Hempstead is the largest incorporated village on Long Island — a diverse, transit-connected community with LIRR service to Penn Station, Hofstra University nearby, strong investor demand, and home prices that remain among the most accessible in all of Nassau County for families and investors alike.
Zip code 11550 covers the Village of Hempstead, the most populous incorporated village on Long Island, located in the Town of Hempstead in Nassau County. The village has a predominantly Caribbean-American, Black, and Latin American population with a rich history of civic activism and cultural diversity. Hempstead’s downtown commercial center, anchored by Fulton Avenue and Main Street, has seen renewed investment over the past decade, with new mixed-use development, improved streetscaping, and growing restaurant and retail activity. Hofstra University, adjacent to the village, and Adelphi University in nearby Garden City create a consistent academic and institutional presence that supports the local economy and drives rental demand.
Housing in 11550 is a mix of detached single-family Cape Cods and colonials, two-family homes, and some multifamily rental properties — a more varied stock than many Long Island villages. Lot sizes are typically 40×100 to 60×100. The LIRR Hempstead Branch serves the village at Hempstead station with frequent service to Penn Station (approximately 35–45 minutes) and Atlantic Terminal in Brooklyn. This transit access is unusually strong for Nassau County and drives demand from commuters. For investors, Hempstead offers one of the lowest price-per-unit entry points in Nassau County with consistent rental demand. Nassau County property taxes are a meaningful ownership cost and buyers should budget $8,000–$14,000 per year on average.
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In Hempstead village, annual property taxes on a typical single-family home typically range from $8,000 to $14,000 per year depending on assessed value and any exemptions. Homeowners who qualify for STAR, Enhanced STAR, veteran, or senior exemptions can reduce this meaningfully. Always request a current tax bill and calculate the full ownership cost before making an offer.
Hempstead is one of Nassau County’s most active markets for investors. Rental demand is strong from multiple sources: LIRR commuters, employees of nearby hospitals, and the university population. Entry prices are lower than most Nassau County markets, and cap rates for two-family properties can be attractive. Investors should carefully evaluate Nassau County’s property tax burden in their return calculations.
In 2024–2025, single-family homes in Hempstead village typically sell in the $450,000–$650,000 range. Updated Cape Cods and colonials on standard lots are in the mid-range; larger two-family properties or homes with recent renovations push toward $600,000–$700,000. Nassau County’s high property taxes mean monthly carrying costs are significant regardless of purchase price.
The LIRR Hempstead Branch provides direct service from Hempstead station to Penn Station in approximately 35–45 minutes depending on the train. Peak-hour trains run frequently. Atlantic Terminal in Brooklyn is approximately 25–35 minutes via the LIRR. This is one of Hempstead’s strongest assets for buyers who commute to Manhattan or Brooklyn.
We serve buyers and sellers throughout Nassau County. Hempstead’s investor market in particular is one we know well. Call to discuss your goals.
(917) 705-0132Available 7 days a week. Evening appointments available.
Nitin K. Gadura, NYS Lic. #10401383405 · Vinod K. Gadura, NYS Broker Lic. #10991238487 · Gadura Real Estate LLC · 106-09 101st Ave, Ozone Park, NY 11416