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 $164,498, lower than the Illinois average of $242,002.
The average cost of rent is $1,472/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. While nearly 37.10% of residents own their homes outright in Homewood, 21.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $6,204 per month. Households that rent pay about 23.72% of their income on rent here. Homewood's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- East Hazel Crest, IL: less expensive homes
- Flossmoor, IL: higher priced homes
- Hazel Crest, IL: equally priced homes
- Glenwood, IL: less expensive homes
- Country Club Hills, IL: less expensive homes
- Olympia Fields, IL: higher priced homes
- Thornton, IL: less expensive homes
- Chicago Heights, IL: less expensive homes
- Markham, IL: less expensive homes
- Harvey, IL: less expensive homes
Cities with Similar Populations
- Seabrook, MD: higher priced homes
- Highland, UT: higher priced homes
- Holly, MI: higher priced homes
- Hopkins, MN: higher priced homes
- Salinas, PR: less expensive homes
- San Fernando, CA: higher priced homes
- San Jose, PR: equally priced homes
- Santa Fe Springs, CA: higher priced homes
- Santa Rosa Beach, FL: higher priced homes
- Saugerties, NY: higher priced homes
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