Homewood North renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Homewood North is about $738 per month. This puts it in the 3rd percentile compared to the city average cost of rent, which is $1,004. Households in Homewood North have a median income of $2,982 per month so the average renter in Homewood North is spending roughly 25% of their earnings on housing.
Nationally, and in Homewood North, home values are the data point most closely correlated with the cost of rent. The median price of a home in Homewood North is $78,417 right now, which is lower than nearby neighborhoods, meaning that rents in Homewood North also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Homewood North while lower rent rates are often available in eastern areas.
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