo
Tinton Falls, NJ 07712
1
2
944 ft2
1998
1 of 11 1401 44TH ST
Rent To Own
Meadowview
Single Family Home
North Bergen, NJ 07047
3
4
2012 ft2
2006
53 MEAD AVE
Rent to Own Eligible
Byram
Single Family Home
Greenwich, CT 06830
3
2
1408 ft2
1894
19 CHURCH ST W #3
Rent to Own Eligible
Byram
Townhouse/Condo
Greenwich, CT 06830
3
2
1178 ft2
1909
33 MEADOW WOOD DR
Rent to Own Eligible
Central Greenwich
Single Family Home
Greenwich, CT 06830
5
5
5040 ft2
1976
New
2 HOMESTEAD LN #213
Rent to Own Eligible
Pemberwick
Townhouse/Condo
Greenwich, CT 06831
1
1
546 ft2
2005
633 STEAMBOAT RD #5
Rent to Own Eligible
Central Greenwich
Townhouse/Condo
Greenwich, CT 06830
2
4
2676 ft2
1989
56 RIVERDALE AVE
Rent to Own Eligible
Port Chester
Single Family Home
Greenwich, CT 06831
2
2
1270 ft2
1926
7 S CROSSWAY
Rent to Own Eligible
Eastern Greenwich
Single Family Home
Old Greenwich, CT 06870
6
5
5560 ft2
1905
41 GERRY ST
Rent to Own Eligible
Central Greenwich
Townhouse/Condo
Greenwich, CT 06830
6
5
2652 ft2
1998
14 WINDY KNLS
Rent to Own Eligible
Pemberwick
Single Family Home
Greenwich, CT 06831
5
4
1974 ft2
1941
2 Oneida Dr
Rent to Own Eligible
Central Greenwich
Townhouse/Condo
Greenwich, CT 06830
4
6
5575 ft2
2016
42 GERRY ST
Rent to Own Eligible
Central Greenwich
Townhouse/Condo
Greenwich, CT 06830
4
2
1727 ft2
1924
New
33 PEMBERWICK RD
Rent to Own Eligible
Pemberwick
Townhouse/Condo
Greenwich, CT 06831
3
3
1973 ft2
1910
New
17 ONEIDA DR
Rent to Own Eligible
Central Greenwich
Single Family Home
Greenwich, CT 06830
4
5
4977 ft2
2000
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Buying a Home in Hempstead, NY

Hempstead, NY is seeing rapid growth and Hempstead, NY's' housing market remains not optimal with an average home price that is 56% above the 2024 national average. Hempstead, NY is part of Nassau county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Nassau is 1.79% which is above the national average, which is 0.99%.

Median Home Price in Hempstead, NY

Median Rent in Hempstead, NY

Rent to own homes offer low monthly payments and flexible terms.

11 Reasons to Live in Hempstead, NY

Location, Location, Location: With Hempstead's high walkability score, residents can easily get around without having to own a car. In addition, this community's relatively close proximity to New York City makes weekend shopping sprees and business trips a piece of cake. West Hempstead and Franklin square are good places to start house hunting! With a 3% vacancy rate, there aren't many homes to go around but with a little perseverance, you can find the right one.

Spend a Little Less on Your Home: Rent to own houses and other residential properties can be had at bargain prices in Hempstead. Case in point, the median price per square foot in Hempstead is $177 compared to the $250 median price paid in the New York Metro area. Hempstead's median sale price of $242,875 confirms the affordability of real estate here. The main drags of Main street and Front Street offer great housing options.

Rent to Own Homes at Better Prices: The lower cost of living in Hempstead is a strong selling point. Contrast that with the $2,765 being paid in the New York Metro area. The nearby Wantagh Parkway offers easy access to Jones Beach, too, a popular place for residents to visit on the weekends!

The State Park: Hempstead Lake State Park boasts spots for grilling, fishing and biking to go with its tennis courts and basketball courts. The park also doubles as a place to go cross country skiing in the winter. Valley Stream State Park is another great park to relax or get some exercise.

Sample the Cuisine: Some of the top places to eat in the area include Taste of the Island and the highly touted pizza and pasta of Pizzatoni. In addition to those eateries, you also have the option of falling in love with Colombian food at Mi Tierrita.

Adventure Tours: Available to residents only, Adventure Tours lets you see Hempstead and the surrounding communities in style through the Department of Parks and Recreation Activities. So far in 2014, residents have visited Coney Island as well as an all-day trip to Connecticut. Who knows what's next?

Try the Nightlife: For a casual game of pool with food and drinks in the background, Raxx Pool Room, Sports Bar and Grill is a local gem. If you're looking for more action, Arco Iris Restaurant and Bar boasts great drinks and an awesome dance floor.

Fore: Perhaps you'd rather practice your golf swing. Merrick Golf Course and Lido Golf Club are two courses in the Town of Hempstead that will appeal to your love of the game. The Hempstead Golf and Country Club is a closer option that lets you combine all the fun of golf with the pleasure of socializing.

Rock Hall Museum: With its roots reaching back to before the Revolution, the Rock Hall Museum shows that the lifestyles of the rich and famous never get old. The stunning architecture alone will keep you enthralled. Take a tour, buy from the gift shop, or stop by during a storytelling.

Beaches and Pools: Whether you're getting in shape or you just want to cool off during the hot months, pools and beaches are always popular. Home to 22 pools, Hempstead delivers on this front. If you're looking for a beach, you can try either Lido Beach Town Park or Sands Family Picnic Beach.