Homestead city, Florida Demographics & Population 2026
As of 2026, Homestead city, Florida has a total population of 80,725, the 41st largest city in Florida, with a median household income of $61,975, which is 14% lower than the state average. The poverty rate is 18.4%.
Homestead city Quick Facts
How Homestead city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 64 | National average: 60
Education
Educational Attainment (Adults 25+)
Homestead city Rankings in Florida
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Cities Similar to Homestead city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Largo city | 82,506 | $60,465 | $208,500 | 26.8% | 12.0% |
| Miami Beach city | 81,319 | $67,014 | $542,000 | 51.2% | 14.4% |
| Boynton Beach city | 80,601 | $71,378 | $312,700 | 31.9% | 11.8% |
| Pine Hills CDP | 82,264 | $55,692 | $233,700 | 15.4% | 18.5% |
| Melbourne city | 85,718 | $64,504 | $272,900 | 33.3% | 14.9% |
Population Overview
Homestead city is a mid-sized community located in Florida. The total population is 80,725. It ranks as the 41st most populous out of 953 cities and towns in Florida.
Age Demographics
The median age in Homestead city is 32.3 years. This is 24% lower than the state median of 42.6 years. With 30.8% of the population under 18, Homestead city has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Homestead city is $61,975. This is 14% lower than the state median of $71,711. Compared to the national median of $78,538, household income here is 21% lower. The poverty rate stands at 18.4%. This is 46% higher than the state poverty rate of 12.6%. The unemployment rate is 3.8%. This is 22% lower than the state rate of 4.8%. The median home value is $346,500. Housing costs are 7% higher than the state median of $325,000. The home-value-to-income ratio is 5.6x. 45.0% of occupied housing units are owner-occupied. This homeownership rate is 33% lower than the state average of 67.3%.
Race & Ethnicity
The largest racial or ethnic group in Homestead city is Hispanic or Latino, making up 67.7% of the population. Black or African American residents account for 19.2%. The White (non-Hispanic) population (9.8%) is well below the state average of 51.4%. The Hispanic or Latino population is significantly higher than the state average (67.7% vs 26.8%). The Asian population (0.4%) is well below the state average of 2.8%.
Education
24.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 27% lower than the state rate of 33.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 77.4%.
Data Sources & Methodology
All demographic data for Homestead city, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 953 Census-designated places in Florida. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Homestead city, Florida?
Homestead city, Florida has a population of 80,725 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Homestead city, FL?
The median household income in Homestead city is $61,975, which is 21% lower the national median of $78,538.
What is the poverty rate in Homestead city, FL?
The poverty rate in Homestead city is 18.4%. This means approximately 14,810 residents live below the federal poverty line.
What is the racial makeup of Homestead city, Florida?
Homestead city's population is 9.8% White, 19.2% Black, 67.7% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Homestead city, FL?
The median home value in Homestead city is $346,500. The home-value-to-income ratio is 5.6x.
How educated is Homestead city, Florida?
24.3% of adults (25+) in Homestead city hold a bachelor's degree or higher, and 8.1% hold a graduate or professional degree.