HomeFloridaMiami-Dade CountyHomestead
Homestead, Florida: commercial real estate data.
Homestead 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 since FY2020.
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$937,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Homestead, in any county, FY2020 to FY2026.
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$453,000
- Largest approval$4,765,000
- Jobs supported293
- Loans with a final outcome6
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Homestead, in any county, FY2010 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Homestead
Flood risk in Homestead
- NFIP communityCity of Homestead
- NFIP community number120645
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date09/11/09
The City of Homestead participates in the National Flood Insurance Program as community 120645 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Miami-Dade County, not Homestead
Miami-Dade County context, not Homestead figures
- Establishments in Miami-Dade County98,394
- Covered employment, Miami-Dade County1,257,569
- Average annual pay, Miami-Dade County$77,609
- Housing units permitted, Miami-Dade County10,608
Every figure in this section is published for Miami-Dade County as a whole and is not a measurement of Homestead.
All Miami-Dade County figures →
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $67.7 m since FY2020, across 39 lenders, median approval $100,000, plus 42 504 approvals worth $38.5 m since FY2010. 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 Homestead, city of, community 120645, carrying Community Rating System class 7, which is a premium discount for exceeding the program 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 labeled 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?
No. Nothing on this page presents parcel level zoning.