Homestead, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Homestead, MI: Quick Facts & Overview
- Population: 18,681 residents (3 people per sq. mi.)
- Average House Price: $158,997
- Average Household Income: $60,658
Homestead, MI is located in the state of Michigan. It is home to about 18,681 people, with around 3 residents living in every square mile.
If you want to buy a house in Homestead, the average price is around $158,997. That makes local housing 28% lower than the Michigan average of $221,733, and 48% lower than the national average of $308,592.
The average household in Homestead earns about $60,658 a year. This income is 17% lower than the average family in Michigan ($73,374), and 23% lower than the national average ($78,686).
Population
18,681
Median Household Income
$60,658
Median Home Value
$158,997
Median Age
37.8 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $31,747 |
| Labor Force Participation | 63.6% |
| Unemployment Rate | 4.6% |
| Average Commute Time | 14.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 67.2% |
| Median Rent | $795 |
| Rent Burdened (>30% Income) | 30.5% |
| Total Housing Units | 7,984 |
Additional Census & Housing Profile
Geographic Overview
| County | Chippewa |
| County FIPS | 26033 |
| Metro Area (CBSA) | Sault Ste. Marie, MI |
| Population Density | 2.7/sq mi |
| Coordinates (lat/lng) | 46.3381, -84.1225 |
| Timezone | America/Detroit |
| National Ranking | 5 |
| Incorporated | No |
Household Structure
| Average Family Size | 2.89 |
| Dual Income Families | 57.9% |
Marital Status
| Married | 41.4% |
| Never Married | 36.8% |
| Divorced | 14.4% |
| Widowed | 7.5% |
Gender
| Male | 49.1% |
| Female | 50.9% |
Health & Poverty
| Uninsured Rate (Health) | 6.2% |
| Poverty Rate | 14.6% |
Key Population Groups
| Veterans | 7.1% |
| Disabled Population | 16.1% |
| Limited English Proficiency | 0.5% |
All ZIP Codes in Homestead
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 49783 | 18,681 | $60,658 | $158,997 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Sault Ste. Marie, MI | 15.5 miles | 13,335 |
| Kincheloe, MI | 16.7 miles | 2,524 |
| Brimley, MI | 22.2 miles | 345 |
| De Tour Village, MI | 26.1 miles | 212 |
| Mackinac Island, MI | 40.9 miles | 561 |
| St. Ignace, MI | 43.4 miles | 2,463 |
| Mackinaw City, MI | 49.1 miles | 778 |
| Cheboygan, MI | 51 miles | 4,820 |