Homestead, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Homestead, Pennsylvania rental market.
Homestead, Pennsylvania
Average Apartment Rent
$1,802
Y-o-Y Change in Average
Apartment Rent
2.6%
As of March 2026
Compared to a year ago, Homestead, Pennsylvania apartments have recorded a 2.6% rent increase.
Homestead, Pennsylvania Average apartment rent trend
Homestead, Pennsylvania Average Apartment Rent
Homestead, Pennsylvania Apartment rent ranges
At 35.13%, apartments priced $1,000 - $1,500 represent the bulk of Homestead, Pennsylvania rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 5.55%.
Homestead, Pennsylvania Housing tenure**
Renters take up 72% of Homestead, Pennsylvania real estate, occupying a total of 916 units, while homeowners live in 348 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$25,066
Average household size of renter-occupied housing units**
2.03
Rental vacancy rate**
7.2%
Homestead, Pennsylvania Renter-occupied housing units by no. of bedrooms**
There are 371 rentals in Homestead, Pennsylvania with 1 bed making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 32 units. Overall, the median number of rooms in Homestead, Pennsylvania homes for rent is 4.3.
Homestead, Pennsylvania Renter-occupied units by age of householder**
Most condos for rent in Homestead, Pennsylvania are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 75 - 84 years age group (17%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 3%.
Homestead, Pennsylvania Renter-occupied housing units by family type**
Homestead, Pennsylvania Renter-occupied housing units by the presence of own children**
A total of 359 apartments for rent in Homestead, Pennsylvania, or 39% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 219 units. All in all, the median size of a renter-occupied household in Homestead, Pennsylvania is 2.03.
Homestead, Pennsylvania Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Homestead, Pennsylvania.
Homestead, Pennsylvania Renter-occupied units by year structure built**
The highest share of Homestead, Pennsylvania apartment rentals, namely 36% or 328 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (23%, 214 units), and the ones Built 1970 - 1979 (12%, 110 units).
Homestead, Pennsylvania Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Homestead, Pennsylvania renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Homestead, Pennsylvania condos for rent is 2014.
Homestead, Pennsylvania Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Homestead, Pennsylvania renters have No vehicle available per household, 42% of them have 1 vehicle available, and 11% have 2 or more vehicles available.
Homestead, Pennsylvania Means of transportation to work of householders living in renter-occupied housing units**
Homestead, Pennsylvania Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Homestead, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
