Is Homestead, FL growing?
Homestead, FL had an estimated 82,807 (±66) residents in 2020–2024, against 68,438 in 2015–2019.
That is a change of +21.0%, a measurable increase.
Its housing went from 20,675 to 27,474 homes (+32.9%), a measurable increase.
2.2% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 82,807 (±66)
- Amount of change
- +21.0%
- Homes change
- +32.9%
- Built 2020 or later
- 2.2%
Residents and homes in Homestead, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 68,438 (±60) | 82,807 (±66) | +21.0% | Measurable increase |
| Housing units | 20,675 (±653) | 27,474 (±1,015) | +32.9% | Measurable increase |
| Households that rent | 59.1% (±2.7 points) | 51.7% (±3.3 points) | −7.4 percentage points | Measurable decrease |
| Median gross rent | $1,267 (±$53) | $1,674 (±$57) | +32.1% | Up after inflation |
| Median home value | $222,300 (±$10,784) | $380,000 (±$12,301) | +70.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Homestead against Miami-Dade County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Homestead | +21.0% | Measurable increase | +32.9% |
| Miami-Dade County | +1.4% | Measurable increase | +6.9% |
| Florida | +7.2% | Measurable increase | +8.6% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Homestead
| Year built | Homestead | Miami-Dade County | Florida | United States |
|---|---|---|---|---|
| 2020 or later | 2.2% (±0.8 points) | 1.9% | 3.2% | 2.0% |
| 2010 to 2019 | 14.7% (±2.2 points) | 9.5% | 11.0% | 9.4% |
| 2000 to 2009 | 38.2% (±3.5 points) | 12.9% | 18.1% | 13.6% |
16.9% of the homes in Homestead were built in 2010 or later.
The median age of residents is 32.5 years.
Growth in places near Homestead
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Homestead | — | 82,807 | +21.0% | Measurable increase |
| Leisure City | 2.0 mi | 27,808 | +4.3% | Not a measurable change |
| Florida City | 2.1 mi | 12,943 | +8.5% | Measurable increase |
| Naranja | 3.7 mi | 15,796 | +34.1% | Measurable increase |
| Homestead Base | 3.8 mi | 1,125 | +6.7% | Not a measurable change |
| Princeton | 5.9 mi | 42,625 | +32.0% | Measurable increase |
| Goulds | 7.4 mi | 14,425 | +20.4% | Measurable increase |
| South Miami Heights | 9.2 mi | 38,766 | +4.4% | Not a measurable change |
| Richmond West | 9.9 mi | 35,593 | −5.0% | Not a measurable change |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Homestead
Is Homestead growing?
Homestead, FL had an estimated 82,807 residents in 2020–2024 and 68,438 in 2015–2019, a change of +21.0%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Homestead?
The estimated number of housing units went from 20,675 in 2015–2019 to 27,474 in 2020–2024 (+32.9%), a measurable increase.
How much new construction is there in Homestead?
2.2% of homes in Homestead were built in 2020 or later and 14.7% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Homestead city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Homestead city, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Homestead city, Florida
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Homestead city, Florida
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Homestead city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Homestead city, Florida
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Homestead city, Florida
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Homestead city, Florida (place:32275, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Homestead at a glance
- Median rent in Homestead
- Rent by bedrooms in Homestead
- Rent burden in Homestead
- Renters and owners in Homestead
- Income and affordability in Homestead
- Home values in Homestead
- Homeowner costs in Homestead
- Property taxes in Homestead
- Types of homes in Homestead
- Bedrooms in Homestead
- Age of homes in Homestead
- Vacancy rate in Homestead
- Heating fuel in Homestead
- Commute and cars in Homestead
- Crime reported to police in Homestead
- How long people stay in Homestead
- Crowding and facilities in Homestead
- Fair Market Rent in Homestead
- Florida landlord and tenant rules
- Housing across Miami-Dade County
- Housing data for every place in Florida