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Homewood, AL

Full City Profile · Alabama · Jefferson County County

3.8 /5.0
B+ Good
27,697 Population 3,353/sq mi density
$108,386 Median Income $51,880 per capita
$502,300 Home Value $541,889 Zillow
$1,457 Median Rent 30.7% income on rent
64°F Avg Temperature 304 sunny days/yr
259 Violent Crime/100K 3,992 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$108,386 median income, 1.4% unemployment
A
Affordability
4.1 / 5.0
$502,300 home value, $1,457/mo rent
F
Safety
1.0 / 5.0
259 violent crimes/100K
A+
Education
5.0 / 5.0
69.9% bachelor's degree or higher

Housing Overview

Median Home Value
$502,300
78% above
US avg: $281,900
Median Rent
$1,457/mo
25% above
US avg: $1,163/mo
Homeownership Rate
64.4%
2% below US avg (65.4%)
Total Housing Units
10,945
Median year built: 1970

Home Value by Source

Census Median
$502,300
Zillow (ZHVI)
$541,889
Median Sale Price
$492,000
Median List Price
$525,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

64.4%
Owner-Occupied
35.6%
Renter-Occupied
64%
36%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$716/mo
1 Bedroom
$772/mo
2 Bedroom
$936/mo
3 Bedroom
$1,206/mo
4 Bedroom
$1,381/mo
Census median rent: $1,457/mo · Zillow rent: $1,478/mo

Market Indicators (Redfin)

Median Days on Market
34 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
24
Price Drops
18.5%
of listings with price reduction
Price Per Sq Ft
$288
Active Inventory
65
homes for sale

Affordability & Housing Stock

Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
64.4%

Complete Housing Data

Home Values

Census Median Value$502,300
Zillow Home Value (ZHVI)$541,889
Median Sale Price$492,000
Median List Price$525,000
Price Per Sq Ft$288

Rent

Census Median Rent$1,457
Zillow Rent (ZORI)$1,478
FMR Studio$716
FMR 1-Bedroom$772
FMR 2-Bedroom$936
FMR 3-Bedroom$1,206
FMR 4-Bedroom$1,381

Market

Days on Market34
Sale-to-List Ratio1.0%
Price Drops18.5%
Homes Sold24
Active Inventory65
Price Per Sq Ft$288

Ownership & Stock

Owner-Occupied64.4%
Renter-Occupied35.6%
Homeownership Rate64.4%
Total Housing Units10,945
Median Year Built1970
Rent Burden30.7%