It is an important part of deepening rural reform to explore rural households’ voluntary and compensated withdrawal from rural homestead, and farmers’ risk perception and risk attitude towards homestead withdrawal are important factors affecting their willingness to withdraw. Based on a field survey data of rural households in the suburban area of Tangshan City, Hebei Province and applying the risk society theory, this paper analyzed the willingness, risk perception and risk attitude of rural households to withdraw from their homesteads and explored the influence of rural households’ risk perceptions and risk attitudes on their willingness to withdraw by the multivariate ordered Logistics regression model and the hierarchical regression model. Results show that the sample farmers’ willingness to withdraw from the homestead is generally weak, only 11.50% of farmers are willing to withdraw from the homestead with compensation. From the perspective of risk perception, the overall perception of farmers on the risk of homestead withdrawal is relatively high, and 66.37% of the sample farmers evaluate homestead withdrawal as medium and high risk, among which the perception of policy fulfillment risk is the highest, followed by security risk and economic risk. While the perception of interpersonal emotion risk is the lowest. Risk perception generates a significant inhibitory effect on farmers’ willingness to withdraw from homestead, among which security risk perception has the most significant impact, followed by psychological risk perception, and economic risk perception has the weakest impact. As for risk attitude, 13.72% of the sample farmers are risk preference type, and risk attitude can alleviate the inhibitory effect of risk perception on farmers’ withdrawal willingness to a certain extent. The heterogeneity analysis demonstrates that risk preference has the most significant contribution to the withdraw willingness of middle-income farmers and farmers in the middle and far suburbs. Therefore, this paper puts forward some countermeasures and suggestions, including developing diversified compensation schemes with the core of satisfying farmers’ housing security and social security needs, establishing a risk prevention mechanism with the key of ensuring the implementation of compensation funds, and improving farmers’ risk resistance capacities with the focus on increasing non-agricultural employment opportunities and non-agricultural income.