Homestead, Florida Short-Term Rental Market
Homestead/Miami-Dade STRs averaged $282/night at 60.8% occupancy in April 2026 across a market of 31,000+ active listings.
Quick Answer: Homestead, Florida is an active short-term rental market. average occupancy is 61%. average monthly revenue is $4,881. average daily rate is $282. the top operator is Wehost with 505 listings. market score is 55/100 (grade C).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
The Homestead area is part of the Miami-Dade County STR market, one of the largest and most active short-term rental markets in the United States. Miami-Dade drew 28.23 million visitors in 2024, a record, generating $22 billion in visitor spending. The STR market reflects that scale: approximately 31,131 active listings, comprising 27,301 entire-place units (87.7% of supply), 3,434 private rooms, and 396 shared rooms.
In April 2026, the market posted a $282 average daily rate and 60.8% occupancy, generating $171.67 in RevPAR. Average monthly revenue per active listing was $4,881. Year-over-year, occupancy was up 0.8%, ADR gained 1.6%, and revenue grew 4.2%. By bedroom count, 1-bedroom listings dominate at 18,152 units, followed by 2-bedrooms (6,913), 3-bedrooms (3,058), 4-bedrooms (1,635), and 5-bedrooms (1,228). Platform distribution shows 18,560 Airbnb-only listings, 1,877 VRBO-only, and 10,694 on both channels. The market’s rental demand score of 76.0 and total market score of 55.1 reflect the competitive, high-volume nature of this market.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 62% | $223 | $3,757 |
| Feb | 71% | $236 | $4,185 |
| Mar | 71% | $254 | $4,931 |
| Apr | 58% | $227 | $3,836 |
| May | 60% | $214 | $3,474 |
| Jun | 58% | $197 | $3,090 |
| Jul | 62% | $196 | $3,253 |
| Aug | 56% | $176 | $2,840 |
| Sep | 53% | $170 | $2,496 |
| Oct | 57% | $177 | $2,761 |
| Nov | 58% | $181 | $2,784 |
| Dec | 64% | $241 | $3,905 |
Top Short-Term Rental Operators in Homestead
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Wehost | 505 | 6,443 | ★ 4.30 |
| 2 | Nomada Residences | 363 | 9,346 | ★ 4.75 |
| 3 | Miami Vacation Rentals | 353 | 19,593 | ★ 4.75 |
| 4 | Roami | 345 | 9,005 | ★ 4.59 |
| 5 | Stay Sol | 224 | 1,837 | ★ 4.19 |
What Kind of STR Should I Buy in Homestead?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 18,152 |
| 2 bed | 6,913 |
| 3 bed | 3,058 |
| 4 bed | 1,635 |
| 5 bed | 1,228 |
ADR by Property Tier
| Entire Home | $302 |
| Luxury | $599 |
| Professionally Managed | $356 |
Revenue by Dwelling Type
| Apartment | $4,705 |
| Entire Place | $5,241 |
| House | $5,401 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 59.6% |
| vrbo | 6% |
| both | 34.4% |
Investment Analysis
Miami-Dade’s STR economics are among the strongest for absolute revenue in Florida. At the all-listings April 2026 average of $4,881/month, annualized gross revenue approaches $58,576. Against a typical home value of $436,634, that implies a gross yield near 13.4%, well above the national STR average. Houses specifically averaged $5,401/month and entire-place properties $5,242/month.
ADR segmentation shows exceptional spread at the premium end: the luxury tier averaged $599/night versus $282 for the all-listings average, more than double. Professionally managed properties averaged $356/night, a 26% premium over the market average. Entire-home ADR of $302 runs above the all-listings figure, consistent with the dominance of entire-place listings.
The revenue growth trend is positive. Revenue reached $4,152/month annual average in 2025 and the 2026 partial-year readings ($5,397/month average across January-April 2026) reflect the strong winter-spring peak season. The 2022 annual average of $4,028/month was the prior peak before a 2023 dip to $3,823, with recovery through 2024 at $4,222 and continued growth into 2025-2026. The revenue-growth market score of 53.8 is moderate, reflecting the maturity of this market rather than a growth-stage trajectory.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Miami-Dade STR guests book an average of 36.2 days in advance, with an average length of stay of 4.08 nights. The 36-day lead time is shorter than many leisure markets, reflecting a mix of spontaneous weekend Miami visitors alongside planned international travelers booking further out. For operators, this window still supports dynamic pricing adjustments 4-5 weeks ahead.
The 4.1-night average stay is above a typical weekend trip, indicating that many guests combine leisure with cultural events, business, or extended-stay purposes. Miami’s positioning as a destination for week-long international visits from Latin America and Europe pulls the average up. Operators can profitably enforce 3-4 night minimums during peak season without meaningfully reducing booking volume, particularly during high-demand event weekends like Art Basel in December and Formula One in May.
Short-Term Rental Regulations
Miami-Dade is one of the most complex STR regulatory environments in the United States, with rules varying by municipality. Operators must satisfy multiple layers of permitting regardless of location.
At the state level, a Florida DBPR Vacation Rental License is required for all rentals under 6 months (approximately $220 first year). Miami-Dade County (unincorporated areas) adds a Certificate of Use ($254.70 combined application and inspection fee) and a Business Tax Receipt, renewed annually. Occupancy in unincorporated Miami-Dade is capped at 2 persons per bedroom plus 2 additional, maximum 12. In Estate and Low Density Residential zones, the responsible party must reside at the property more than 6 months per calendar year.
In the City of Miami, STRs are restricted to Miami 21 transect zones that allow lodging use (primarily T5, T6, and commercial zones); single-family homes in low-density residential zones cannot legally operate short-term. Miami Beach is the most restrictive: STRs are banned in single-family residential districts and most multi-family zones, permitted only in the Entertainment District, North Beach Town Center, and specific high-density residential and condo-hotel zones.
The occupancy tax rate is 12%, applied in addition to other applicable state and local taxes. Total combined permit costs have been estimated at approximately $420/year for a compliant operator. Enforcement severity is classified as strict. Investors must identify the specific municipality and zoning district of a target property before assuming STR eligibility.
Market Comparison
Against U.S. STR benchmarks (approximately 55% median occupancy, approximately $220 median ADR), Miami-Dade’s April 2026 reading of 60.8% occupancy and $282 ADR both exceed national medians, with RevPAR of $171.67 substantially above a typical market. The 2025 annual average occupancy of 61.7% confirms consistently above-median utilization.
On the operator side, this is a professionally managed market at scale. Wehost leads with 505 listings and a 4.30 average rating (6,443 reviews). Nomada Residences follows with 363 listings and a 4.75 rating (9,346 reviews). Miami Vacation Rentals holds 353 listings at a 4.75 rating (19,593 reviews), the highest review count in the top tier. Roami has 345 listings at a 4.59 rating (9,005 reviews). The top five operators combined manage roughly 1,790 listings, about 5.8% of total supply, in a market where professional management is a competitive expectation rather than a differentiator at the top end.
Frequently Asked Questions About Homestead, Florida
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