What is a homestead?

A homestead is a piece of land and the dwelling on it that is occupied by a family or individual and used for residential, agricultural, or other purposes. In some cases, a homestead may also include outbuildings, such as barns or sheds, and may be legally protected from creditors or used as a tax shelter. Homesteading can also refer to the act of establishing a homestead and living a self-sufficient lifestyle.

A homestead is a piece of land, typically consisting of a house and other buildings, that is owned and occupied by a family or individual. Homesteads are often used for farming or other agricultural purposes, but they can also be used for residential or recreational purposes. Many states in the United States have homestead laws that provide certain protections for homesteads from creditors and other legal actions.