Homewood 81 Exceptional
Homewood Livability #74 ranked city in Illinois#1,266 ranked city in the USARanks better than 95% of areas
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Pros and Cons of Living in Homewood

PROS
  • Commute Commute

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

  • Cost Of Living Cost Of Living

    The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.

  • Employment 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 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 Amenities

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

What's it like Living in Homewood?

Homewood is a medium-sized city located in the state of Illinois. The city has a population of 19,234 people. In Homewood, there are 3,688 people per square mile, which is well above the national population density average. Homewood is mostly populated by White (48%) and Black or African American (46%) ethnic groups. 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.

Living in Homewood can be a positive experience for anyone relocating to the city. Having said that, in the state of Illinois, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. With useful information like amenities, crime, cost of living, health & safety, housing and other key data points, finding the best places to live in Homewood and in the areas around Homewood is a much easier task.

Using data and statistics Homewood has received a livability score of 78 out of 100. This score is ranked in the 92nd percentile when compared to all other cities. Based on this score, Homewood would be considered a very livable city! 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+). There is at least one category that you should be aware of in Homewood. The following was graded with a concerning score: amenities (F).

Crime rates can be the deciding factor for anyone looking to relocate to a new area, as the result is often a greater level of safety and security as well as an improved quality of life. Homewood gets top scores for their low violent crime rates of 186 crimes per 100,000 residents, which are significantly lower than the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Homewood has an unemployment rate of 2.5% 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.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Homewood is actually affordable. The median home price for Homewood homes is $296,585, which is 3.9% 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 2.5, which is 28.6% lower than the Illinois average.

Best Places to Live in and Around Homewood

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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) and include 2026 modeled data developed using proprietary methodologies.