Homestead, FL — Momentum Score, Home Values & Best-For

All states·Florida·Homestead

Miami-Dade County · Miami-Fort Lauderdale-Pompano Beach · population 85,796

InvestorsRenter-friendly
Homestead, FL
Image: Wikipedia · Homestead, Florida
OverviewCost of livingMoving guide
View watchlist →
57
Stable
Momentum score · 0–100

Where Homestead stands

Home values down 5.4% in the last year. averaging 7.9% annual growth over 5 years.

Median home $436,634
1-year -5.4%
5-yr CAGR +7.9%
vs 5-yr peak -5.7%
Population +1.5%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2025-02$437k$171k$275k$378k$482k201620182020202220242026

Lifestyle scores

🚶
Walkability
64/100
Somewhat walkable
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
30/100
Minimal transit
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
92/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$2,404/mo$1,566$2,112$2,659202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent146144100120140160202220242026

Rent vs buy

Price-to-rent ratio: 15.1
Lean buy

At a 15.1 price-to-rent ratio, Homestead is in the 'depends on horizon' zone. Buy if you'll be there 5+ years and value flexibility on the home; rent if you might move, want zero maintenance friction, or expect rates to drop.

How the momentum score breaks down

methodology →
Home YoY
23 · w22%
Home 5-yr CAGR
78 · w22%
Distance from peak
58 · w18%
Population growth
73 · w16%
Rent YoY
32 · w12%
Home 10-yr CAGR
85 · w10%
Long thesis

Homestead has held up across the cycle: home values at $436,634 with +7.9% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Homestead is down 5.4% over the last 12 months and the trend isn't flattening. Falling knife rule applies: you don't catch one with your hands, you wait for it to hit the floor and stop moving.

About Homestead

Homestead is a city in Miami-Dade County, Florida, with an estimated population of 85,796. It anchors the Miami-Fort Lauderdale-Pompano Beach metro area. The population grew 1.5% annually from 2020 to 2024, a moderate gain. The median home value in Homestead is $436,634 as of 2026-04, down 5.4% over the last 12 months. Over the last five years, home values have averaged +7.9% annual growth (-5.7% from the 5-year peak). Rents in Homestead average $2,404 per month, down 2.7% year-over-year. The composite momentum score is 57 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.

▲ Bull case

●Healthy 5-year run: +7.9% annualized over 5 years, outpacing US inflation.
●Net positive migration: population up 1.5% per year — demand fundamentals are intact.

▼ Bear case

●Prices actively falling: down 5.4% in the last 12 months — buyer sentiment has flipped. Sellers competing on price.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Homestead (Wikipedia)

Homestead is a city within Miami-Dade County in the U.S. state of Florida, between Biscayne National Park to the east and Everglades National Park to the west. Homestead is primarily a Miami suburb and a major agricultural area. It is a principal city of the Miami metropolitan area of South Florida, which was home to 6,138,333 people at the 2020 census. It is located approximately 26 miles (42 km) southwest of Miami, and 25 miles (40 km) northwest of Key Largo. The population was 80,737 as of the 2020 census.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

City facts

Area15.58 sq mi
Elevation3 ft
EstablishedFebruary 8, 1913
Motto"Gateway to Everglades & Biscayne National Parks" & "Discover the Opportunities"
Density5352.49/sq mi

Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.

Playbook

Buyer

Lifestyle fit matters more than market timing in a Stable market. Take your time on the home and neighborhood; the macro trend isn't urgent. Negotiate normally.

Seller

Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.

Investor

Stable cap rates, no big appreciation story to lean on. Underwrite this as a pure cash-flow play — the math has to work on rent alone.

Local safety & alerts

No active National Weather Service alerts for Miami-Dade County right now.

NWS active alerts (FL)Florida Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Miami-Dade County routes NWS alerts; check the state EM portal for non-weather emergencies.

Neighborhoods of Homestead

3 tracked · ranked by median home value
1Princeton$462,735-4.9%
2Leisure City$454,870-4.6%
3Naranja$374,801-7.0%

Cities like Homestead

Naples, FL51 · StableEstero, FL45 · CoolingWeston, FL57 · StableSunrise, FL54 · Stable

Run the numbers for Homestead

ToolCan I afford Homestead?Income → city shortlistToolROI on a Homestead rentalCap rate, cash-on-cash, DSCRToolCompare Homestead to anywhereSide-by-side up to 3 citiesToolHomestead cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
70° / 51°
avg high / low
Summer (Jul)
90° / 73°
avg high / low
Sunny days/yr
233
~64% of year
Annual precip
54″ rain
0″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very high
Tornado
Moderate
Wildfire
Low
Earthquake
Very low
Flood
Very high

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Local sports teams

Major professional teams the Miami-Fort Lauderdale-Pompano Beach area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Homestead listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local economy & environment

Humidity
76%
Very humid climate
Median household income
$67,900
Florida state median
Top industries (state-level)
TourismHealthcareConstruction

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

Cities similar to Homestead

Explore other places with comparable momentum or affordability.

See all Florida cities →    Browse best-of lists →