Homewood, PA
Population 93 · Pennsylvania
About Homewood, PA
Homewood is a small community located in Pennsylvania with a population of 93 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,667 per year, which is 18% below the national median of $75,149. The median age of 44.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Homewood features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Homewood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $927, 20% below the national average of $1,163/month. Of the 50 total housing units, 64% are owner-occupied (28 units) and 36% are renter-occupied (16 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 12.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homewood have an average one-way commute time of 21.9 minutes.
Education & Demographics
17.1% of Homewood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.2% Asian residents, with 3.2% of the population being foreign-born.
Cost of Living in Homewood, PA
Compared to national averages, Homewood has a median household income of $61,667 (18% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $927 is 20% below the US average of $1,163. Within Pennsylvania, Homewood's income is 16% below the state average of $73,376, and home values are 41% below the state median of $190,903.
Why Live in Homewood, PA?
Homewood offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $927/month, and a low poverty rate of 11.8%, better than the national average. Additionally, the city features short commute times averaging just 21.9 minutes.
Potential considerations include median household income ($61,667) that falls below the national average. However, Homewood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Homewood has a population of 93 with a median age of 44.1 years. Compare Homewood with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Homewood
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albrightsville | 93 | $0 | $0 | Compare |
| Oreminea | 93 | $63,125 | $232,100 | Compare |
| Harford | 92 | $82,500 | $0 | Compare |
| Adamsville | 95 | $68,333 | $111,400 | Compare |
| Birmingham | 91 | $70,000 | $70,000 | Compare |
| Cassandra | 95 | $55,750 | $80,000 | Compare |
| Chest Springs | 91 | $63,750 | $118,800 | Compare |
| St. Clairsville | 91 | $49,519 | $129,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Homewood, PA is 93 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Homewood?
The median household income in Homewood, PA is $61,667 per year, which is 18% below the national median of $75,149.
What is the median home value in Homewood?
The median home value in Homewood, PA is $112,500, which is 54% below 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, PA is $927, which is 20% below the national average of $1,163/month.
What is the unemployment rate in Homewood?
The unemployment rate in Homewood, PA is 12.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Homewood, PA a good place to live?
Homewood offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 93 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Homewood, PA?
17.1% of residents in Homewood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Homewood?
Key cost-of-living indicators for Homewood, PA: median home value is $112,500 (54% below national), median rent is $927/month, and median household income is $61,667. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homewood?
The poverty rate in Homewood, PA is 11.8%, 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, PA?
Homewood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.2% Asian, and 4.3% two or more races. 3.2% of residents are foreign-born.