Homewood, Alabama is a moderately-sized city with a population of 25,652 people. Homewood has a population density of 3,076 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 81% of Homewood residents are White, 14% Black and 2% Asian. If you are a young adult or student, you might be pleased to know that the average age of all Homewood residents is 30. 74% of the people in Homewood (over the age of 15) are married and 47% have kids under the age of eighteen. Knowing that, it’s safe to say that this area could be a great place for other families to lay down roots.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Homewood could be a positive experience compared to other cities in Alabama if you know where to search. With useful information like amenities, crime, cost of living, weather, education and other key data points, finding the best places to live in Homewood and in the areas around Homewood is a much easier task.
Homewood, AL receives 82/100 for its livability score; this results in a ranking of #8 in Alabama and #1,115 in the USA. Pack your bags! This is a very high score in comparison to other US cities. Living in Homewood could be a great choice! Homewood has also earned the rare honor of ranking in the top 10 percentile among all cities. If we consider each of the categories on their own, we see that Homewood ranks well for amenities (A+), weather (B-), education (A+), employment (B-) and housing (B-). The bad news for Homewood, there are some categories for which it does not score well, this includes: crime (D) and cost of living (D-).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Homewood on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Homewood: Prime Time Treasures, Christopher Glenn, Inc., and Three Sheets: A Linen Shop.
School test scores can be an important metric in deciding if the local area schools can provide a solid educational system for children. The schools in Homewood have a test score average of 68%, which is well above the US average.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Homewood has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
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 $299,100, which is 132.8% 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. Real estate appreciation rates in Homewood are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Homewood homes comes in at 5.7%, and the 5 year appreciation rates were 6.9%.