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City Report · PA

Homestead

Pop. 2,874·132nd most expensive in Pennsylvania·Rents have been falling, good time to negotiate
Median rent (all units)
$1,285/mo
Year-over-Year
Stable
Month-over-Month
-4.7%
vs US Median
-$680
Falling (Monthly)
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Most AffordableMost Expensive
Homestead · $1,285
More affordable than 88% of US cities · National median $1,965/mo
Affordability
39% of income
MODERATE
0%30% benchmark60%+

At $1,285/mo, rent takes about 39% of the local median household income, slightly above the 30% benchmark.

Income to afford
$51,000/yr
Local median income
$39,052/yr
Based on the 30%-of-income rule using Homestead's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

1 BR
$658
2 BR
$980
3 BR
$1,083
Research median
$980/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,420/yr
At $1,285/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -4.7% MoM), not inventory.
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Demographics

Who lives here

Homestead, PA is majority renter-occupied, has a large retiree population, has a median income below the national average, 19.6% of residents hold a bachelor's degree or higher.

Population
2,874
Median income
$39,052
Median age
49.2
Renters
65.9%
Age distribution
19.4%
23.9%
16.8%
14.9%
25%
Under 1819.4%
18–3423.9%
35–5416.8%
55–6414.9%
65+25%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
31.8%
54.6%
White31.8%
Black54.6%
Hispanic1.9%
Asian0.6%
Other11.1%
Education (25+)
44.8%
28.2%
19.6%
No HS diploma7.4%
HS diploma44.8%
Some college28.2%
Bachelor's+19.6%
Housing tenure
34.1%
65.9%
Owner34.1%
Renter65.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Homestead, PA has changed in 5 years

Income
$26,992 → $39,052
up 44.7%
Population
2,919 → 2,874
down 1.5%
Renter share
69.2% → 65.9%
-3.3 pts
Bachelor's+
14.4% → 19.6%
+5.2 pts
Median age
32.1 → 49.2
+17.1 yrs

Census figures show median household income at $39,052 today, compared with $26,992 five years earlier. Census counts show Homestead, PA losing about 45 residents over the five-year window, down 1.5% on net. The renter share has eased from 69.2% to 65.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 14.4% to 19.6% across the same window.

Community

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View Homestead rent history (2015–2026) →
Salary vs rent

Can you afford rent in Homestead on your salary?

At $1,285/mo, how Homestead rent compares to typical pay (30% rule).

By apartment size

Homestead rent by bedroom count

Median rent for each apartment size in Homestead. Click any size for full breakdown.

Local insights

Tips for renters in Homestead

About renting in Homestead, PA

Last updated: July 20, 2026

The median rent in Homestead is $1,285/mo as of July 2026. a 2-bedroom runs $980/mo. One-bedroom apartments average $658/mo and 3-bedroom units go for $1,083/mo.

At 39% of local median household income ($39,052/yr), Homestead ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Homestead an affordable city for renters?

Homestead is considered moderate for renters. At $1,285/mo, rent takes approximately 39% of the local median household income ($39,052/yr). The standard benchmark is 30%. Homestead slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Homestead?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (~$25/hour full-time) to afford the median rent of $1,285/mo in Homestead. The local median household income is $39,052/yr, meaning the typical Homestead household falls short of that threshold.

Is rent going up or down in Homestead?

Rent in Homestead has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Homestead rent compare to other cities in Pennsylvania?

Homestead is one of the more affordable cities in Pennsylvania for rent, ranking #132 out of 167 tracked cities at $1,285/mo.

Which nearby cities are cheaper to rent in than Homestead?

McKeesport is nearby and more affordable at $1,031/mo, which is $254 less than Homestead.

What percentage of Homestead residents rent vs. own?

According to Census data, approximately 65.9% of Homestead households are renters, while 34.1% are owner-occupied. With a majority renter population, Homestead has a strong rental market.

How does Homestead rent compare to the national average?

Homestead's median rent of $1,285/mo is $680 (35%) below the US national median of $1,965/mo. Within Pennsylvania, it ranks #132 out of 167 tracked cities.
Income Affordability
39%
MODERATE

At $1,285/mo, rent takes ~39% of Homestead's median household income ($39,052/yr). The standard benchmark is 30%.

Homestead 39%Benchmark 30%
State income tax3.07%
Run the Homestead affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Homestead, PA

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