HomeFloridaMiami-Dade CountyHomestead city
Homestead city, Florida: commercial real estate data.
Homestead city is a Census city of 82,807 people across 15.08 square miles of land, in Miami-Dade County. Median household income is $65,423, 48.3 percent of occupied homes are owned, and the SBA record carries 200 7(a) approvals to borrowers here worth $67.7 m.
82 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Homestead
What Homestead is
- Census place typecity
- Land area15.08 sq mi
- Water area0.5 sq mi
- Population per square mile of land5,490
- County holding the largest share of its areaMiami-Dade County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Homestead
How many people live in Homestead
- Population82,807
- Median age32.5
- Population under 1824,446
- Share under 1829.5 percent
- Population 65 and over6,999
- Share 65 and over8.5 percent
- Households25,638
- Family households19,498
- Share of households that are families76.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Homestead
Income and work in Homestead
- Median household income$65,423
- Per capita income$25,654
- Civilian labor force39,717
- Employed38,130
- Unemployed1,587 plus or minus 365
- Unemployment rate4.0 percent plus or minus 0.9
- Adults 25 and over50,406
- Adults 25 and over with a high school diploma or higher77.0 percent
- Adults 25 and over with a bachelor degree or higher24.9 percent
- Adults 25 and over with a graduate degree9.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Homestead
Housing in Homestead
- Housing units27,474
- Occupied units25,638
- Vacant units1,836 plus or minus 478
- Vacancy rate6.7 percent plus or minus 1.7
- Owner occupied12,372
- Renter occupied13,266
- Ownership rate48.3 percent
- Median owner-occupied home value$380,000
- Median gross rent, monthly$1,674
- Annual rent as a share of median income30.7 percent
- Single family units16,540
- Share single family60.2 percent
- Units in buildings of two or more10,306
- Share in buildings of two or more37.5 percent
- Mobile homes606 plus or minus 177
- Median year structure built2001
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Homestead
How Homestead gets to work
- Workers 16 and over who commute35,239
- Commuting under 15 minutes5,735
- Share commuting under 15 minutes16.3 percent
- Commuting 30 minutes or more19,322
- Share commuting 30 minutes or more54.8 percent
- Drove alone74.9 percent
- Carpooled13.3 percent
- Public transport2.1 percent plus or minus 0.9
- Walked0.6 percent plus or minus 0.3
- Worked from home6.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Homestead
SBA loans in Homestead (7(a))
- Approvals200
- Gross approval$67,699,500
- Average approval$338,498
- Median approval$100,000
- Ninetieth percentile approval$1,000,000
- Largest approval$5,000,000
- Jobs supported1,488
- Jobs per approval7.4
- Loans with a final outcome31
- Paid in full22
- Charged off9
- Charge-off rate over resolved loans29.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more6.5 percent
- Share to franchises4.0 percent
- Distinct lenders39
- Distinct industries by NAICS92
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Homestead
SBA loans in Homestead (504)
- Approvals42
- Gross approval$38,480,000
- Average approval$916,190
- Median approval$464,000
- Largest approval$4,765,000
- Jobs supported293
- Loans with a final outcome6
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Homestead
Flood risk in Homestead
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 7
- NFIP community number120645
- Currently effective map date09/11/09
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Miami-Dade County, not Homestead
Miami-Dade County context, not Homestead figures
These are Miami-Dade County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Homestead measurements.
- Establishments in Miami-Dade County98,394
- Employment at those establishments, Miami-Dade County1,055,440
- Covered employment, Miami-Dade County1,257,569
- Average annual pay, Miami-Dade County$77,609
- Average weekly wage, Miami-Dade County$1,492
- Housing units permitted, Miami-Dade County10,608
- Of those, single family, Miami-Dade County2,231
- County product, 2024, Miami-Dade County$260,837,199,000
- County product change over the prior year, Miami-Dade County6.6 percent
- Average income of an arriving household, Miami-Dade County$175,619
Every figure in this section is published for Miami-Dade County as a whole and is not a measurement of Homestead. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Homestead questions, answered from the record.
How many people live in Homestead, Florida?
82,807, in 25,638 households. Homestead city covers 15.08 square miles of land, which is 5,490 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Homestead in?
Miami-Dade County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Homestead?
$65,423. The median owner-occupied home is valued at $380,000. Median gross rent is $1,674 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Homestead businesses?
200 7(a) approvals totalling $67.7 m, across 39 lenders, median approval $100,000, plus 42 504 approvals worth $38.5 m. These count approvals to borrowers whose address is in Homestead, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Homestead borrowers get paid back?
Of the 31 loans that have reached a final outcome, 22 were paid in full and 9 charged off, a charge off rate of 29.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Homestead in the National Flood Insurance Program?
Yes. Homestead appears in the FEMA Community Status Book as community 120645, carrying Community Rating System class 7, which is a premium discount for exceeding the programme minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Homestead figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Miami-Dade County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Homestead.
Is zoning published for Homestead?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.