homestead (n.) Look up homestead at Dictionary.com
Old English hamstede "home, town, village," from home (n.) + stead (q.v.). In U.S. usage, "a lot of land adequate for the maintenance of a family" (1690s), defined by the Homestead Act of 1862 as 160 acres. Similar formation in Dutch heemstede, Danish hjemsted.
homestead (v.) Look up homestead at Dictionary.com
1872, American English, from homestead (n.). Homesteader also is from 1872.