Home prices
Homewood's median home value is $347,800. This is about $54,060 (18%) higher compared to nearby areas.Compared to the entire nation it is approximately $130,300 (59%) higher, and it is roughly $256,700 (281%) higher compared to the city of Birmingham.
Rents
The median monthly rent in Homewood is $1,112. Compared to its nearby areas this is is very similar.Compared to the rest of the country it is roughly $50 (4%) higher, and it is approximately $275 (32%) higher in comparison to the city of Birmingham.
Nearby places
Vestavia Hills
Vestavia Hills is Homewood's neighbor to the east. The real estate prices there are a bit more expensive. The cost of the median home in Vestavia Hills is $376,200, which works out to $28,400 (7%) higher than Homewood. Its rents are a little more expensive. Vestavia Hills's median rent is $1,218 a month, which is $106 (8%) higher than Homewood.
Mountain Brook
Mountain Brook is Homewood's neighbor to the northeast. Its real estate prices are significantly more expensive. The median home in Mountain Brook costs $628,800, which is $281,000 (44%) higher than Homewood. Rents there are somewhat more expensive. Mountain Brook's median monthly rent is $1,561, which comes out to $449 (28%) higher than Homewood.
Hoover
Hoover is Homewood's neighbor to the south. Real estate prices there are somewhat less expensive. The median home cost in Hoover is $291,000, which comes out to $56,800 (19%) lower than Homewood. Rent there is similar. Hoover's median rent is $1,123 a month, which is very similar to Homewood.
Fairfield
Fairfield is about 5 miles west from Homewood. The real estate prices there are a lot less expensive. The median home in Fairfield costs $99,100, which comes out to $248,700 (250%) lower than Homewood. Its rents are substantially less expensive. In Fairfield the median monthly rent is $754, which comes out to $358 (47%) lower than Homewood.
Midfield
Midfield is approximately 5 miles west from Homewood. Its real estate prices are substantially less expensive. The median home in Midfield is valued at $73,600, which comes out to $274,200 (372%) lower than Homewood. The rent there is a little less expensive. Midfield's median rent is $911 a month, which works out to $201 (22%) lower than Homewood.
