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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 $137,408, lower than the Pennsylvania average of $288,156.
The average cost of rent is $899/mo in Homewood, primarily driven by the current value of real estate in the Homewood area. In Homewood, 18.30% of households rent, and 53.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homewood is $5,247 per month. Households that rent pay about 17.13% of their income on rent here. Homewood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Koppel, PA: less expensive homes
- Big Beaver, PA: higher priced homes
- West Mayfield, PA: equally priced homes
- Eastvale, PA: higher priced homes
- Ellwood City, PA: higher priced homes
- Beaver Falls, PA: higher priced homes
- Ellport, PA: higher priced homes
- New Beaver, PA: equally priced homes
- New Brighton, PA: equally priced homes
- Patterson Heights, PA: higher priced homes
Cities with Similar Populations
- Spring Valley, VA: higher priced homes
- Hatchel, TX: less expensive homes
- South Elm, TX: higher priced homes
- South Elma, WA: higher priced homes
- South Gardiner, ME: higher priced homes
- South Lubec, ME: higher priced homes
- Spade, TX: equally priced homes
- Speaks, TX: higher priced homes
- Spencertown, NY: higher priced homes
- Hatch, UT: higher priced homes
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