Homestead, MO Profile: Facts & Data

The Village of Homestead had a population of 189 as of July 1, 2024. Homestead ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Missouri. See peer rankings below.

The primary coordinate point for Homestead is located at latitude 39.3628 and longitude -94.2008 in Ray County. The formal boundaries for the Village of Homestead encompass a land area of 0.16 sq. miles and a water area of 0 sq. miles. Ray County is in the Central time zone (GMT -6).

The Village of Homestead has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Homestead, MO Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	189 (100%)
Population in Households	189 (100.0%)
Population in Families	161 (85.2%)
Population in Group Quarters¹	0
Population Density	1,192
Diversity Index²	21


INCOME
Median Household Income	$70,445
Average Household Income	$98,965
% of Income for Mortgage⁴	17%
Per Capita Income	$36,130
Wealth Index⁵	103
Socioeconomic Status Index⁶	Moderate (53.5)

HOUSING
Total HU (Housing Units)	78 (100%)
Owner Occupied HU	63 (80.8%)
Renter Occupied HU	6 ( 7.7%)
Vacant Housing Units	9 (11.5%)
Median Home Value	$189,583
Average Home Value	$186,905
Housing Affordability Index³	147

HOUSEHOLDS
Total Households	69
Average Household Size	2.74
Family Households	50
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Homestead, MO - Peer Comparisons by Rank and Percentile

The table below compares Homestead to the other 1,082 incorporated cities, towns and CDPs in Missouri by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.37%	-0.86%
Households	0.00%	-0.29%
Families		-0.40%
Median Household Income		8.94%
Per Capita Income		4.41%
Owner Occupied HU		0.63%

Variable Description	Rank	Percentile
Total Population	# 742	32nd
Population Density	# 229	79th
Median Household Income	# 357	67th
Housing Affordability Index	# 784	72nd
Per Capita Income	# 353	67th
Diversity Index	# 538	50th

Homestead, MO Profile: Facts & Data

Homestead, Missouri - Basic Facts

Homestead, MO Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Homestead, MO - Peer Comparisons by Rank and Percentile

Homestead, MO - Most Popular Things to Do

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

Quick & Easy Ways to...

Missouri Census Data Comparison Tool

Ray County