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CITY · 2020 ACS

Homestead

Florida · 80,737 residents · 15.084 sq mi
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The short version

Homestead has lower-than-average household income, with a median household income of $50,723. The city has more than doubled in size since 2000, adding 48,828 residents. Median home value has roughly tripled since 2000, reaching $235,800. At a median age of 32.6, residents skew younger than the country as a whole. The poverty rate of 23.0% is well above the national figure.

At a glance
Lower income
below the US median
US median: $66,278
Younger
median age 32.6
US median: 38.8
Less educated
23% hold a bachelor's degree
US average: 33%
Less affordable
home values up 95%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
80,737
+153%since 2000
from 31,909 in 2000
1990 – 2025
Population density
5,352 / sq mi
+153%since 2000
from 2,115 / sq mi in 2000
US average: 280
Median age
32.6
+20%since 2000
from 27.2 in 2000
US average: 38.8
Population, 1990 – 2024
21K38K55K72K88K1990201020202024Homestead
202483K
1990201020202024
Section 02

Income & economy

Median household income
$50,723
+26%inflation adjusted, since 2000
from $26,775 in 2000
US average: $66,278
1990 – 2024
Per capita income
$19,404
+71%since 2000
from $11,357 in 2000
US average: $35,364
Households earning $100K+
30.6%
+10.8 ptssince 2009
from 19.8% in 2009
US average: 43.9%
Poverty rate
23.0%
−8.8 ptssince 2000
from 31.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Wholesale trade12.6%
US avg: 6.7%
Information11.2%
US avg: 11.1%
Agriculture, forestry, fishing6.7%
US avg: 1.7%
Construction6.7%
US avg: 1.2%
Other services5.5%
US avg: 6.6%
Finance & insurance4.7%
US avg: 5.5%
Professional, scientific, technical3.8%
US avg: 4.7%
Public administration3.4%
US avg: 4.7%
Transportation & warehousing2.6%
US avg: 2.5%
Retail trade1.7%
US avg: 10%
Education & health services1%
US avg: 0.8%
Arts, entertainment, food0.5%
US avg: 2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$235,800
+95%inflation adjusted, since 2000
from $80,300 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,303
+59%inflation adjusted, since 2000
from $546 in 2000
US average: $1,124
Owner-occupied
44.1%
+8.1 ptssince 2000
from 36.0% in 2000
55.9% rent
Afford Score
4.6
+55%since 2000
from 3.0 in 2000
1990 – 2024
RELATED:See current rent listings in Homestead on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic22.9%(7,295)
Black21.6%(6,886)
Hispanic / Latino51.8%(16,537)
Asian0.7%(234)
Other0%
Diversity Score76.2%(24,309)
2020
White, non-Hispanic10.9%(8,768)
Black17.3%(14,006)
Hispanic / Latino68.2%(55,051)
Asian1.1%(877)
Other1.1%(876)
Diversity Score59.8%(48,248)
Diversity Score
60
−22%since 2000
from 76 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
23.5%
+13.7 ptssince 2000
from 9.8% in 2000
US average: 32.9%
High school or higher
75.1%
+24.6 ptssince 2000
from 50.5% in 2000
US average: 88.5%
Graduate degree
7.7%
+4.6 ptssince 2000
from 3.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
40.1 min
+64%since 2000
from 24.4 min in 2000
US average: 26.9
Drive alone to work
67.0%
+0.2 ptssince 2009
from 66.7% in 2009
US average: 75.1%
No vehicle available
9.9%
−2.6 ptssince 2009
from 12.5% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.3%
−4.1 ptssince 2011
from 10.4% in 2011
US average: 5.4%
Labor force participation
67.6%
−1.4 ptssince 2011
from 69.0% in 2011
US average: 63.4%
Management & professional
27.6%
−24.1 ptssince 2009
from 51.7% in 2009
US average: 39.3%
Section 08

People & community

Male
49.9%
+0.1 ptssince 2009
from 49.8% in 2009
Female
50.1%
−0.1 ptssince 2009
from 50.2% in 2009
Foreign born
37.4%
+0.7 ptssince 2009
from 36.8% in 2009
US average: 13.5%
Uninsured
22.7%
−43.2 ptssince 2013
from 65.9% in 2013
US average: 8.8%
Drill deeper

Places similar to Homestead

Melbourne
Pop 87,097
Warner Robins
Pop 87,761
Largo
Pop 80,690
Boynton Beach
Pop 82,396
Places similar to Homestead
Head to head

Compare Homestead to nearby cities

HOMESTEAD VS
Leisure City
Income$41,977−17%
Home value$375,100+59%
Population27,808−68%
SEE FULL COMPARISON →
HOMESTEAD VS
Florida City
Income$47,482−6%
Home value$399,200+69%
Population13,576−84%
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HOMESTEAD VS
Naranja
Income$53,984+6%
Home value$372,100+58%
Population15,796−82%
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HOMESTEAD VS
Princeton
Income$83,426+64%
Home value$426,900+81%
Population42,625−51%
SEE FULL COMPARISON →
Frequently asked

How many people live in Homestead, Florida?

Homestead, Florida has about 80,737 residents according to the 2020 American Community Survey.

What is the median household income in Homestead, Florida?

The typical household in Homestead, Florida earns about $50,723 a year. Half of households make more than that, and half make less.

Is Homestead, Florida expensive?

In Homestead, Florida, the median home is worth about $235,800, and the typical rent is about $1,303 a month.

How educated are people in Homestead, Florida?

About 23.5% of adults age 25 and over in Homestead, Florida hold a bachelor's degree or higher.

What is the poverty rate in Homestead, Florida?

About 23.0% of people in Homestead, Florida live below the federal poverty line.

Has Homestead, Florida grown since 1990?

Yes, Homestead, Florida has grown since 1990. The population has added about 53,871 residents, a change of about 201 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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