Market Overview
Home Prices in Hempstead, TX
The median home value in Hempstead, TX is $294,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hempstead are priced28% below average. Hempstead is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Hempstead home values have risen by approximately11.2%, reflecting steady appreciation in this market.
Price History
Hempstead Home Price Trend
City Comparison
Hempstead vs. National Median
At $294,489, homes in Hempstead cost 28% below the national median of $410,000. This makes Hempstead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hempstead?
20% Down Payment
$58,898
on $294,489
Monthly P&I
$1,536/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,951/mo
incl. taxes & insurance
Income Needed
$78,040
gross annual (30% rule)
10% Down Option
$29,449
+ PMI applies
Loan Amount (20% dn)
$235,591
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 Hempstead, TX?
The median home value in Hempstead is $294,489 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Hempstead?
Over the past year, home values in Hempstead have increased by 0.3%. Over five years, prices have risen approximately 11.2%.
How much do I need to earn to buy a home in Hempstead?
To comfortably afford the median home price of $294,489 with a 20% down payment ($58,898) at today's rates (6.8%), you'd need a gross annual income of approximately $78,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Hempstead compare to the national average home price?
The national median home value is approximately $410,000. At $294,489, homes in Hempstead are 28% below the national average.
What metro area is Hempstead part of?
Hempstead is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.