Homestead, FL housing market
The typical Homestead home is worth about $434,000, down 3.5% in a year, 16% above the Florida typical home. Homes typically sell in 82 days, below asking.
Home values, sales, trends and how Homestead compares with the towns next door — updated as new data is published.
Homestead at a glance
A buyer's market
More homes are for sale than are selling — about 9 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Homestead | Florida |
|---|---|---|
| 2017 | $205,000 | $209,000 |
| 2018 | $228,000 | $226,000 |
| 2019 | $251,000 | $242,000 |
| 2020 | $261,000 | $253,000 |
| 2021 | $285,000 | $276,000 |
| 2022 | $353,000 | $340,000 |
| 2023 | $412,000 | $392,000 |
| 2024 | $446,000 | $402,000 |
| 2025 | $463,000 | $397,000 |
| 2026 | $440,000 | $377,000 |
| August 2026 | $434,000 | $376,000 |
935 new homes permitted in 2025
Builders were permitted 935 new homes in Homestead in 2025: 582 single-family houses and 353 in buildings with two or more homes, worth about $161.9 million to build. That's 11 per 1,000 residents, faster than across Florida (8.3). Over the past 10 years, Homestead has permitted 4,398 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Homestead gained 20,225 residents while 3,011 new homes were permitted: about 6.7 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Florida: 2.8 new residents per new home.
How Homestead ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 270 | 270 | 0 | $44.4 million |
| 2025 | 935 | 582 | 353 | $161.9 million |
| 2024 | 813 | 813 | 0 | $159.9 million |
| 2023 | 119 | 119 | 0 | $21.7 million |
| 2022 | 168 | 168 | 0 | $27.6 million |
| 2021 | 559 | 559 | 0 | $80.2 million |
| 2020 | 562 | 562 | 0 | $100.8 million |
| 2019 | 225 | 225 | 0 | $54.3 million |
| 2018 | 343 | 333 | 10 | $75.4 million |
| 2017 | 264 | 264 | 0 | $71.1 million |
| 2016 | 410 | 369 | 41 | $78.4 million |
| 2015 | 672 | 418 | 254 | $113 million |
| 2014 | 246 | 246 | 0 | $48.1 million |
| 2013 | 372 | 308 | 64 | $66 million |
| 2012 | 225 | 161 | 64 | $36.3 million |
| 2011 | 96 | 64 | 32 | $13.4 million |
| 2010 | 158 | 127 | 31 | $21.2 million |
| 2009 | 107 | 94 | 13 | $12.9 million |
| 2008 | 26 | 26 | 0 | $4.7 million |
| 2007 | 709 | 587 | 122 | $99.4 million |
| 2006 | 1,653 | 991 | 662 | $212.2 million |
| 2005 | 3,798 | 2,776 | 1,022 | $460.6 million |
| 2004 | 2,719 | 1,941 | 778 | $335 million |
| 2003 | 1,565 | 1,228 | 337 | $196.1 million |
| 2002 | 300 | 214 | 86 | $30.7 million |
| 2001 | 491 | 145 | 346 | $33.6 million |
| 2000 | 90 | 90 | 0 | $7.2 million |
How Homestead ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Homestead and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Homestead | $434K | −3.5% | $2,250 | 935 | $65,423 |
| Florida City | $368K | −5% | $2,070 | 800 | $47,482 |
| Leisure City | — | +1%† | $2,210 | — | $41,977 |
| Homestead Base | — | +1.1%† | $2,210 | — | $7,969 |
† FHFA price index change, where Zillow has no home value for the town.
6.6 years of income
The typical Homestead home costs about 6.6 years of the town's median household income, more than across Florida (5 years).
How Homestead ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,250
HUD's Fair Market Rent for a two-bedroom in Homestead is $2,250 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Homestead pay a median of $1,674, so moving in tends to cost more than staying put. A two-bedroom takes about 41% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,690 · 4 bedrooms $3,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (33030, 33033, 33034, 33035; Miami-Miami Beach-Kendall, FL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.