Housing in 33031 Homestead, FL is highly valuable compared to the rest of the United States. The median value of housing in this area is $746,400, which is far higher than the national median of $338,100. This has been supported by a significant appreciation rate of 17.45% over the past year, which eclipses the US-wide appreciation rate of 8.27%. Property values in this area are expected to continue increasing as demand remains strong and potential homeowners seek out attractive homes in prime locations.
The median home cost in Homestead (zip 33031) is $746,400. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Homestead (zip 33031) is up 26.6%.
Average Age of Homes
- The median age of Homestead (zip 33031) real estate is 28 years old
The Rental Market in Homestead (zip 33031)
- Renters make up 16.5% of the Homestead (zip 33031) population
- 0.0% of houses and apartments in Homestead (zip 33031), 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.