Homewood, AL
Population 27,697 · Alabama
About Homewood, AL
Homewood is a mid-sized city in Alabama with a population of 27,697 residents. The median household income is $108,386 per year, which is above the national average. The median age in Homewood is 29.4 years.
Housing in Homewood has a median home value of $502,300 and median monthly rent of $1,457. Of the 10,744 total housing units, the majority are owner-occupied, with 6,162 owner-occupied and 3,407 renter-occupied units.
The unemployment rate in Homewood is 2.1% and the poverty rate is 8.1%. 69.9% of residents hold a bachelor's degree or higher. The average commute time is 17.3 minutes.
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
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Homewood
What is the population of Homewood, AL?
The population of Homewood, AL is 27,697 according to the latest Census data.
What is the median household income in Homewood?
The median household income in Homewood, AL is $108,386 per year.
What is the median home value in Homewood?
The median home value in Homewood, AL is $502,300.
What is the average rent in Homewood?
The median monthly rent in Homewood, AL is $1,457.
What is the unemployment rate in Homewood?
The unemployment rate in Homewood, AL is 2.1%.