All Countries
Homewood, IL
Full City Profile · Illinois · Lake County County
3.8
/5.0
B+
Good
19,471
Population
3,730/sq mi density
$96,522
Median Income
$39,955 per capita
$210,500
Home Value
$239,978 Zillow
$1,422
Median Rent
32.1% income on rent
53°F
Avg Temperature
275 sunny days/yr
186
Violent Crime/100K
4,280 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$96,522 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$210,500 home value, $1,422/mo rent
F
Safety
1.0 / 5.0
186 violent crimes/100K
A+
Education
4.7 / 5.0
46.1% bachelor's degree or higher
Housing Overview
Median Home Value
$210,500
25% below
US avg: $281,900
Median Rent
$1,422/mo
22% above
US avg: $1,163/mo
Homeownership Rate
79.4%
21% above US avg (65.4%)
Total Housing Units
7,496
Median year built: 1962
Home Value by Source
Census Median
$210,500
Zillow (ZHVI)
$239,978
Median Sale Price
$219,575
Median List Price
$244,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.4%
Owner-Occupied
20.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,422/mo
Market Indicators (Redfin)
Median Days on Market
83 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
18
Price Drops
26.3%
of listings with price reduction
Price Per Sq Ft
$144
Active Inventory
95
homes for sale
Affordability & Housing Stock
Rent Burden
32.1%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
79.4%
Complete Housing Data
Home Values
| Census Median Value | $210,500 |
| Zillow Home Value (ZHVI) | $239,978 |
| Median Sale Price | $219,575 |
| Median List Price | $244,900 |
| Price Per Sq Ft | $144 |
Rent
| Census Median Rent | $1,422 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 83 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 26.3% |
| Homes Sold | 18 |
| Active Inventory | 95 |
| Price Per Sq Ft | $144 |
Ownership & Stock
| Owner-Occupied | 79.4% |
| Renter-Occupied | 20.6% |
| Homeownership Rate | 79.4% |
| Total Housing Units | 7,496 |
| Median Year Built | 1962 |
| Rent Burden | 32.1% |