Expensive
Affordable
Affordable
Colorblind friendly
off
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 $219,979, lower than the Illinois average of $300,242.
The average cost of rent is $1,703/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. In Homewood, 16.25% of households rent, and 38.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $7,964 per month. Households that rent pay about 21.38% of their income on rent here. Homewood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Hazel Crest, IL: less expensive homes
- Flossmoor, IL: higher priced homes
- Hazel Crest, IL: less expensive 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: less expensive homes
- Santa Fe Springs, CA: higher priced homes
- Santa Rosa Beach, FL: higher priced homes
- Saugerties, NY: higher priced homes
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