Homestead, FL
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Homestead short-term rental market based on reliable data.
Listings
199 / 600
Reliable / Active
Cap Rate
7%
Middle-Earners Gross Yield
Revenue
$30,975
Middle-Earners Revenue
Occupancy
62%
Middle-Earners Occupancy
Home Value
$438,375
Median Home Sale Price
Top Earners
$64,773
Top-Earners Revenue
Homestead
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Homestead.
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Challenging to Investors
Homestead Regulations
STRs are allowed but heavily regulated with multiple layers (state DBPR license, Miami-Dade CU for unincorporated areas, and unknown city rules for Homestead itself), increasing compliance complexity. Strict occupancy caps (max 12 guests) and on-site residency requirements limit flexibility, while fees (state ~$230 annually, county ~$173 annually) and inspections add costs, creating investor risk due to unclear city enforcement.
Local STR Agent
STR specialist · Homestead, FL
About Homestead
Homestead, Florida is a city situated in Miami-Dade County, approximately 35 miles southwest of downtown Miami. As of the latest census, the population of Homestead is approximately 80,000 residents. The city is a gateway to a number of prominent natural attractions and offers a unique blend of urban amenities and rural charm, making it an appealing destination for short-term rentals.
Notably, Homestead is adjacent to two of Florida's most famous national parks: the Everglades National Park to the west and Biscayne National Park to the east. The Everglades National Park (https://www.nps.gov/ever/index.htm)) is renowned for its vast wetlands and diverse wildlife, offering numerous outdoor activities such as hiking, bird watching, and airboat rides. Biscayne National Park (https://www.nps.gov/bisc/index.htm)) features beautiful coral reefs, islands, and an abundance of marine life, making it ideal for snorkeling, diving, and boating.
Another significant landmark in Homestead is the Coral Castle Museum (https://coralcastle.com/),,) an enigmatic structure built from large coral rock pieces by a single man, which continues to fascinate visitors from around the world with its mysterious origins and construction methods. Additionally, the Homestead-Miami Speedway (https://www.homesteadmiamispeedway.com/)) draws motorsport enthusiasts, hosting NASCAR and other racing events.
The city also accommodates family-friendly attractions like the Fruit and Spice Park (https://redlandfruitandspice.com/),,) a unique botanical garden featuring over 500 varieties of fruits, vegetables, spices, and herbs, many of which are available for tasting.
Homestead's proximity to Miami provides easy access to the bustling cultural and nightlife scene of a major metropolitan area while allowing visitors to retreat to a more relaxed, suburban environment. This combination of natural wonders, unique local attractions, and convenient access to metropolitan amenities makes Homestead an appealing option for those seeking short-term rentals.