A look at the demographics of the city of Homestead will give you a sense of its population. The city has a very large African American population, and many immigrants come to Homestead to start their businesses and raise families. The population of Homestead is estimated to be around 35,000. The area's major east-west streets include SW 304th Street, SW 312th Street, SW 320th St, and SW 328th St. In addition, there are major east-west streets such as SW & SW 8th Street, and SW 137th Avenue.
In 2000, the population of Homestead was made up of both males and females. The median age of the population was twenty-seven years old, and thirty-seven percent of the city's population was under 18 years old. The most common racial and ethnic groups are Black, White, and Hispanic. Homestead has a diverse and eclectic population, which means that the city's economy is diverse and it is highly competitive.
The town's economic growth is a direct result of the development of the Florida East Coast Railroad. The railroad company built a massive water plant in 1905, and train-loads of water left for the southern half of the state each day. The construction of the extension initially required a small labor force, but by February 1906, four thousand men were working. This meant that Homestead experienced an explosion in growth.