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Real Estate Prices & Overview

Homestead Base median real estate price is $553,774, which is more expensive than 71.1% of the neighborhoods in Florida and 70.7% of the neighborhoods in the U.S.

The average rental price in Homestead Base is currently $2,881, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 72.8% of the neighborhoods in Florida.

Homestead Base is a rural neighborhood (based on population density) located in Homestead, Florida.

Homestead Base real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Homestead Base neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 7.8% in Homestead Base. NeighborhoodScout analysis shows that this rate is lower than 46.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Homestead, the Homestead Base neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Single parenting is hard. But you don't have to tell the Homestead Base neighborhood about it; they already know. 56.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 100.0% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, one of the unique characteristics of the Homestead Base neighborhood revealed by analysis is that the per capita income of residents here is lower than that found in 100.0% of the neighborhoods in America. The Homestead Base neighborhood also has a greater percentage of children living in poverty (100.0%) than found in 99.9% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Homestead Base neighborhood is a fantastic option for bicycle commuters, as 22.0% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 100.0% of the neighborhoods in America.

Also, in the Homestead Base neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 49.6% of commuters carpool here, which is more than in 99.9% of all U.S. neighborhoods.

Finally, our research revealed that more commuters here take the bus to work (20.6% ride the bus) than 99.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Homestead Base neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.9% of all American neighborhoods.

Car Ownership

American households most often have a car, and regularly they have two or three. But households in the Homestead Base neighborhood buck this trend. 62.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 99.3% of U.S. neighborhoods.

Real Estate

Renter-occupied real estate is dominant in the Homestead Base neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 100.0%, which is higher than 99.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Diversity

Did you know that the Homestead Base neighborhood has more Cuban and Haitian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.6% of this neighborhood's residents have Cuban ancestry and 4.7% have Haitian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Homestead Base neighborhood in Homestead are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 100.0% of U.S. neighborhoods. With 100.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.9% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Homestead Base neighborhood, 57.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 37.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (4.3%).

Languages

The most common language spoken in the Homestead Base neighborhood is English, spoken by 66.8% of households. Some people also speak Spanish (30.7%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Homestead Base neighborhood in Homestead, FL, residents most commonly identify their ethnicity or ancestry as Cuban (12.6%). There are also a number of people of Puerto Rican ancestry (10.8%), and residents who report Mexican roots (8.8%), and some of the residents are also of Haitian ancestry (4.7%), along with some Sub-Saharan African ancestry residents (4.4%), among others. In addition, 11.4% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Homestead Base neighborhood spend under 15 minutes commuting one-way to work (54.7% of working residents), one of the shortest commutes across America.

Here most residents (49.6%) carpool with coworkers, friends, or neighbors to get to work. In addition, quite a number also bicycle to get to work (22.0%) and 20.6% of residents also ride the bus for their daily commute. Despite relying on the automobile to get to work, residents of this neighborhood share the ride more than most neighborhoods, reducing traffic, pollution, and saving money.

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