Why Live in Homestead
Homestead in Edmond, Oklahoma, is a neighborhood with a rich history dating back to the late 1800s Land Run. Located less than 4 miles from downtown Edmond, it features large Traditional-style homes built between the ‘90s and 2010s, with prices ranging from $360,000 to $425,000. A notable section, Meritage Park, offers a maintenance-free living experience with homes starting at $425,000. The neighborhood falls within the highly rated Edmond Public Schools district, with Frontier Elementary, Cheyenne Middle, and North High all receiving high marks. North High School is particularly notable for its recent renovations and extensive extracurricular offerings. Homestead is less than 2 miles from Mitch Park, which features playgrounds, walking trails, and a YMCA. The nearby intersection of West Danforth Road and North Santa Fe Avenue provides various shopping and dining options, including Walmart, Kohl’s, and local favorites like Mocha House and Mio Italian Kitchen. Citylink Edmond’s Route 1 bus line offers convenient access to downtown Edmond, while downtown Oklahoma City is just under 15 miles away. The neighborhood is known for its low crime risk, making it safer than the national average.
Frequently Asked Questions
Is Homestead a good place to live?
Homestead is a good place to live. Homestead is considered very car-dependent and somewhat bikeable. Homestead is a suburban neighborhood. Homestead has 7 parks for recreational activities. It is fairly sparse in population with 3.2 people per acre and a median age of 39. The average household income is $170,656 which is above the national average. College graduates make up 62.4% of residents. A majority of residents in Homestead are home owners, with 2.9% of residents renting and 97.1% of residents owning their home. A
local real estate agent serving Homestead can help you decide if this neighborhood is the right one for you. Learn more on our
Homestead neighborhood guide.
How much do you need to make to afford a house in Homestead?
The median home price in Homestead is $620,447. If you put a 20% down payment of $124,100 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,220 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $138K a year to afford the median home price in Homestead. The average household income in Homestead is $171K.
What are the best public schools in Homestead?
The best public schools that serve Homestead are:
- North High School has an A Niche grade, a student teacher ratio of 22:1 and an average review score of 3.8.
- Cheyenne Middle School has an A Niche grade, a student teacher ratio of 17:1 and an average review score of 2.8.
- Frontier Elementary has an A Niche grade and a student teacher ratio of 18:1.
What are the most popular zip codes in Homestead, Edmond, OK?
What are the most popular neighborhoods near Homestead, Edmond, OK?
Are home prices dropping in Homestead?
Yes, home prices in Homestead are down 26% in the last 12 months.
Home Trends in Homestead, OK
On average, homes in Homestead, Edmond sell after 136 days on the market compared to the national average of 70 days. The median sale price for homes in Homestead, Edmond over the last 12 months is $520,000, down 41% from the median home sale price over the previous 12 months.
Median Sale Price
$520,000
Median Single Family Sale Price
$654,950
Median 1 Bedroom Sale Price
$158,900
Average Price Per Sq Ft
$340
Number of Homes for Sale
4
Last 12 months Home Sales
9
Median List Price
$620,447
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-41%