Homestead, FL
Population 80,725 · Florida
About Homestead, FL
Homestead is a mid-sized city in Florida with a population of 80,725 residents. The median household income is $61,975 per year, which is near the national average. The median age in Homestead is 32.3 years.
Housing in Homestead has a median home value of $346,500 and median monthly rent of $1,619. Of the 26,741 total housing units, renting is more common than owning, with 11,447 owner-occupied and 13,980 renter-occupied units.
The unemployment rate in Homestead is 3.8% and the poverty rate is 18.5%. 24.3% of residents hold a bachelor's degree or higher. The average commute time is 37.2 minutes.
How Homestead Ranks in Florida
Cost of Living in Homestead, FL
Compared to national averages, Homestead has a median household income of $61,975 (18% below the national median of $75,149). Home values average $346,500, which is 41% above the national median. Monthly rent at $1,619 is 39% above the US average of $1,163. Within Florida, Homestead's income is 18% below the state average of $75,893, and home values are 2% below the state median of $353,675.
Why Live in Homestead, FL?
Potential considerations include median household income ($61,975) that falls below the national average. However, as a mid-sized city, Homestead provides access to a wide range of amenities and services.
Homestead has a population of 80,725 with a median age of 32.3 years. Compare Homestead with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Homestead
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Boynton Beach | 80,601 | $71,378 | $312,700 | Compare |
| North Port | 80,512 | $81,940 | $328,700 | Compare |
| Miami Beach | 81,319 | $67,014 | $542,000 | Compare |
| Kissimmee | 79,504 | $51,277 | $273,900 | Compare |
| The Villages | 82,108 | $76,523 | $375,100 | Compare |
| Pine Hills | 82,264 | $55,692 | $233,700 | Compare |
| Largo | 82,506 | $60,465 | $208,500 | Compare |
| Kendall | 78,527 | $83,664 | $516,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Homestead
What is the population of Homestead, FL?
The population of Homestead, FL is 80,725 according to the latest Census data.
What is the median household income in Homestead?
The median household income in Homestead, FL is $61,975 per year.
What is the median home value in Homestead?
The median home value in Homestead, FL is $346,500.
What is the average rent in Homestead?
The median monthly rent in Homestead, FL is $1,619.
What is the unemployment rate in Homestead?
The unemployment rate in Homestead, FL is 3.8%.