Market Overview
Home Prices in South Hempstead, NY
The median home value in South Hempstead, NY is $717,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 7.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Hempstead are priced75% above average. South Hempstead is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, South Hempstead home values have risen by approximately38.6%, reflecting strong long-term appreciation in this market.
Price History
South Hempstead Home Price Trend
City Comparison
South Hempstead vs. National Median
At $717,655, homes in South Hempstead cost 75% above the national median of $410,000. Buyers in South Hempstead should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in South Hempstead?
20% Down Payment
$143,531
on $717,655
Monthly P&I
$3,743/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,754/mo
incl. taxes & insurance
Income Needed
$190,160
gross annual (30% rule)
10% Down Option
$71,766
+ PMI applies
Loan Amount (20% dn)
$574,124
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in South Hempstead, NY?
The median home value in South Hempstead is $717,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in South Hempstead?
Over the past year, home values in South Hempstead have increased by 5.1%. Over five years, prices have risen approximately 38.6%.
How much do I need to earn to buy a home in South Hempstead?
To comfortably afford the median home price of $717,655 with a 20% down payment ($143,531) at today's rates (6.8%), you'd need a gross annual income of approximately $190,160. This assumes keeping total housing costs at or below 30% of gross income.
How does South Hempstead compare to the national average home price?
The national median home value is approximately $410,000. At $717,655, homes in South Hempstead are 75% above the national average.
What metro area is South Hempstead part of?
South Hempstead is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.