Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Homewood area can be challenging. Home prices in Homewood are now at a median cost of $374,741, higher than the Alabama average of $185,232.
The average cost of rent is $1,313/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. While nearly 31.54% of residents own their homes outright in Homewood, 36.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $8,789 per month. Households that rent pay about 14.94% of their income on rent here. Homewood's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Vestavia Hills, AL: higher priced homes
- Birmingham, AL: less expensive homes
- Mountain Brook, AL: higher priced homes
- Hoover, AL: less expensive homes
- Fairfield, AL: less expensive homes
- Midfield, AL: less expensive homes
- Lipscomb, AL: less expensive homes
- Meadowbrook, AL: less expensive homes
- Indian Springs Village, AL: equally priced homes
- Brighton, AL: less expensive homes
Cities with Similar Populations
- Powell, TN: less expensive homes
- Malvern, PA: higher priced homes
- Marina, CA: higher priced homes
- Mason City, IA: less expensive homes
- Menasha, WI: less expensive homes
- Middletown, NJ: higher priced homes
- Montclair, NJ: higher priced homes
- Nazareth, PA: less expensive homes
- New London, CT: less expensive homes
- Patterson, CA: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood