Population 4,055 · Census ACS 2020–24
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Population and households in Homestead
Household size in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 1.84 | 2.57 | 2.50 | 2.68 |
| 2010–14 | 2.04 | 2.63 | 2.55 | 2.73 |
| 2015–19 | 1.79 | 2.63 | 2.56 | 2.71 |
| 2020–24 | 1.84 | 2.51 | 2.50 | 2.65 |
| Change | +0.00 | −0.06 | +0.00 | −0.03 |
Households in Homestead are small: just 1.84 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Homestead has smaller households than at least four in five Portland neighborhoods.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 35.5 | 37.3 | 39.0 | 37.7 |
| 2010–14 | 35.1 | 38.3 | 40.0 | 38.6 |
| 2015–19 | 45.3 | 39.3 | 40.9 | 39.6 |
| 2020–24 | 38.1 | 41.0 | 41.6 | 40.1 |
| Change | +2.6 | +3.7 | +2.5 | +2.3 |
Homestead is a little younger than the country as a whole: its median age is 38.1, against 40.1 nationally. The median age has climbed from 35.5 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.4% | 10.5% | 10.5% | 12.3% |
| 2010–14 | 3.9% | 10.3% | 10.8% | 12.3% |
| 2015–19 | 3.9% | 9.4% | 9.9% | 11.6% |
| 2020–24 | 8.0% | 9.5% | 10.4% | 11.6% |
| Change | +5.6 pts | −1.0 pts | −0.1 pts | −0.6 pts |
Single-parent households are relatively rare in Homestead: 8.0% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Homestead
Renters in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 67.7% | 36.6% | 36.2% | 33.3% |
| 2010–14 | 58.7% | 39.1% | 38.5% | 35.6% |
| 2015–19 | 64.3% | 37.6% | 37.6% | 36.0% |
| 2020–24 | 65.2% | 38.3% | 36.7% | 34.8% |
| Change | −2.4 pts | +1.7 pts | +0.5 pts | +1.5 pts |
Renters far outnumber owners in Homestead: 65.2% of households rent their homes, against 34.8% nationally. About half of owners (50.1%) have paid off their mortgages, well above the national share of 39.8%. Homestead has a higher share of renters than at least four in five Portland neighborhoods.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.8% | 7.4% | 8.9% | 11.4% |
| 2010–14 | 7.9% | 6.8% | 9.1% | 11.4% |
| 2015–19 | 11.4% | 6.1% | 8.3% | 11.1% |
| 2020–24 | 7.7% | 7.1% | 7.4% | 9.6% |
| Change | +0.9 pts | −0.3 pts | −1.5 pts | −1.8 pts |
Vacancy is on the low side in Homestead: 7.7% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. The picture is much the same across the Portland area. Compared with other Portland neighborhoods, though, Homestead has a higher vacancy rate than most.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 1964 | 1977 | 1976 | 1974 |
| 2010–14 | 1964 | 1978 | 1977 | 1975 |
| 2015–19 | 1967 | 1980 | 1978 | 1977 |
| 2020–24 | 1966 | 1981 | 1981 | 1980 |
| Change | +2 | +4 | +5 | +6 |
The housing in Homestead is old by national standards: the median home dates to 1966, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | $828 | $961 | $870 | $965 |
| 2010–14 | $938 | $1,105 | $982 | $1,040 |
| 2015–19 | $1,293 | $1,374 | $1,183 | $1,213 |
| 2020–24 | $1,632 | $1,794 | $1,601 | $1,571 |
| Change | +$804 | +$833 | +$731 | +$606 |
The median renter in Homestead pays $1,632 a month for rent and utilities, close to the national median of $1,571. Rents here are lower than in the Portland area overall ($1,794). The typical renter here spends 33.1% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Homestead
Bachelor's degrees in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 75.0% | 33.3% | 29.0% | 28.4% |
| 2010–14 | 79.9% | 34.5% | 30.2% | 29.6% |
| 2015–19 | 72.6% | 39.2% | 33.5% | 32.1% |
| 2020–24 | 75.9% | 42.6% | 36.4% | 35.6% |
| Change | +0.9 pts | +9.3 pts | +7.3 pts | +7.2 pts |
College graduates are unusually common in Homestead: 75.9% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. Few Portland neighborhoods have a higher share of college graduates: only five of 64.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 99.7% | 90.0% | 88.5% | 84.9% |
| 2010–14 | 98.7% | 90.6% | 89.4% | 86.1% |
| 2015–19 | 99.7% | 91.9% | 90.5% | 87.7% |
| 2020–24 | 97.9% | 93.2% | 91.5% | 89.3% |
| Change | −1.8 pts | +3.2 pts | +3.0 pts | +4.3 pts |
Finishing high school is nearly universal in Homestead: 97.9% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Homestead has a higher share of high school graduates than most Portland neighborhoods.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Homestead
| Period | Homestead | Portland area | Oregon | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.1% | 8.6% | 8.8% | 8.1% |
| 2010–14 | 3.4% | 9.6% | 10.6% | 9.4% |
| 2015–19 | 5.3% | 4.7% | 5.6% | 5.6% |
| 2020–24 | 0.8% | 4.6% | 5.3% | 5.4% |
| Change | −4.3 pts | −4.0 pts | −3.5 pts | −2.7 pts |
Unemployment in Homestead has been low: just 0.8% of the labor force was out of work and looking, well below the national rate of 5.4%. No other Portland neighborhood has lower unemployment. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Homestead compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Homestead | 1.84 | 38.1 | 8.0% | 65.2% | 7.7% | 1966 | $1,632 | 75.9% | 97.9% | 0.8% |
| Southwest Hills | 2.28 | 42.7 | 6.4% | 28.0% | 6.8% | 1956 | $1,750 | 83.8% | 99.8% | 3.6% |
| Corbett-Terwilliger-Lair Hill | 1.79 | 42.1 | 8.1% | 59.4% | 9.7% | 1994 | $1,936 | 75.9% | 99.4% | 4.9% |
| University District | 1.41 | 40.1 | 2.8% | 84.8% | 12.2% | 1987 | $1,399 | 53.1% | 92.1% | 7.9% |
| Hillsdale | 2.31 | 42.1 | 7.4% | 37.4% | 5.9% | 1965 | $1,602 | 67.8% | 96.7% | 2.4% |
| Brooklyn | 2.16 | 37.1 | 5.8% | 58.3% | 4.6% | 1958 | $1,528 | 55.7% | 93.8% | 12.7% |
| Bridlemile | 2.38 | 41.5 | 8.6% | 31.4% | 5.7% | 1967 | $1,697 | 75.2% | 98.8% | 4.0% |
| Northwest | 1.52 | 36.9 | 2.8% | 79.2% | 9.2% | 1966 | $1,663 | 68.8% | 96.9% | 5.5% |
| Old Town-Chinatown | 1.45 | 42.1 | 1.4% | 91.9% | 19.7% | 1984 | $1,119 | 36.9% | 87.7% | 10.5% |
| Pearl District | 1.46 | 40.2 | 3.1% | 72.9% | 14.1% | 2007 | $1,812 | 75.3% | 99.4% | 3.6% |
| Hosford-Abernethy | 2.09 | 39.5 | 4.4% | 51.4% | 9.1% | 1944 | $1,785 | 66.1% | 99.5% | 9.0% |
All figures 2020–24.
Neighborhoods with similar populations: Galeville, Liverpool, NY · Lake Hollingsworth, Lakeland, FL · Bryan Downtown Historic District, Bryan, OH · Catalina Foothills Estates, Catalina Foothills, AZ · Downtown Burlingame, Burlingame, CA · Downtown Lynn Haven, Lynn Haven, FL · Westnedge Hill, Kalamazoo, MI · Westinghouse, Charlotte, NC · Morgan Village, Camden, NJ · Harrison, Minneapolis, MN
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Homestead. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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