Last updated: 2024 BLS data · Page refreshed:
Homestead has a population of 82,807 with a median age of 32.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 82,807 |
| Median Age | 32.5 |
| White | 34.6% |
| Black or African American | 19.4% |
| Asian | 0.7% |
| Hispanic or Latino | 67.4% |
The median household income in Homestead is $65,423, which is 18.8% below the national median of $80,610. The per capita income is $25,654. The poverty rate is 18.4%.
The unemployment rate in Homestead is 2.5%, compared to the national rate of 4.1%.
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In Homestead, 77.0% of residents age 25+ have a high school diploma or higher, and 24.9% hold a bachelor's degree or higher (9.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 77.0% |
| Bachelor's Degree or Higher | 24.9% |
| Graduate or Professional Degree | 9.3% |
The median home value in Homestead is $380,000, above the national median of $303,400. The median monthly rent is $1,674. The homeownership rate is 48.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $380,000 |
| Median Monthly Rent | $1,674 |
| Homeownership Rate | 48.3% |
| Vacancy Rate | 6.7% |
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