Buying in Homestead: what it costs, what it rents for, how fast it sells

Homestead in twelve figures

Everything below comes from our own monthly tracking of 135 Florida areas. Nothing on this page is an estimate we made up, and nothing is a listing.

Figure	August 2026
Median sale price	$500,000
Price per square foot	$266
Typical rent	$2,475 a month
Gross yield, our arithmetic	5.94%
Property tax on the median home	$9,244
Days on market, median	80
Months of supply	7.9
Share of the asking price received	97.2%
Listings that cut the price	27.9%
Active inventory	2,573
New listings	1,103
Closings	641

If you are buying to live here

The median home is $500,000 — within a rounding error of the median across the 135 areas we track. On property tax alone that median home pays $9,244 a year in Miami-Dade — $770 a month, inside the mortgage payment.

The market here is a buyer’s market: 7.9 months of supply against the six that mark the balance. There is room to negotiate here, and the next figure says how much. And it is about average: 80 days, near the 76-day median. Sellers are getting 97.2% of what they ask, and 27.9% of listings cut the price before they sell — which is the number that tells you whether an offer below asking is an insult or a conversation.

If you are buying to rent

Typical rent is $2,475 a month, which on the median price is a gross yield of 5.94%. The median across the areas we track is 5.67%.

Gross is not net. Take the $9,244 of property tax off first and the yield is already down to 4.09%, before insurance, the association, vacancy or a single repair. That is the arithmetic the rental yield guide works through, and it is why a headline yield is a screening tool and not a decision.

If you are selling in Homestead

The median home takes 80 days to sell and collects 97.2% of its asking price. With 2,573 active listings against 641 closings in the month, that is 7.9 months of supply.

27.9% of listings here cut the price before selling. A price cut is what happens when the first number was wrong, and it costs more than the cut itself: a listing that has been sitting invites a lower offer.

New construction in Homestead

Our catalogue has 10 new-construction communities in Homestead, starting at $369,990.

New construction competes with the resale market in the same area, and the comparison is not only price: a new house carries an HOA fee and often a CDD assessment that an older one does not. The Miami-Dade new-construction page lists what each community there publishes, and the full catalogue covers the rest of Florida.

Other areas in Miami-Dade

Same county, different numbers. These are the other ones we cover in depth:

Kendall, North Miami Beach, Aventura, Hialeah.

Areas at a similar price

Of the 21 areas we cover in depth, these are the closest to Homestead on median price. Same budget, different county, different rent and different tax bill.

Hollywood – Hollywood Hills/West ($495,000), Hialeah ($499,000), Winter Garden ($606,000), Kendall ($643,825).

How this page was built

Median sale price, price per square foot, days on market, months of supply, inventory, new listings, closings, the share of the asking price received and the share of listings that cut it: Redfin Data Center, August 2026. Typical rent: Zillow. Gross yield and the property tax figure are our own arithmetic on those inputs — rent times twelve over price, and the county millage from the Florida Department of Revenue applied to the median value with the homestead exemption. Refreshed every month, and the month is printed above so you can see how old it is. This page has no listings on it and is not an offer.