At $1,291/mo, rent takes about 40% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,291 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Homestead, PA has changed in 5 years
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.
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Can you afford rent in Homestead on your salary?
At $1,291/mo, how Homestead rent compares to typical pay (30% rule).
Homestead rent by bedroom count
Median rent for each apartment size in Homestead. Click any size for full breakdown.
Tips for renters in Homestead
Last updated: August 17, 2026
The median rent in Homestead is $1,291/mo as of August 2026. a 2-bedroom runs $980/mo. One-bedroom apartments average $658/mo and 3-bedroom units go for $1,083/mo.
At 40% 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.
Frequently asked questions
Is Homestead an affordable city for renters?
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Is rent going up or down in Homestead?
How does Homestead rent compare to other cities in Pennsylvania?
Which nearby cities are cheaper to rent in than Homestead?
What percentage of Homestead residents rent vs. own?
How does Homestead rent compare to the national average?
At $1,291/mo, rent takes ~40% of Homestead's median household income ($39,052/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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