Homewood 82 Exceptional
Homewood Livability #5 ranked city in Alabama#1,056 ranked city in the USARanks better than 96% of areas

Pros and Cons of Living in Homewood

PROS
  • Commute

    A high commute score suggests convenient, easy access to public transportation, with shorter-than-average work commute times to work.

  • Crime

    The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.

  • Employment

    This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.

  • Housing

    High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.

  • Schools

    The schools category boasts a high score thanks to factors like excellent test scores, impressive graduation rates and the convenient placement of elementary and high schools in this area.

CONS
  • Cost Of Living

    The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.

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What's it like Living in Homewood?

Homewood is a medium-sized city located in the state of Alabama. The city has a population of 25,170 residents. Homewood has a population density of 3,046 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 83% of Homewood residents are White, 11% Black and 2% Asian. Homewood tends to attract a younger crowd, as the median age of 31 is far below the national average. Single men and women might be happy to hear that in Homewood, only 50% of the population is married. Not a fan of sitting in traffic during your commute to work? Homewood offers shorter work commutes, with an average one-way commute time taking only 17 minutes, far lower than the national average of 26 minutes.

Are you trying to decide if living in Homewood is the right fit for your lifestyle? To ensure a great experience before moving to any new city in Alabama, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. The best areas in Homewood and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, commute, health & safety, education, you will see a detailed breakdown of the most important information as well as comparisons to the Alabama and national averages.

Using data and statistics Homewood has received a livability score of 76/100. This score is ranked in the 90th percentile when compared to all other cities. This is a terrific score, as Homewood ranks well in multiple categories! Homewood is also ranked in the top 10 percentile of all cities across the USA. If we dig a little deeper into each category within the livability score, we see that Homewood has higher than average scores for the following: employment (A+) and housing (A+). Homewood does not do well for the following: cost of living (F). It might be a smart idea to take a closer look at each category to find out why.

Crime rates play a pivotal role in the decision-making process for anyone considering a move, as they directly influence the overall sense of safety, security and quality of life in a given location. Homewood shines in this regard, earning exemplary ratings for its exceptionally low violent crime rates, standing at 74 crimes per 100,000 residents. These rates are notably below the national average, underscoring the community's commitment to safety and contributing to an enhanced quality of life.

The Homewood unemployment rate of 1.91% has continued to decrease over the years and is now well below the national average. The result could lead to reduced poverty and inequality in the area, higher wages and increased economic growth. This is a positive sign in the overall health of the local economy.

Standardized school test scores offer a valuable benchmark for assessing the quality of educational programs, instructional methods, and curriculum effectiveness. Recognizing that Homewood schools excel in test scores is a crucial consideration when determining the suitability of this area for residence. The local schools boast an impressive average test score of 71%, significantly higher than the national average. This stellar academic performance not only attests to the excellence of the educational system but also underscores the area's commitment to providing a high-quality education, making Homewood an appealing choice for those prioritizing their children's educational prospects.

Finding affordable real estate and housing in Homewood can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Homewood real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Homewood. Median real estate prices in Homewood come in at $379,800, which is 195.6% higher than the Alabama average. The home price to income ratio compares the median home prices to the median household income. In Homewood, the home price to income ratio is 4.5, which is 55.2% higher than the Alabama average.

Best Places to Live in and Around Homewood

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Compare Homewood, AL Livability

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      Homewood transportation information

      Statistic Homewood Alabama National
      Average one way commute17min25min26min
      Workers who drive to work81.2%85.7%76.4%
      Workers who carpool8.1%8.8%9.3%
      Workers who take public transit0.3%0.4%5.1%
      Workers who bicycle0.3%0.1%0.6%
      Workers who walk3.5%1.1%2.8%
      Working from home6.3%2.9%4.6%
      Source: The Homewood, AL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).