Housing in Homestead, FL has seen an exceptional appreciation rate over the last year. The median value of a house in Homestead is $410,900, which is above the US median value of $338,100. This increase in value can be attributed to the 17.45% appreciation rate experienced by homes in Homestead over the last year—nearly double the national rate of 8.27%. As such, Homestead continues to be an attractive and lucrative real estate market for those looking to purchase property in the area.
The median home cost in Homestead is $410,900. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Homestead is up 26.6%.
Average Age of Homes
- The median age of Homestead real estate is 16 years old
The Rental Market in Homestead
- Renters make up 49.8% of the Homestead population
- 3.2% of houses and apartments in Homestead, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.