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Homestead, FL—33032

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$459,000
3.4% YoY Growth
Household Income
$75,000
55.1% YoY Growth
Days on Market
77
13.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$2,700
6.2% YoY Growth
1-Bed Rent
$1,500
7.6% YoY Growth
2-Bed Rent
$2,000
8.2% YoY Growth
3-Bed Rent
$2,750
2.1% YoY Growth

Other Zip Codes in Homestead, FL

330333303033035
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Homestead, FL

As of Dec '25, the median home price in Homestead, FL is $459,000, with a year-over-year change of -3.4%. This indicates that home prices in Homestead, FL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$459,000-3.4%
Single Family $466,000-3.5%
Condos $337,000-3.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$343,000-5.0%
    3 Bed
    		$437,000-3.5%
    4 Bed
    		$512,000-3.2%
    5 Bed $633,184-3.3%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    5.8%
    2 Bedrooms
    20.6%
    3 Bedrooms
    42.1%
    4 Bedrooms
    27.4%
    5+ Bedrooms
    3.0%

    Rental Trends — Homestead, FL

    As of July '25, Rentcast reports the average rent in Homestead, FL is $2,740, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Homestead, FL is studios: $1,100, 1-bedrooms: $1,550, 2-bedrooms: $2,010, 3-bedrooms: $2,830, 4-bedrooms: $3,360. The most common rental property sizes in Homestead, FL are 2-bedroom and 3-bedroom, accounting for 40.8% and 36.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,700$2,740
    Studio Rent $1,200$1,100
    1 Bed Rent $1,500$1,550
    2 Bed Rent $2,000$2,010
    3 Bed Rent $2,750$2,830
    4 Bed Rent $3,300$3,360
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    % of Rental Stock

    Studio
    1.4%
    1 Bedroom
    12.4%
    2 Bedrooms
    40.8%
    3 Bedrooms
    36.2%
    4 Bedrooms
    8.6%
    5+ Bedrooms
    0.6%

    Property Listings — Homestead, FL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Homestead, FL is 71. This is a increase of 18.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$475,000-2.0%
    Listing Count
    		43138.0%
    Listings as % of Homes1.1%38.0%
    Days on Market
    		7713.0%
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    Demographics — Homestead, FL

    As of the latest ACS Survey released in 2023, Homestead, FL has a population of 62,000, which has increased by 31.8% over the past 5 years. Homestead, FL is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		62,00031.8%
    % Under 18
    		28.3%-4.4%
    % Seniors
    		9.2%24.3%
    % WFH
    		12.6%162.5%
    % w/ College Degree
    		24.3%9.5%
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    As of the latest ACS Survey released in 2023, Homestead, FL is a predominantly hispanic area, with 67.9% of the population identifying as hispanic. The hispanic population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Homestead, FL is black, making up 20.7% of the population. Foreign-born residents account for 44.9% of the population in Homestead, FL, and this percentage has increased by 8.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		9.7%42.6%
    % Black
    		20.7%-27.6%
    % Hispanic
    		67.9%4.8%
    % Asian
    		0.6%-73.9%
    % Foreign Born
    		44.9%8.2%
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    Mortgage and Risk — Homestead, FL

    According to HUD data as of 2023, there were 1087 mortgage originations in Homestead, FL, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 58.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,087
    % Conventional Loans
    		50.0%
    % Government Loans
    		50.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Homestead, FL

    As of 2024, the percent of homes in Homestead, FL under the Section 8 program is 14.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Homestead, FL, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		1,578
    Total Units Section 8
    		1,189
    % Rentals under Section 8
    		14.2%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$280$1,500$1,780
    2 Bedroom$180$2,000$2,180
    3 Bedroom$70$2,750$2,820
    4 Bedroom$0$3,300$3,300

    Affordability — Homestead, FL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$459,000
    Median Household Income$75,000

    Homestead, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions