Hempstead, TX
Population 5,899 · Texas
About Hempstead, TX
Hempstead is a small town located in Texas with a population of 5,899 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,288 per year, which is 22% below the national median of $75,149. The median age of 27.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Hempstead features a median home value of $145,700, which is 41% below the national median of $244,900. This makes Hempstead one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,282, 10% above the national average of $1,163/month. Of the 2,061 total housing units, 33% are owner-occupied (638 units) and 67% are renter-occupied (1,271 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Hempstead shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.1%, above the national average of 12.4%. Workers in Hempstead have an average one-way commute time of 32.5 minutes.
Education & Demographics
7.7% of Hempstead residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 29.7% White, 3.1% Hispanic or Latino, 0.0% Black or African American, and 4.0% Asian residents, with 15.5% of the population being foreign-born.
Cost of Living in Hempstead, TX
Compared to national averages, Hempstead has a median household income of $58,288 (22% below the national median of $75,149). Home values average $145,700, which is 41% below the national median. Monthly rent at $1,282 is 10% above the US average of $1,163. Within Texas, Hempstead's income is 20% below the state average of $72,726, and home values are 31% below the state median of $211,769.
Why Live in Hempstead, TX?
Hempstead offers affordable housing with a median home value of $145,700, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.7%.
Potential considerations include median household income ($58,288) that falls below the national average. However, Hempstead’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hempstead has a population of 5,899 with a median age of 27.2 years. Compare Hempstead with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Hempstead
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Krum | 5,896 | $111,316 | $286,300 | Compare |
| Wake Village | 5,887 | $69,796 | $172,900 | Compare |
| Littlefield | 5,886 | $56,312 | $75,400 | Compare |
| Wilmer | 5,876 | $58,837 | $111,200 | Compare |
| Venus | 5,874 | $97,039 | $253,500 | Compare |
| Lakehills | 5,872 | $85,409 | $242,000 | Compare |
| Childress | 5,964 | $59,662 | $84,200 | Compare |
| Shady Hollow | 5,821 | $168,477 | $644,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Hempstead With Other Cities
Frequently Asked Questions about Hempstead
What is the population of Hempstead, TX?
The population of Hempstead, TX is 5,899 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Hempstead?
The median household income in Hempstead, TX is $58,288 per year, which is 22% below the national median of $75,149.
What is the median home value in Hempstead?
The median home value in Hempstead, TX is $145,700, which is 41% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Hempstead?
The median monthly rent in Hempstead, TX is $1,282, which is 10% above the national average of $1,163/month.
What is the unemployment rate in Hempstead?
The unemployment rate in Hempstead, TX is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hempstead, TX a good place to live?
Hempstead offers a moderate cost of living, affordable housing, and a strong job market. With a population of 5,899 and a median age of 27.2, the city appeals to young professionals and families.
How educated is Hempstead, TX?
7.7% of residents in Hempstead aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hempstead?
Key cost-of-living indicators for Hempstead, TX: median home value is $145,700 (41% below national), median rent is $1,282/month, and median household income is $58,288. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hempstead?
The poverty rate in Hempstead, TX is 14.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Hempstead, TX?
Hempstead's population is 29.7% White, 3.1% Hispanic or Latino, 0.0% Black or African American, 4.0% Asian, and 51.3% two or more races. 15.5% of residents are foreign-born.