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Advertise here →Hempstead, TX · Market Data
Hempstead, Texas real estate market data.
Real estate market data for Hempstead, TX (Waller County) — Census median home value $145,700, county listing prices up about 4.3% over the past year.
Hempstead, TX is in Waller County, Texas — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,899, with a median household income of $58,288. Census data puts Hempstead's median home value at $145,700.
At a glance
Hempstead market snapshot
Population
5,899
Median Household Income
$58,288
Median Home Value (city)
$145,700
Median Gross Rent
$1,282/mo
Price Trend (YoY)
+4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Hempstead different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Hempstead's median home value — across all owner-occupied homes, not just recent sales — at $145,700.
County Price Trend
Waller County's FHFA house price index shows a 4.33% annual change in 2025.
Population & Income
Hempstead has an estimated population of 5,899 and a median household income of $58,288, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Hempstead's Census-reported median home value works out to about 2.5x the area's median household income, and median gross rent runs roughly 26% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Hempstead FAQ
What are home values like in Hempstead, TX?
The Census Bureau's American Community Survey puts Hempstead's median home value at $145,700.
What is the population of Hempstead, TX?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Hempstead's population at approximately 5,899.
What's the median rent in Hempstead, TX?
The Census ACS estimates median gross rent in Hempstead at approximately $1,282 per month.
What is the median household income in Hempstead, TX?
Census ACS data puts the median household income in Hempstead at approximately $58,288.
Is the Hempstead housing market growing?
Waller County's FHFA house price index shows a 4.33% annual change in 2025.
Is Hempstead, TX affordable relative to income?
Census ACS data puts Hempstead's median home value at about 2.5 times the median household income, with median gross rent equal to roughly 26% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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