Homestead, IA Profile: Facts & Data

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Homestead, Iowa - Basic Facts

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The Homestead CDP(1) had a population of 151 as of July 1, 2021. Homestead ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Homestead is located at latitude 41.7595 and longitude -91.8671 in Iowa County. The formal boundaries for the Homestead Census Designated Place encompass a land area of 1.71 sq. miles and a water area of 0 sq. miles. Iowa County is in the Central time zone (GMT -6). The elevation is 869 feet.

The Homestead Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Homestead Census Designated Place is located within Township of Iowa, a minor civil division (MCD) of Iowa County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Homestead 2021 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. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2021 Demographics
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Homestead, IA Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 151 (100%)
Population in Households 151 (100.0%)
Population in Families 136 (90.1%)
Population in Group Quarters1 0
Population Density 88
Diversity Index2 11
 
 

INCOME

Median Household Income $66,632
Average Household Income $83,478
% of Income for Mortgage4 14%
Per Capita Income $32,215
Wealth Index5 91
 

HOUSING

Total HU (Housing Units) 62 (100%)
Owner Occupied HU 51 (82.3%)
Renter Occupied HU 8 (12.9%)
Vacant Housing Units 3 ( 4.8%)
Median Home Value $221,429
Average Home Value $315,000
Housing Affordability Index3 198
 

HOUSEHOLDS

Total Households 59
Average Household Size 2.56
Family Households 48
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 0.18% -0.13%
Households 0.31% 0.0%
Families 0.98% 0.0%
Median Household Income   0.53%
Per Capita Income   1.35%
Owner Occupied HU   0.0%

Homestead, IA - Peer Comparisons by Rank and Percentile

The table below compares Homestead to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2021 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 # 778 23rd
Population Density # 965 4th
Median Household Income # 318 69th
Housing Affordability Index # 382 38th
Per Capita Income # 403 60th
Diversity Index # 503 50th

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

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