Homestead, FL—33030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homestead, FL
As of Oct '25, the median home price in Homestead, FL is $513,000, with a year-over-year change of -2.1%. This indicates that home prices in Homestead, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $513,000 | -2.1% |
| Single Family | $523,000 | -2.6% |
| Condos | $228,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $365,000 | -2.7% |
3 Bed | $464,000 | -2.9% |
4 Bed | $638,000 | -0.6% |
| 5 Bed | $847,000 | 1.3% |
% of Housing Stock
Rental Trends — Homestead, FL
As of July '25, Rentcast reports the average rent in Homestead, FL is $2,620, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Homestead, FL is 1-bedrooms: $1,440, 2-bedrooms: $1,840, 3-bedrooms: $3,010, 4-bedrooms: $3,520. The most common rental property sizes in Homestead, FL are 2-bedroom and 3-bedroom, accounting for 47.6% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,440 |
| 2 Bed Rent | $1,750 | $1,840 |
| 3 Bed Rent | $2,990 | $3,010 |
| 4 Bed Rent | $3,150 | $3,520 |
% of Rental Stock
Property Listings — Homestead, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Homestead, FL is 77. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $696,000 | 1.0% |
Listing Count | 206 | 42.0% |
| Listings as % of Homes | 0.9% | 42.0% |
Days on Market | 77 | 3.0% |
Demographics — Homestead, FL
As of the latest ACS Survey released in 2023, Homestead, FL has a population of 36,000, which has remained stable by 0.7% over the past 5 years. Homestead, FL is a popular place for families, as children make up 31.9% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | 0.7% |
% Under 18 | 31.9% | 6.3% |
% Seniors | 8.8% | 11.4% |
% WFH | 6.3% | 110.0% |
% w/ College Degree | 14.6% | 30.4% |
As of the latest ACS Survey released in 2023, Homestead, FL is a predominantly hispanic area, with 76.1% of the population identifying as hispanic. The hispanic population has grown by 6.0% in the last 5 years. The second most common race or ethnicity in Homestead, FL is black, making up 14.3% of the population. Foreign-born residents account for 43.5% of the population in Homestead, FL, and this percentage has increased by 7.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 8.9% | -30.5% |
% Black | 14.3% | -7.7% |
% Hispanic | 76.1% | 6.0% |
% Asian | 0.8% | -46.7% |
% Foreign Born | 43.5% | 7.4% |
Mortgage and Risk — Homestead, FL
According to HUD data as of 2023, there were 536 mortgage originations in Homestead, FL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Homestead, FL. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 536 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Homestead, FL
As of 2024, the percent of homes in Homestead, FL under the Section 8 program is 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Homestead, FL, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,136 |
Total Units Section 8 | 966 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 88.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,400 | $1,700 |
| 2 Bedroom | $350 | $1,750 | $2,100 |
| 3 Bedroom | -$260 | $2,990 | $2,730 |
| 4 Bedroom | $90 | $3,150 | $3,240 |
Affordability — Homestead, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.3 |
| Median Home Price | $513,000 |
| Median Household Income | $43,200 |