Market Overview
Home Prices in Homestead, FL
The median home value in Homestead, FL is $437,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homestead are priced7% above average. Homestead is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, Homestead home values have risen by approximately40.3%, reflecting strong long-term appreciation in this market.
Price History
Homestead Home Price Trend
City Comparison
Homestead vs. National Median
At $437,066, homes in Homestead cost 7% above the national median of $410,000. Buyers in Homestead should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Homestead?
20% Down Payment
$87,413
on $437,066
Monthly P&I
$2,279/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,894/mo
incl. taxes & insurance
Income Needed
$115,760
gross annual (30% rule)
10% Down Option
$43,707
+ PMI applies
Loan Amount (20% dn)
$349,653
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Homestead, FL?
The median home value in Homestead is $437,066 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Homestead?
Over the past year, home values in Homestead have decreased by 4.6%. Over five years, prices have risen approximately 40.3%.
How much do I need to earn to buy a home in Homestead?
To comfortably afford the median home price of $437,066 with a 20% down payment ($87,413) at today's rates (6.8%), you'd need a gross annual income of approximately $115,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Homestead compare to the national average home price?
The national median home value is approximately $410,000. At $437,066, homes in Homestead are 7% above the national average.
What metro area is Homestead part of?
Homestead is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.