Homewood, IL
Population 19,471 · Illinois
About Homewood, IL
Homewood is a mid-sized city in Illinois with a population of 19,471 residents. The median household income is $96,522 per year, which is above the national average. The median age in Homewood is 39.8 years.
Housing in Homewood has a median home value of $210,500 and median monthly rent of $1,422. Of the 7,394 total housing units, the majority are owner-occupied, with 5,593 owner-occupied and 1,449 renter-occupied units.
The unemployment rate in Homewood is 7.1% and the poverty rate is 9.4%. 46.1% of residents hold a bachelor's degree or higher. The average commute time is 31.6 minutes.
Cost of Living in Homewood, IL
Compared to national averages, Homewood has a median household income of $96,522 (28% above the national median of $75,149). Home values average $210,500, which is 14% below the national median. Monthly rent at $1,422 is 22% above the US average of $1,163. Within Illinois, Homewood's income is 29% above the state average of $75,072, and home values are 27% above the state median of $165,779.
Why Live in Homewood, IL?
Homewood offers a strong local economy with a median household income of $96,522, well above the national average, and affordable housing with a median home value of $210,500, below the US average of $244,900, and a well-educated community where 46.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.4%, better than the national average.
Homewood has a population of 19,471 with a median age of 39.8 years. Compare Homewood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Homewood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Evergreen Park | 19,498 | $95,738 | $255,700 | Compare |
| Brookfield | 19,235 | $108,429 | $314,000 | Compare |
| Lake Zurich | 19,727 | $139,959 | $418,300 | Compare |
| Lake Forest | 19,190 | $228,120 | $909,800 | Compare |
| Crest Hill | 19,754 | $71,408 | $222,600 | Compare |
| Deerfield | 19,185 | $189,705 | $608,600 | Compare |
| Harvey | 19,831 | $41,091 | $86,100 | Compare |
| Mokena | 19,906 | $129,017 | $377,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
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, IL?
The population of Homewood, IL is 19,471 according to the latest Census data.
What is the median household income in Homewood?
The median household income in Homewood, IL is $96,522 per year.
What is the median home value in Homewood?
The median home value in Homewood, IL is $210,500.
What is the average rent in Homewood?
The median monthly rent in Homewood, IL is $1,422.
What is the unemployment rate in Homewood?
The unemployment rate in Homewood, IL is 7.1%.