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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 $1,073,781, higher than the California average of $812,006.
The average cost of rent is $1,752/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. In Homewood, 21.93% of households rent, and 36.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $10,402 per month. Households that rent pay about 16.84% of their income on rent here. Homewood’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tahoma, CA: less expensive homes
- Tahoe City, CA: less expensive homes
- Olympic Valley, CA: higher priced homes
- Carnelian Bay, CA: less expensive homes
- Glenbrook, NV: higher priced homes
- Tahoe Vista, CA: equally priced homes
- Kings Beach, CA: less expensive homes
- Bowman, CA: higher priced homes
- Crystal Bay, NV: higher priced homes
- Zephyr Cove, NV: higher priced homes
Cities with Similar Populations
- Elmore, MN: less expensive homes
- Southside, WV: less expensive homes
- South Vacherie, LA: less expensive homes
- Slocum, TX: less expensive homes
- Sisterdale, TX: less expensive homes
- Silverdale, KS: less expensive homes
- Rivergrove, OR: less expensive homes
- Randlett, OK: less expensive homes
- Montrose, MO: less expensive homes
- Mongaup Valley, NY: less expensive homes
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