Homewood, AL Real Estate
According to census data in the year 2000 there were 11,328 housing units in Homewood.
This represents a 5.6% growth from 10,731 in 1990.
Of those housing units, 11,328 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Homewood is about 55.3%.
Homewood's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.18 people.
The majority of houses, apartments or condos in Homewood were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.20% |
| One Bedroom | 13.40% |
| Two Bedrooms | 37.40% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $160,700 |
| Median Price asked for vacant units | $157,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $470 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 50.20% |
| Debt Free | 29.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
