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.


Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom13.40%
Two Bedrooms37.40%
Three Bedrooms35.20%
Four Bedrooms9.60%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1955
Median Value of occupied units$160,700
Median Price asked for vacant units$157,700

Rented Homes, Apartments and Condos

Average Household Size1.85
Median year structure was built1971
Median Monthly Rent asked for vacant units$470

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage7.80%
Home Equity Loan12.20%
Simple Mortgage50.20%
Debt Free29.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%