Homewood, AL
Population 27,697 · Alabama
About Homewood, AL
Homewood is a mid-sized city located in Alabama with a population of 27,697 residents according to the latest US Census Bureau American Community Survey data. The median household income is $108,386 per year, which is 44% above the national median of $75,149. The median age of 29.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Homewood features a median home value of $502,300, which is 105% above the national median of $244,900. This places Homewood in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,457, 25% above the national average of $1,163/month. Of the 10,744 total housing units, 64% are owner-occupied (6,162 units) and 36% are renter-occupied (3,407 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Homewood shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homewood have an average one-way commute time of 17.3 minutes, one of the shorter commutes in the region.
Education & Demographics
69.9% of Homewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.6% White, 1.0% Hispanic or Latino, 0.4% Black or African American, and 2.5% Asian residents, with 7.5% of the population being foreign-born.
Climate & Weather
Homewood experiences an annual average temperature of 64.3°F with 50.55" of precipitation per year. The moderate climate offers a balance of seasonal variety without extremes. Summer highs average around 90°F (July–August), while winter lows dip to approximately 41°F (December–January).
How Homewood Ranks in Alabama
Cost of Living in Homewood, AL
Compared to national averages, Homewood has a median household income of $108,386 (44% above the national median of $75,149). Home values average $502,300, which is 105% above the national median. Monthly rent at $1,457 is 25% above the US average of $1,163. Within Alabama, Homewood's income is 87% above the state average of $57,952, and home values are 215% above the state median of $159,358.
Why Live in Homewood, AL?
Homewood offers a strong local economy with a median household income of $108,386, well above the national average, and a strong job market with an unemployment rate of just 2.1%, and a well-educated community where 69.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 17.3 minutes.
Potential considerations include a competitive housing market where the typical home costs $502,300. However, Homewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Homewood has a population of 27,697 with a median age of 29.4 years. Compare Homewood with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Homewood
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Athens | 27,474 | $65,000 | $253,700 | Compare |
| Daphne | 28,673 | $86,479 | $309,700 | Compare |
| Enterprise | 28,990 | $68,306 | $198,500 | Compare |
| Trussville | 26,182 | $120,794 | $351,500 | Compare |
| Bessemer | 25,655 | $37,844 | $129,800 | Compare |
| Pelham | 24,510 | $91,904 | $278,900 | Compare |
| Northport | 30,991 | $77,781 | $258,800 | Compare |
| Opelika | 31,944 | $58,763 | $213,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Climate & Weather in Homewood
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 58 | 65 | 67 | 71 | 81 | 88 | 90 | 91 | 86 | 74 | 65 | 58 |
| Low °F | 42 | 47 | 47 | 52 | 61 | 68 | 71 | 72 | 66 | 55 | 46 | 40 |
| Rain " | 6.0 | 6.2 | 4.9 | 5.2 | 3.9 | 5.3 | 5.2 | 6.1 | 1.1 | 0.7 | 3.1 | 2.7 |
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Homewood With Other Cities
Frequently Asked Questions about Homewood
What is the population of Homewood, AL?
The population of Homewood, AL is 27,697 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Alabama.
What is the median household income in Homewood?
The median household income in Homewood, AL is $108,386 per year, which is 44% above the national median of $75,149.
What is the median home value in Homewood?
The median home value in Homewood, AL is $502,300, which is 105% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Homewood?
The median monthly rent in Homewood, AL is $1,457, which is 25% above the national average of $1,163/month.
What is the unemployment rate in Homewood?
The unemployment rate in Homewood, AL is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Homewood, AL a good place to live?
Homewood offers above-average incomes, a competitive housing market, and a strong job market. With a population of 27,697 and a median age of 29.4, the city appeals to young professionals and families.
How educated is Homewood, AL?
69.9% of residents in Homewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Homewood?
Key cost-of-living indicators for Homewood, AL: median home value is $502,300 (105% above national), median rent is $1,457/month, and median household income is $108,386. The home-value-to-income ratio is 4.6x, a moderate figure by national standards.
What is the poverty rate in Homewood?
The poverty rate in Homewood, AL is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Homewood, AL?
Homewood's population is 4.6% White, 1.0% Hispanic or Latino, 0.4% Black or African American, 2.5% Asian, and 13.1% two or more races. 7.5% of residents are foreign-born.