Living in Homewood, Alabama
Cost of living, income, home prices, rent and demographics of Homewood · Census data 2020–2024
Homewood has 27,829 residents with a median age of 29. The median household income is $94,485 (48% higher than the Alabama median), the median home value is $558,500, the median rent is $1,463/month.
Homewood at a glance
- Population
- 27,829
- Median age
- 29State: 39.3
- Median household income
- $94,485State: $63,999
- Median home value
- $558,500State: $209,900
- Median rent
- $1,463/moState: $1,007
- Homeowners
- 61.7%
- Bachelor's degree or higher
- 70.9%
- Average commute
- 17 min
Is Homewood a good place to live?
Pros: Median household income 48% higher than the Alabama median; an average commute of 17 minutes; unemployment of 2.3%; a poverty rate of 8.9%.
Cons: Home values 166% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Homewood
Housing is the biggest part of the cost of living. In Homewood the median home value is $558,500, 68% higher than the U.S. median. Renters pay a median of $1,463 per month, which is 31.6% of household income. Homeowners with a mortgage pay $2,457 a month in housing costs.
Homewood median household income
The median household income in Homewood is $94,485 and the income per person is $53,746. 8.9% of residents live below the poverty line (Alabama: 15.6%).
Housing in Homewood: homes for sale and rent
- Housing units
- 10,882
- Owner-occupied
- 61.7%
- Renter-occupied
- 38.3%
- Vacant
- 9.7%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.53
Homewood demographics
- Population
- 27,829
- Median age
- 29
- Under 18
- 25.3%
- 65 and older
- 11%
- Households
- 9,830
- Foreign-born
- 7.8%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Homewood ›
Education in Homewood
70.9% of adults 25 and older in Homewood have a bachelor's degree or higher (Alabama: 28.4%), and 33.1% have a graduate or professional degree.
Jobs and commute in Homewood
- Unemployment rate
- 2.3%State: 4.7%
- Average commute
- 17 minState: 26 min
- Work from home
- 14.4%
- Drive alone
- 73.9%
- Public transit
- 0.2%
- Walk to work
- 3%
- Homes with broadband
- 91.9%
Homewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Homewood | 27,829 | $94,485 | $558,500 | $1,463 |
| Vestavia Hills | 38,616 | $134,369 | $530,000 | $1,515 |
| Birmingham | 198,173 | $46,051 | $158,800 | $1,107 |
| Mountain Brook | 22,029 | $201,479 | $916,300 | $1,456 |
| Hoover | 92,642 | $109,253 | $412,200 | $1,457 |
| Fairfield | 9,728 | $48,456 | $129,300 | $1,008 |
| Midfield | 5,045 | $52,755 | $107,600 | $1,244 |
| Lipscomb | 2,214 | $41,875 | $90,400 | $1,044 |
| Brook Highland | 8,146 | $79,904 | $427,400 | $1,460 |
More for people moving to Homewood
Homewood ZIP code ›Weather and climate ›Living in Homewood: FAQ
What is the median household income in Homewood, AL?
The median household income in Homewood is $94,485, 48% higher than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Homewood?
The median home value in Homewood is $558,500, compared with $209,900 in Alabama.
How much is rent in Homewood?
The median gross rent in Homewood is $1,463 per month, about 31.6% of household income.
Is Homewood, AL a good place to live?
Pluses: median household income 48% higher than the Alabama median; an average commute of 17 minutes; unemployment of 2.3%; a poverty rate of 8.9%. Minuses: home values 166% higher than the state median.
What is the median age in Homewood?
The median age in Homewood is 29 years (Alabama: 39.3).
How long is the commute in Homewood?
The average commute to work in Homewood is 17 minutes; 14.4% of workers work from home.
What is the unemployment rate in Homewood?
The unemployment rate in Homewood is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Homewood?
70.9% of adults in Homewood have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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