An explanatory survey was conducted to assess preference and consumption pattern of horticultural species, their sources, location-wise planting preferences and diversity of these species in the rural homestead forest of the offshore island of Bangladesh. Assessment was done through multistage random sampling. Based on homestead size respondents were categorized into small (<0.05 ha), medium (0.05-0.25 ha) and large (>0.25 ha) and twenty from each category were selected randomly for the study. The study revealed that most of the farmer (75.5%) preferred to plant fruit tree species for future plantation followed by timber species (62.2%). But fruit-bearing plants were being gradually replaced by some exotic timber species such as Swietenia mahagoni, Acacia auriculiformis, Tectona grandis, Eucalyptus spp., etc. Diversity and abundance of fruit species was found higher in almost all homestead. A total of 41 horticultural species were identified and seven horticultural species among them were recognized as the most preferred ones in the study area. Consumption pattern was chiefly to meet the nutritional demand and to gain a quick monetary benefit. Average annual income from horticultural species was 7,183.33 Taka (US$102).