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.