Homestead, PA Profile: Facts & Data

Advertisement

Homestead Local Links & Resources:
Resources | ALL Homestead Content
Planning to visit Homestead? See Local Hotels

Also See Homestead, PA: ZIP Codes & Maps

Homestead, Pennsylvania - Basic Facts

The Borough of Homestead had a population of 2,744 as of July 1, 2023. Homestead ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.

The primary coordinate point for Homestead is located at latitude 40.4059 and longitude -79.912 in Allegheny County. The formal boundaries for the Borough of Homestead encompass a land area of 0.57 sq. miles and a water area of 0.07 sq. miles. Allegheny County is in the Eastern time zone (GMT -5).

The Borough of Homestead has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Homestead 2023 Demographic Data
  2. Growth Rates for Homestead (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Pennsylvania Research Tools (Easy Tools & Current Data)
  3. Pennsylvania Data Comparison Tool - 2023 Demographics
Advertisement

Homestead, PA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,744 (100%)
Population in Households 2,690 (98.0%)
Population in Families 1,796 (65.5%)
Population in Group Quarters1 54 ( 2.0%)
Population Density 4,763
Diversity Index2 58
 
 

INCOME

Median Household Income $29,065
Average Household Income $55,094
% of Income for Mortgage4 14%
Per Capita Income $29,635
Wealth Index5 32
Socioeconomic Status Index6 Low (34.4)
 

HOUSING

Total HU (Housing Units) 1,905 (100%)
Owner Occupied HU 419 (22.0%)
Renter Occupied HU 1,054 (55.3%)
Vacant Housing Units 432 (22.7%)
Median Home Value $69,094
Average Home Value $131,265
Housing Affordability Index3 170
 

HOUSEHOLDS

Total Households 1,473
Average Household Size 1.83
Family Households 662
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.52% -0.32%
Households 0.13% 0.04%
Families   0.03%
Median Household Income   1.71%
Per Capita Income   3.61%
Owner Occupied HU   0.57%

Homestead, PA - Peer Comparisons by Rank and Percentile

The table below compares Homestead to the other 1,888 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 513 73rd
Population Density # 171 91st
Median Household Income # 1878 1st
Housing Affordability Index # 1532 81st
Per Capita Income # 1436 24th
Diversity Index # 153 92nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.

Homestead, PA - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Pennsylvania Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Pennsylvania Census Data Comparison Tool

Compare Pennsylvania July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement