Hempstead, TX—77445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hempstead, TX
As of Oct '25, the median home price in Hempstead, TX is $278,000, with a year-over-year change of -1.9%. This indicates that home prices in Hempstead, TX are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $278,000 | -1.9% |
| Single Family | $278,000 | -1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | -1.5% |
3 Bed | $270,000 | -0.7% |
4 Bed | $335,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hempstead, TX
As of July '25, Rentcast reports the average rent in Hempstead, TX is $1,550, with a year-over-year rent change of 23.0%. Per bedroom, the median rent as of July '25 in Hempstead, TX is 1-bedrooms: $922, 2-bedrooms: $1,130, 3-bedrooms: $2,030, 4-bedrooms: $1,980. The most common rental property sizes in Hempstead, TX are 2-bedroom and 3-bedroom, accounting for 49.4% and 37.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $740 | $922 |
| 2 Bed Rent | $925 | $1,130 |
| 3 Bed Rent | $1,900 | $2,030 |
| 4 Bed Rent | $770 | $1,980 |
% of Rental Stock
Property Listings — Hempstead, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Hempstead, TX is 73. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $355,000 | -1.0% |
Listing Count | 89 | 38.0% |
| Listings as % of Homes | 1.4% | 38.0% |
Days on Market | 73 | 14.0% |
Demographics — Hempstead, TX
As of the latest ACS Survey released in 2023, Hempstead, TX has a population of 14,900, which has increased by 10.5% over the past 5 years. Hempstead, TX is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | 10.5% |
% Under 18 | 24.0% | -15.8% |
% Seniors | 16.0% | 19.4% |
% WFH | 4.3% | 168.7% |
% w/ College Degree | 12.8% | -28.1% |
As of the latest ACS Survey released in 2023, Hempstead, TX is a predominantly hispanic area, with 34.1% of the population identifying as hispanic. The hispanic population has grown by 11.4% in the last 5 years. The second most common race or ethnicity in Hempstead, TX is black, making up 31.8% of the population. Foreign-born residents account for 12.5% of the population in Hempstead, TX, and this percentage has decreased by 8.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 31.7% | -10.5% |
% Black | 31.8% | 0.3% |
% Hispanic | 34.1% | 11.4% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 12.5% | -8.1% |
Mortgage and Risk — Hempstead, TX
According to HUD data as of 2023, there were 241 mortgage originations in Hempstead, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Hempstead, TX. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 241 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Hempstead, TX
As of 2024, the percent of homes in Hempstead, TX under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hempstead, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 69 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $740 | $1,050 |
| 2 Bedroom | $335 | $925 | $1,260 |
| 3 Bedroom | -$220 | $1,900 | $1,680 |
| 4 Bedroom | $1,350 | $770 | $2,120 |
Affordability — Hempstead, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $278,000 |
| Median Household Income | $63,600 |