Homestead is a mid-sized city located in the state of Florida. The city has a population of 65,688 inhabitants. With a population density of 4,346 people per square mile, Homestead is well above the nation's average density level. At 69%, the majority of the Homestead population is White; this is followed by 24% Black and 1% Asian. Additionally, more than a quarter of the population of Homestead are of Hispanic or Latino origin, and 54% of the population also speak Spanish. Homestead could be a great place for young adults and students as the average age of 31 years old is below the nation’s average.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Homestead, Florida could be a positive experience for anyone who puts in the time to do the research required. Finding the best places to live in Homestead and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, cost of living, employment, housing and other important metrics.
The livability score in Homestead is 65/100 and the city is ranked in the 38th percentile of all cities across America. There are seven total categories that generate the livability score. Homestead ranks well for amenities (A+) and weather (A-). There is at least one category that did not score well in Homestead. The following was graded with a concerning score: crime (F), education (F) and employment (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Homestead, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: Coral Castle, Schnebly Redland's Winery, and Fruit & Spice Park.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Homestead is real estate affordability. The median home price for Homestead homes is $141,300, which is 15.3% lower than the Florida average. If we take a closer look at the affordability of homes in Homestead, we’ll see that the home price to income ratio is 3.5, which is 2.9% higher than the Florida average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Homestead area were 12.5% and 5 year appreciation rates were 17.7%.
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