Homestead, FL Profile: Facts & Data


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Homestead, Florida - Basic Facts

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The City of Homestead had a population of 71,442 as of July 1, 2021. Homestead ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Homestead is located at latitude 25.4687 and longitude -80.4776 in Miami-Dade County. The formal boundaries for the City of Homestead encompass a land area of 15.14 sq. miles and a water area of 0.48 sq. miles. Miami-Dade County is in the Eastern time zone (GMT -5). The elevation is 3 feet.

The City of Homestead has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Homestead is located within Homestead CCD of Miami-Dade County.

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  1. Homestead 2021 Demographic Data
  2. Growth Rates for Homestead (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Florida Research Tools (Easy Tools & Current Data)
  3. Florida Data Comparison Tool - 2021 Demographics

Homestead, FL Data & Demographics (As of July 1, 2021)


Total Population 71,442 (100%)
Population in Households 70,985 (99.4%)
Population in Families 58,488 (81.9%)
Population in Group Quarters1 457 ( 0.6%)
Population Density 4,736
Diversity Index2 70


Median Household Income $49,579
Average Household Income $64,790
% of Income for Mortgage4 23%
Per Capita Income $19,916
Wealth Index5 48


Total HU (Housing Units) 26,064 (100%)
Owner Occupied HU 9,035 (34.7%)
Renter Occupied HU 12,939 (49.6%)
Vacant Housing Units 4,090 (15.7%)
Median Home Value $272,904
Average Home Value $290,954
Housing Affordability Index3 100


Total Households 21,974
Average Household Size 3.23
Family Households 16,335
Average Family Size 4
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2021 2021-2026
Population 1.45% 1.33%
Households 1.28% 1.21%
Families 1.32% 1.27%
Median Household Income   2.45%
Per Capita Income   3.09%
Owner Occupied HU   2.52%

Homestead, FL - Peer Comparisons by Rank and Percentile

The table below compares Homestead to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 47 95th
Population Density # 132 86th
Median Household Income # 597 35th
Housing Affordability Index # 166 18th
Per Capita Income # 763 17th
Diversity Index # 183 80th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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