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ZipNumbers

Florida · Census place 32275

Homestead city, FL

Quick answer

Homestead city has 80,725 residents, ranking #41 of 955 places in Florida. Median household income is $61,975, the median home is worth $346,500 and median gross rent runs $1,619 a month.

Population
80,725Homestead city residents
Median household income
$61,975Past 12 months, inflation adjusted
Median home value
$346,500Owner-occupied units
Median gross rent
$1,619Rent plus utilities, monthly
Median age
32.3 yrsAll residents
Homeownership rate
45%Owner-occupied households

What the numbers mean in Homestead city

Housing cost measured against local earnings.

A household earning the Homestead city median would spend about 31.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.5% of residents and 45% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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