ZIP Code · NY

ZIP 11550

Part of Hempstead, NY

Pop. 60,960·Nassau County·112th most expensive ZIP in New York

Median rent (all units)

$3,106/mo

Year-over-Year

-0.5%

Month-over-Month

-6.0%

vs US Median

+$1,174

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 11550 · $3,106

More expensive than 92% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,730

1 BR

$2,060

2 BR

$2,380

3 BR

$3,090

4 BR+

$3,260

Research median

$2,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New York

Rent in ZIP 11550 changed -0.5% over the year to September 2026. Across the 251 New York ZIP codes Zillow tracks, the typical change was +5.6%.

Recent direction

Rent has fallen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($92,677) is $2,317 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,060); a 2-bedroom is $2,380.

Cheaper nearby

ZIP 11366, 9 miles away, rents for 22% less ($2,425/mo), about $8,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 11550. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$37,272/yr

At $3,106/mo median

Location

CityHempstead

StateNY

CountyNassau County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.5% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-0.5% YoY, -6.0% MoM), not inventory.

Demographics

Who lives here

ZIP 11550 (Hempstead, NY) is roughly split between renters and owners, has a median income above the national average, 21.9% of residents hold a bachelor's degree or higher.

Population

60,960

Median income

$92,677

Median age

38.8

Renters

50.3%

Age distribution

22.3%

23.4%

27.6%

12.8%

13.9%

Under 1822.3%

18–3423.4%

35–5427.6%

55–6412.8%

65+13.9%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

44.1%

44.5%

White7.8%

Black44.1%

Hispanic44.5%

Asian2.8%

Other0.8%

Education (25+)

23.8%

31.1%

23.3%

21.9%

No HS diploma23.8%

HS diploma31.1%

Some college23.3%

Bachelor's+21.9%

Housing tenure

49.7%

50.3%

Owner49.7%

Renter50.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 11550 in Hempstead, NY has changed in 5 years

Income

$76,430 → $92,677

up 21.3%

Population

60,673 → 60,960

up 0.5%

Renter share

53.3% → 50.3%

-3.0 pts

Bachelor's+

18.3% → 21.9%

+3.6 pts

Median age

35.6 → 38.8

+3.2 yrs

Census figures show median household income at $92,677 today, compared with $76,430 five years earlier. Renters now make up 50.3% of households, compared with 53.3% five years ago. College-educated residents now make up 21.9% of adults here, versus 18.3% in 2021.

Community

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Local insights

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About renting in ZIP 11550

Last updated: October 17, 2026

ZIP code 11550 covers Hempstead, NY. The median rent here is $3,106/mo as of October 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,380/mo.

At 40% of local median household income ($92,677/yr), ZIP 11550 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 11550?

To keep rent at or below 30% of gross income, you would need to earn at least $124,000/year (about $60/hour full-time) to afford the median rent of $3,106/mo in ZIP 11550. The local median household income is $92,677/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 11550?

Rent in ZIP 11550 has fallen 0.5% over the past year.

How does ZIP 11550 compare to other ZIPs in New York?

ZIP 11550 is one of the pricier among New York ZIP codes for rent, ranking #112 of 334 at $3,106/mo. Over the year to September 2026, rent in ZIP 11550 changed -0.5%, against a typical +5.6% across the 251 New York ZIP codes Zillow tracks.