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.
More Hempstead, NY Property Resources
Rent to own Homes in Cities Near Hempstead, NY
- Amityville
- Asharoken
- Babylon
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayville
- Bellmore
- Compo
- Cos Cob
- Darien Downtown
- East Garden City
- East Meadow
- East Northport
- East Rockaway
- Elwood
- Flower Hill
- Freeport
- Glen Head
- Greenlawn
- Greens Farms
- Halesite
- Hauppauge
- Herricks
- Hewlett Harbor
- Huntington Bay
- Lake Ronkonkoma
- Levittown
- Lindenhurst
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Massapequa Park
- Muttontown
- North Amityville
- North Merrick
- Northport
- North Wantagh
- Norwalk
- Roslyn Heights
- Salisbury
- South Hempstead
- Stony Brook
- West Hills
- West Islip
- Westport Village
- Wheatley Heights
- Williston Park
- Wyandanch
Neighborhoods in Hempstead, NY
No neighborhoods foundBuying 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
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.