Based on the case study of transfer of rural homestead land use right in X village and X market from Jianghan Plain,this paper tries to explore the happening mechanism of property profit from transfer of rural homestead land use right and its influencing factors.The result shows that the existence of invisible market of rural homestead land use right can not become the evidence to support the free transfer of rural homestead land use right.Only very few homestead land users with advantage in geography can get benefits from such transfer,while most farmers will have no chances to get property profits from rural homestead land use.