Homestead is a city located in Minnesota. Homestead has a 2024 population of 398. Homestead is currently growing at a rate of 0.25% annually and its population has increased by 0.51% since the most recent census, which recorded a population of 396 in 2020.
The average household income in Homestead is $100,440 with a poverty rate of 4.19%. The median age in Homestead is 40.6 years: 42.5 years for males, and 38.2 years for females.
According to the most recent ACS, the racial composition of Homestead was:
White
Native American
Two or more races
Asian
Black or African American
Native Hawaiian or Pacific Islander
Other race
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 121 | 2.56 | 92.6 | 7.4 |
| Married | 92 | 2.93 | 95.7 | 4.3 |
| Non Family | 24 | 1.08 | 79.2 | 20.8 |
| Male | 3 | 3 | 100 | 0 |
| Female | 2 | 2.5 | 100 | 0 |
2.89
Average Family Size
2.56
Average Household Size
92.6%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among native american people with a rate of 100%.
The highest rate of bachelors degrees is among asian people with a rate of 100%.
All
Male
Female
$56,346
Average Earnings
$59,375
Average Male
$48,750
Average Female
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
99.31% of Homestead residents speak only English, while 0.69% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 0.35% of the population.
rate
4.19%
Overall Poverty Rate
4.68%
Male Poverty Rate
3.6%
Female Poverty Rate
The race most likely to be in poverty in Homestead is White, with 4.29% below the poverty level.
The race least likely to be in poverty in Homestead is White, with 4.29% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 1.48%. Among those working part-time, it was 5.56%, and for those that did not work, the poverty rate was 12.96%.
Married
Widowed
Divorced
Separated
NeverMarried
73.8%
Overall Marriage Rate
68.6%
Male Marriage Rate
80.0%
Female Marriage Rate
male
female
The age group where males are most likely to be married is 55-64, while the female age group most likely to be married is 35-44.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
21.43%
Veteran Poverty Rate
50%
Veteran Disability Rate
LaborForceParticipation
72.4%
Labor Force Participation
72%
Employment Rate
0.6%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
83.23%
Born in Homestead
98.71%
Native Born
1.29%
Foreign Born
0%
Non Citizen
1.29%
Naturalized
98.71% of Homestead residents were born in the United States, with 83.23% having been born in Minnesota. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.
Year | Population | Growth | Growth Rate |
|---|---|---|---|
| 2029 | 403 | 1 | 0.25% |
| 2028 | 402 | 1 | 0.25% |
| 2027 | 401 | 1 | 0.25% |
| 2026 | 400 | 1 | 0.25% |
| 2025 | 399 | 1 | 0.25% |
| 2024 | 398 | 1 | 0.25% |
| 2023 | 397 | 1 | 0.25% |
| 2022 | 396 | 1 | 0.25% |
| 2021 | 395 | -1 | -0.25% |
| 2020 | 396 | 33 | 9.09% |
| 2019 | 363 | -1 | -0.27% |
| 2018 | 364 | 3 | 0.83% |
| 2017 | 361 | 1 | 0.28% |
| 2016 | 360 | 1 | 0.28% |
| 2015 | 359 | -1 | -0.28% |
| 2014 | 360 | -1 | -0.28% |
| 2013 | 361 | 1 | 0.28% |
| 2012 | 360 | -2 | -0.55% |
| 2011 | 362 | 0 | 0% |
| 2010 | 362 | 0 | 0% |