Cost of Living and Housing in Homestead, Florida

Homestead has about 82,807 residents. Median gross rent is $1,674 per month and median household income is $65,423.

Comparison scope: “dataset median” below means the median among 1,211 cities across 10 states in this dataset. It is not presented as a nationwide Census median. The figures use 2020-2024 ACS 5-Year estimates and may lag current listings.

Median Gross Rent $1,674/mo Close to the dataset median

Median Home Value $380,000 Close to the dataset median

Median Household Income $65,423 22% below the dataset median

Owner-Occupied Homes 48% Share of occupied housing units

Rent-to-Income Baseline 31% Annual median rent ÷ household income

Home Value-to-Income 5.8x Median value ÷ household income

How Homestead compares

Rent is close to the dataset median, while household income is 22% below the dataset median. Within Florida, Homestead ranks #84 from lowest to highest rent and #146 from highest to lowest household income among 207 cities in this dataset.

The rent-to-income figure compares two citywide medians. It is useful for broad comparison, but it is not an individual household budget or a measure of renter cost burden.

Similar-size cities in Florida

Frequently asked questions

What is the median rent in Homestead?

Median gross rent is $1,674 per month in the 2020-2024 ACS 5-Year estimates.

What is the median home value in Homestead?

The median value of owner-occupied homes is $380,000 in the 2020-2024 ACS 5-Year estimates.

What is the median household income?

Median household income in Homestead is $65,423 per year.

Source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database refreshed 2026-07-11.