v. home·stead·ed, home·stead·ing, home·steads
v. intr.
To settle and farm land, especially under the Homestead Act.
v. tr.
To claim and settle (land) as a homestead.
home·stead :
A house, especially a farmhouse, with adjoining buildings and land.
Law. Property designated by a householder as the householder's home and protected by law from forced sale to meet debts.
Land claimed by a settler or squatter, especially under the Homestead Act.
The place where one's home is.