Most Expensive Homestead Neighborhoods
Homestead is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 65,524 people and 20 constituent neighborhoods, Homestead is the 42nd largest community in Florida. Much of the housing stock in Homestead was built relatively recently. The construction of new real estate can often be taken as an indication that the local Homestead economy is robust, and that jobs or other amenities are attracting an influx of new residents.
Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Homestead is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Homestead is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Homestead who work in office and administrative support (12.42%), maintenance occupations (10.79%) and sales jobs (10.49%).
Homestead is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
One downside of living in Homestead, however, is that residents on average have to contend with a long commute, spending on average 31.79 minutes every day commuting to work. However, local public transit is widely used. For those who would prefer to avoid driving entirely and leave their car at home, it may be an option to use the transit instead.
Homestead has a lot of people who ride the bus to and from work. In fact, for its size, Homestead has quite a high level of public transit users. Homestead’s need for inexpensive transportation options for its citizens is quite high.
In terms of college education, the citizens of Homestead rank slightly lower than the national average. 15.73% of adults 25 and older in Homestead have a bachelor's degree or advanced degree, while 21.84% of adults have a 4-year degree or higher in the average American community.
The per capita income in Homestead in 2010 was $17,231, which is low income relative to Florida and the nation. This equates to an annual income of $68,924 for a family of four. However, Homestead contains both very wealthy and poor people as well. Homestead also has one of the higher rates of people living in poverty in the nation, with 31.60% of its population below the federal poverty line.
Homestead is a very ethnically-diverse city. The people who call Homestead home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Homestead residents report their race to be White, followed by Black or African-American. Homestead also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 59.75% of the city’s residents. Important ancestries of people in Homestead include English, Irish, German and Haitian.
Foreign born people are also an important part of Homestead's cultural character, accounting for 35.97% of the city’s population.
The most common language spoken in Homestead is Spanish. Other important languages spoken here include English and French Creole.
|NUMBER OF HOMES AND APARTMENTS||19,269|
|HOMESTEAD HOME OWNERSHIP|
|% OWNER OCCUPIED||40.93%|
|% RENTER OCCUPIED||59.07%|
|TYPE OF HOMESTEAD HOMES|
|SINGLE FAMILY DETACHED||40.60%|
|ROWHOUSES AND ATTACHED HOMES||13.25%|
|SMALL APARTMENT BUILDINGS||8.35%|
|COMPLEXES OR HIGH RISE APARTMENTS||33.54%|
|SIZE OF HOMESTEAD HOMES|
|5 OR MORE BEDROOMS||2.14%|
|AGE OF HOMESTEAD HOMES|
|NEWER HOMES (2000 OR LATER)||52.62%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||34.14%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||11.97%|
|HISTORIC (1939 OR BEFORE)||1.27%|
|HOMESTEAD REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$175,912|
|MEDIAN RENTAL PRICE||$1,285|
|HOME VALUE RANGE|
|$0 - $74,000||15.46%|
|$74,001 - $148,000||27.34%|
|$148,001 - $297,000||41.03%|
|$297,001 - $445,000||13.61%|
|$445,001 - $593,000||2.39%|
|$593,001 - $742,000||0.16%|
|$742,001 - $1,112,000||0.00%|
|$1,112,001 - $1,483,000||0.00%|
|PEOPLE OF HOMESTEAD||DETAILS|
|UNDER 5 YEARS||8.96%|
|5 TO 17||22.37%|
|18 TO 24||8.94%|
|25 TO 34||18.51%|
|35 TO 54||25.56%|
|55 TO 64||7.90%|
|65 YEARS AND OVER||7.76%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||69.09%|
|MEDIAN HOUSEHOLD INCOME||$40,250|
|PER CAPITA INCOME||$17,231|
|INDIVIDUALS BELOW POVERTY LEVEL||31.60%|
|INDUSTRIES PEOPLE WORK IN||Retail (12.38%)
Public Service (5.48%)
Professional, scientific, and technical services (3.03%)
|BLACK OR AFRICAN AMERICAN||19.35%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.35%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.96%|
|TWO OR MORE RACES||2.46%|
|HISPANIC OR LATINO (OF ANY RACE)||59.75%|
|ETHNICITIES PRESENT||English (3.40%)
|LANGUAGES SPOKEN||Spanish (52.14%)
French Creole (2.16%)
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