Homestead FL Rental Prices

Rental prices in Homestead have changed dramatically since this article was first published in 2009. That is exactly why an owner should not rely on an old rule of thumb when pricing a rental.

Start with current competition

We look at properties that are competing for the same tenant, not just a broad citywide average. A newer townhouse in an HOA community and an older single family home on a larger lot can have very different rental markets even when they are only a few miles apart.

Property type and condition matter

Bedrooms, bathrooms, parking, yard space, community amenities, updates and overall condition can all affect what a tenant is willing to pay. HOA approval requirements can also affect how quickly a property can be leased.

Do not price only for the highest number

An asking rent that is too high can create a longer vacancy. Sometimes getting a good tenant in place sooner is more valuable than holding out for a small amount of additional monthly rent.

View Current Market Data