Housing in Homewood
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Homewood, Alabama
The housing market in Homewood is competitive, characterized by a median property value of $558,500 in 2024, which saw an 11.2% increase from 2023. The median price per square foot for homes is approximately $307. For renters, the average rent in Homewood was $1,400 in June 2026, with a 1-bedroom apartment averaging $1,194 per month and a 2-bedroom apartment averaging $1,434 per month. The homeownership rate in Homewood is 61.7%, slightly lower than the national average, indicating a significant rental market alongside strong homeownership.
Housing
About Homewood, Alabama
Homewood, Alabama, is a vibrant and desirable city located just south of downtown Birmingham, known for its tree-lined streets, strong community feel, and excellent quality of life. The city's character is often described as a blend of historic charm and modern amenities, attracting a diverse population including young professionals and families. Its strategic location offers residents convenient access to major employment centers, top-tier healthcare facilities, and a thriving cultural scene in the greater Birmingham metropolitan area. Many people are drawn to Homewood for its highly-regarded public school system and its emphasis on local businesses and community engagement.
About Alabama
Alabama, located in the southeastern United States, is characterized by its Southern charm, rich history, and diverse natural beauty, ranging from the Appalachian foothills to Gulf Coast beaches. The state's economy has diversified beyond its agricultural roots, with major industries now including automotive manufacturing, aerospace, healthcare, banking, and steel production. Living in Alabama generally offers a low cost of living, particularly for housing, which is significantly below the national average. The climate is humid subtropical, featuring hot, humid summers and mild winters with ample sunshine for much of the year, supporting an outdoor-oriented lifestyle.