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Homestead, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,478
Monthly Cash Flow
-$236
Principal + Equity
$4,078
Annual Total Gain
$46,101
Cash on Cash
-2.54%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$188
Occupancy Rate
60%
Monthly Revenue
$2,450
Monthly Cash Flow
-$631
Principal + Equity
$4,078
Annual Total Gain
$41,359
Cash on Cash %
-6.8%
Net ROI %
Market Health & Growth
Median Income
$61,975
Population
80,725
LTR Renter %
54.98%
Forecast (1 yr)
1.82%
Appreciation (1 yr)
-3.36%
Appreciation (5 yr)
64.97%
Appreciation (10 yr)
160.83%
Job Growth
5.05%
LTR Rentability
High
STR Demand
59
STR Rentals
441
Top Public Schools
ASchool for Advanced Studies - Homestead
ASchool for Advanced Studies - North
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#171out of 380 markets
Places with the Best Public Schools in Florida
#376out of 660 markets
Suburbs with the Best Public Schools in Florida
#229out of 380 markets
B
Public School
D
Crime And Safety
D
Housing
C
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Homestead, FL.
In Homestead, FL, Short Term Rental (STR) regulations are governed by the city's zoning ordinances and codes. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Zoning Restrictions: Homestead has specific zoning regulations that dictate where short term rentals are permitted. Investors should ensure that the property they are considering is located in a zone that allows for short term rentals.
2. Licensing and Permits: Short term rental operators in Homestead are required to obtain a business tax receipt and a short term rental license from the city. These permits may have specific requirements and fees associated with them.
3. Occupancy Limits: Homestead may have occupancy limits for short term rentals, which dictate the maximum number of guests allowed to stay at the property at any given time. Investors should be aware of these limits and ensure they are in compliance.
4. Safety and Health Regulations: Short term rental properties in Homestead must meet certain safety and health standards, such as having working smoke detectors, fire extinguishers, and proper sanitation facilities. Investors should ensure their property meets these requirements.
5. Noise and Nuisance Regulations: Homestead may have noise and nuisance regulations that apply to short term rentals, such as quiet hours or restrictions on outdoor gatherings. Investors should be aware of these regulations and ensure their guests comply with them.
6. Taxation: Short term rental operators in Homestead are required to collect and remit state and local sales and tourist development taxes on rental income. Investors should be aware of these tax obligations and ensure they are compliant.
Overall, investors looking to purchase a property for short term rental purposes in Homestead, FL should thoroughly research and understand the local regulations and requirements to ensure a successful and compliant investment.
Market Trends Over Time
Explore 25 years of market data for Homestead, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Homestead, FL.
The LTR Genie Score of Homestead, FL is 79, indicating a high level of rentability for long-term rental properties in the area. This is supported by the LTR Net ROI of 41.39% and the positive 1-Year Price Appreciation Forecast of 1.82%. On the other hand, the STR Genie Score of 64 suggests that short-term rental properties may not perform as well in this market compared to long-term rentals. The lower STR Net ROI of 37.13% and the STR Occupancy rate of 60.0 also contribute to this assessment.
Homestead, FL is a growing city located in Miami-Dade County, known for its proximity to the Everglades National Park and the Florida Keys. The area offers a mix of suburban and rural living, making it attractive to a variety of renters and potential buyers.
Based on the metrics provided, Homestead, FL appears to be a more favorable market for long-term rental investments due to the higher LTR Genie Score and rent growth rate. Investors looking for stable and consistent returns may find success in this market. However, those interested in short-term rentals should proceed with caution and conduct further research to determine the viability of such investments in Homestead.
