Homestead forests contribute substantially to the rural economy of Bangladesh. Rural people depend on trees and plants for their energy usage, housing, food and other forms of subsistence livelihood. In order to identify the potential role of forests on homestead dwellers, an empirical field investigation was conducted in the four Upazilas of Mymensingh district of Bangladesh. It was found that land holdings of the respondents within the four sites are the highest in Mymensingh. The study made an important observation that among all homestead vegetation between 5-6 years old, tree species are generally preferred over plants. This is perhaps due to the efforts of the social forestry extension service to demonstrate that planting trees is an important long-term investment. In all four Upazilas, there was a significant correlation between household annual income and homestead forestry, agriculture and fisheries practice, suggesting that higher income families tend to have larger holdings of homesteads, farms and pond areas. Three Upazilas displayed a strong positive relationship (nearly 45%) between homestead forest areas and annual family income; however, the Fulbaria Upazila showed a very poor relationship (0.2%) in this regard. The results of this study suggest that homestead forests play a positive role in the rural economy, in addition to helping mitigate the increasing problem of deforestation in Bangladesh. Homestead forests contribute substantially to the rural economy of Bangladesh. Rural people depend on trees and plants for their energy usage, housing, food and other forms of subsistence livelihood. In order to identify the potential role of forests on homestead dwellers, an empirical field investigation was conducted in the four Upazilas of Mymensingh district of Bangladesh. It was found that land holdings of the respondents within the four sites are the highest in Mymensingh. The study made an important observation that among among homestead vegetation between 5-6 years old, tree This is perhaps due to the efforts of the social forestry extension service to demonstrate that planting trees is an important long-term investment. In all four Upazilas, there was a significant correlation between household annual income and homestead forestry , agriculture and fisheries practice, suggesting that higher income households tend to have larger holdings of homesteads, farms and pond areas. Three Upazilas displayed a strong positive relationship (nearly 45%) between homestead forest areas and annual family income; however, the Fulbaria Upazila showed a very poor relationship (0.2%) in this regard. this study suggest that homestead forests play a positive role in the rural economy, in addition to helping mitigate the increasing problem of deforestation in Bangladesh.