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 85,796 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 $65,423.00.

One of the nice things about Homestead is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

One downside of living in Homestead, however, is that residents on average have to contend with a long commute, spending on average 33.78 minutes every day commuting to work.

The citizens of Homestead are slightly better educated than the national average of 21.84% for all cities and towns, with 24.95% of adults in Homestead having a bachelor's degree or advanced degree.

The per capita income in Homestead in 2022 was $25,654, which is low income relative to Florida and the nation. This equates to an annual income of $102,616 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 67.43% 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, German, and Irish.

Foreign born people are also an important part of Homestead's cultural character, accounting for 40.81% of the city’s population.

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