Homestead, MO
Population 161 · Missouri
About Homestead, MO
Homestead is a small community located in Missouri with a population of 161 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 47.8 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 features a median home value of $95,000, which is 61% below the national median of $244,900. This makes Homestead one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $588, 49% below the national average of $1,163/month. Of the 77 total housing units, 83% are owner-occupied (48 units) and 17% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Homestead shows an unemployment rate of 10.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homestead have an average one-way commute time of 38.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
6.5% of Homestead 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 5.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Homestead, MO
Compared to national averages, Homestead has a median household income of $63,750 (15% below the national median of $75,149). Home values average $95,000, which is 61% below the national median. Monthly rent at $588 is 49% below the US average of $1,163. Within Missouri, Homestead's income is 4% above the state average of $61,047, and home values are 37% below the state median of $150,786.
Why Live in Homestead, MO?
Homestead offers affordable housing with a median home value of $95,000, below the US average of $244,900, and rent that’s lower than the national average at $588/month, and a low poverty rate of 4.3%, better than the national average.
Potential considerations include median household income ($63,750) that falls below the national average. However, Homestead’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Homestead has a population of 161 with a median age of 47.8 years. Compare Homestead with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Homestead
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Howardville | 162 | $13,889 | $56,500 | Compare |
| Weingarten | 160 | $48,393 | $0 | Compare |
| Eugene | 163 | $59,083 | $64,500 | Compare |
| Oakwood | 163 | $136,250 | $402,300 | Compare |
| Phillipsburg | 159 | $35,750 | $103,100 | Compare |
| Wortham | 163 | $0 | $0 | Compare |
| Leisure Lake | 158 | $16,403 | $74,400 | Compare |
| Schell City | 164 | $37,750 | $47,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Homestead, MO is 161 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Homestead?
The median household income in Homestead, MO is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Homestead?
The median home value in Homestead, MO is $95,000, which is 61% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Homestead?
The median monthly rent in Homestead, MO is $588, which is 49% below the national average of $1,163/month.
What is the unemployment rate in Homestead?
The unemployment rate in Homestead, MO is 10.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Homestead, MO a good place to live?
Homestead offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 161 and a median age of 47.8, the city appeals to established professionals and retirees.
How educated is Homestead, MO?
6.5% of residents in Homestead 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?
Key cost-of-living indicators for Homestead, MO: median home value is $95,000 (61% below national), median rent is $588/month, and median household income is $63,750. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homestead?
The poverty rate in Homestead, MO is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Homestead, MO?
Homestead's population is 5.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.