Homestead Valley, CA
Population 2,772 · California
About Homestead Valley, CA
Homestead Valley is a small town located in California with a population of 2,772 residents according to the latest US Census Bureau American Community Survey data. The median household income is $39,954 per year, which is 47% below the national median of $75,149. The median age of 49.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Homestead Valley features a median home value of $214,800, which is 12% below the national median of $244,900. This positions Homestead Valley in a moderately priced market relative to the rest of the country. Median monthly rent is $992, 15% below the national average of $1,163/month. Of the 2,017 total housing units, 88% are owner-occupied (1,052 units) and 12% are renter-occupied (143 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Homestead Valley shows an unemployment rate of 14.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 32.2%, above the national average of 12.4%. Workers in Homestead Valley have an average one-way commute time of 36.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
13.1% of Homestead Valley 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 25.9% White, 6.9% Hispanic or Latino, 1.0% Black or African American, and 0.5% Asian residents, with 7.5% of the population being foreign-born.
Cost of Living in Homestead Valley, CA
Compared to national averages, Homestead Valley has a median household income of $39,954 (47% below the national median of $75,149). Home values average $214,800, which is 12% below the national median. Monthly rent at $992 is 15% below the US average of $1,163. Within California, Homestead Valley's income is 59% below the state average of $97,829, and home values are 67% below the state median of $653,874.
Why Live in Homestead Valley, CA?
Homestead Valley offers affordable housing with a median home value of $214,800, below the US average of $244,900, and rent that’s lower than the national average at $992/month.
Potential considerations include median household income ($39,954) that falls below the national average. However, Homestead Valley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Homestead Valley has a population of 2,772 with a median age of 49.4 years. Compare Homestead Valley with other cities to see how it stacks up, or explore all cities in California.
Similar Cities Near Homestead Valley
Cities in California with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pepperdine University | 2,772 | $179,868 | $763,900 | Compare |
| Angwin | 2,774 | $127,115 | $690,400 | Compare |
| Agua Dulce | 2,768 | $124,268 | $907,600 | Compare |
| Lexington Hills | 2,777 | $245,000 | $1,177,900 | Compare |
| Weed | 2,765 | $38,966 | $206,500 | Compare |
| Callender | 2,764 | $136,458 | $1,020,400 | Compare |
| Borrego Springs | 2,781 | $83,836 | $396,400 | Compare |
| Coronita | 2,782 | $106,815 | $596,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in California
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Homestead Valley With Other Cities
Frequently Asked Questions about Homestead Valley
What is the population of Homestead Valley, CA?
The population of Homestead Valley, CA is 2,772 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in California.
What is the median household income in Homestead Valley?
The median household income in Homestead Valley, CA is $39,954 per year, which is 47% below the national median of $75,149.
What is the median home value in Homestead Valley?
The median home value in Homestead Valley, CA is $214,800, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Homestead Valley?
The median monthly rent in Homestead Valley, CA is $992, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Homestead Valley?
The unemployment rate in Homestead Valley, CA is 14.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Homestead Valley, CA a good place to live?
Homestead Valley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,772 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Homestead Valley, CA?
13.1% of residents in Homestead Valley 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 Homestead Valley?
Key cost-of-living indicators for Homestead Valley, CA: median home value is $214,800 (12% below national), median rent is $992/month, and median household income is $39,954. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Homestead Valley?
The poverty rate in Homestead Valley, CA is 32.2%, 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 Homestead Valley, CA?
Homestead Valley's population is 25.9% White, 6.9% Hispanic or Latino, 1.0% Black or African American, 0.5% Asian, and 0.0% two or more races. 7.5% of residents are foreign-born.