Homestead is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 81,659 people and 41 associated neighborhoods, Homestead is the 37th largest community in Florida. There's nothing like the smell of a brand new house, and in Homestead, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Homestead, and putting down their money on brand new construction. Homestead’s real estate is, on average, some of the newest in the nation. Homestead does seem to be experiencing an influx of affluent people, because the median household income is $61,975.00.

Homestead is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

One downside of living in Homestead is that it can take a long time to commute to work. In Homestead, the average commute to work is 35.09 minutes, which is quite a bit higher than the national average.

The education level of Homestead citizens is a little higher than the average for US cities and towns: 24.35% of adults in Homestead have at least a bachelor's degree.

The per capita income in Homestead in 2022 was $24,245, which is low income relative to Florida and the nation. This equates to an annual income of $96,980 for a family of four. However, Homestead contains both very wealthy and poor people as well.

Homestead is an extremely ethnically-diverse city. The people who call Homestead home describe themselves as belonging to a variety of racial and ethnic groups. People of Hispanic or Latino origin are the most prevalent group in Homestead, accounting for 67.66% of the city’s residents (people of Hispanic or Latino origin can be of any race). The greatest number of Homestead residents report their race to be Black or African-American, followed by White. Important ancestries of people in Homestead include Haitian, Jamaican, Italian, French, and German.

Foreign born people are also an important part of Homestead's cultural character, accounting for 40.00% of the city’s population.

The most common language spoken in Homestead is Spanish. Other important languages spoken here include English and French.