Homestead, PA
Population 2,885 · Pennsylvania
About Homestead, PA
Homestead is a small town located in Pennsylvania with a population of 2,885 residents according to the latest US Census Bureau American Community Survey data. The median household income is $38,661 per year, which is 49% below the national median of $75,149. The median age of 49.3 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 $81,400, which is 67% 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 $874, 25% below the national average of $1,163/month. Of the 1,818 total housing units, 37% are owner-occupied (532 units) and 63% are renter-occupied (905 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 Homestead shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.3%, above the national average of 12.4%. Workers in Homestead have an average one-way commute time of 29.6 minutes.
Education & Demographics
21.5% 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 0.0% White, 0.5% Hispanic or Latino, 1.3% Black or African American, and 0.4% Asian residents, with 4.4% of the population being foreign-born.
Cost of Living in Homestead, PA
Compared to national averages, Homestead has a median household income of $38,661 (49% below the national median of $75,149). Home values average $81,400, which is 67% below the national median. Monthly rent at $874 is 25% below the US average of $1,163. Within Pennsylvania, Homestead's income is 47% below the state average of $73,376, and home values are 57% below the state median of $190,903.
Why Live in Homestead, PA?
Homestead offers affordable housing with a median home value of $81,400, below the US average of $244,900, and rent that’s lower than the national average at $874/month.
Potential considerations include median household income ($38,661) 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 2,885 with a median age of 49.3 years. Compare Homestead with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Homestead
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pleasureville | 2,886 | $111,685 | $233,000 | Compare |
| Womelsdorf | 2,882 | $100,227 | $194,900 | Compare |
| Rothsville | 2,889 | $103,958 | $289,200 | Compare |
| Seven Fields | 2,889 | $116,042 | $412,900 | Compare |
| Freemansburg | 2,871 | $96,696 | $205,200 | Compare |
| Wynnewood | 2,899 | $214,857 | $890,500 | Compare |
| Lake City | 2,901 | $74,909 | $154,400 | Compare |
| Aspinwall | 2,866 | $119,875 | $377,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Homestead With Other Cities
Frequently Asked Questions about Homestead
What is the population of Homestead, PA?
The population of Homestead, PA is 2,885 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Homestead?
The median household income in Homestead, PA is $38,661 per year, which is 49% below the national median of $75,149.
What is the median home value in Homestead?
The median home value in Homestead, PA is $81,400, which is 67% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Homestead?
The median monthly rent in Homestead, PA is $874, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Homestead?
The unemployment rate in Homestead, PA is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Homestead, PA a good place to live?
Homestead offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,885 and a median age of 49.3, the city appeals to established professionals and retirees.
How educated is Homestead, PA?
21.5% 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, PA: median home value is $81,400 (67% below national), median rent is $874/month, and median household income is $38,661. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homestead?
The poverty rate in Homestead, PA is 16.3%, 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, PA?
Homestead's population is 0.0% White, 0.5% Hispanic or Latino, 1.3% Black or African American, 0.4% Asian, and 57.0% two or more races. 4.4% of residents are foreign-born.