Last updated: 2024 BLS data · Page refreshed:
Homestead has a population of 2,874 with a median age of 49.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,874 |
| Median Age | 49.2 |
| White | 31.8% |
| Black or African American | 54.6% |
| Asian | 0.6% |
| Hispanic or Latino | 1.9% |
| Other / Two or More Races | 11.1% |
The median household income in Homestead is $39,052, which is 51.6% below the national median of $80,610. The per capita income is $29,649. The poverty rate is 18.6%.
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In Homestead, 92.6% of residents age 25+ have a high school diploma or higher, and 19.6% hold a bachelor's degree or higher (7.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.6% |
| Bachelor's Degree or Higher | 19.6% |
| Graduate or Professional Degree | 7.1% |
The median home value in Homestead is $83,900, below the national median of $303,400. The median monthly rent is $929. The homeownership rate is 34.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $83,900 |
| Median Monthly Rent | $929 |
| Homeownership Rate | 34.1% |
| Vacancy Rate | 18.4% |
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