Homewood 78 Exceptional
Homewood Livability #117 ranked city in Illinois#2,208 ranked city in the USARanks better than 92% 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.

  • 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.

CONS
  • Amenities

    A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.

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What's it like Living in Homewood?

Homewood is a mid-sized city located in the state of Illinois. The city has a population of 18,656 people. In Homewood, there are 3,577 people per square mile, which is well above the national population density average. Individuals of White (48%) and Black or African American (46%) backgrounds make up a significant portion of the population of the city. When traveling to work, spending unnecessary time in your vehicle is not ideal and downright frustrating. Across all of America, the average one way commute time is 26 minutes, unfortunately, living in Homewood offers up a higher than average one way commute time of 33 minutes.

Without the right tools, relocating to any new town can be very stressful and challenging. Living in Homewood, Illinois could be a great experience for anyone who puts in the effort to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like amenities, employment, housing, you can easily compare the best places to live in Homewood and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Homewood to Illinois and the national average.

Homewood, IL receives 78 out of 100 for its livability score; this results in a ranking of #102 in Illinois and #1,890 in the USA. This is a great score, as Homewood ranks well in multiple categories! Another exciting tidbit, is that Homewood ranks better than 90% of all US cities! For each of the livability categories, we see that Homewood ranks very well for crime (C+), cost of living (B), employment (A+) and housing (A-). On a less positive note, Homewood does not have favorable grades for the following: amenities (F). If we take a look at the data, we can 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 188 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.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Homewood has an unemployment rate of 2.42% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

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.

Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Homewood is real estate affordability. The median home price for Homewood homes is $164,500, which is 5.9% lower than the Illinois average. If we take a closer look at the affordability of homes in Homewood, we’ll see that the home price to income ratio is 2.1, which is 30% lower than the Illinois average.

Best Places to Live in and Around Homewood

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How Do You Rate The Livability In Homewood?

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Compare Homewood, IL Livability

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      Homewood transportation information

      Statistic Homewood Illinois National
      Average one way commute33min29min26min
      Workers who drive to work70.4%73.4%76.4%
      Workers who carpool9.0%8.3%9.3%
      Workers who take public transit12.5%9.2%5.1%
      Workers who bicycle0.4%0.6%0.6%
      Workers who walk1.5%3.1%2.8%
      Working from home5.2%4.4%4.6%
      Source: The Homewood, IL data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).