Home prices
The median home value in Homewood is $163,100. In comparison to its surrounding areas it is about $23,460 (16%) higher.It is approximately $54,400 (25%) lower compared to the United States as a whole, and compared to the city of Chicago it is approximately $94,900 (36%) lower.
Rents
The median rent in Homewood is $1,156 per month. Compared to its surrounding areas it is about $295 (20%) lower.In comparison to the country as a whole it is approximately $94 (8%) higher, and it is roughly $44 (3%) higher compared to the city of Chicago.
Nearby places
East Hazel Crest
East Hazel Crest is Homewood's neighbor to the northeast. The real estate prices there are a lot less expensive. The median home in East Hazel Crest costs $113,400, which is $49,700 (43%) lower than Homewood. Its rents are a bit less expensive. East Hazel Crest's median monthly rent is $1,096, which comes out to $60 (5%) lower than Homewood.
Hazel Crest
Hazel Crest is Homewood's neighbor to the northwest. The real estate prices there are significantly less expensive. The median home in Hazel Crest costs $113,200, which comes out to $49,900 (44%) lower than Homewood. Its rents are a bit more expensive. Hazel Crest's median rent is $1,589 per month, which is $433 (27%) higher than Homewood.
Flossmoor
Flossmoor is Homewood's neighbor to the southwest. Its housing prices are a little more expensive. The median home in Flossmoor costs $239,500, which works out to $76,400 (31%) higher than Homewood. Its rents are significantly more expensive. Flossmoor's median monthly rent is $2,021, which is $865 (42%) higher than Homewood.
Thornton
Thornton is Homewood's neighbor to the northeast. Real estate prices there are significantly less expensive. The median home in Thornton costs $106,100, which works out to $57,000 (53%) lower than Homewood. Rent there is somewhat less expensive. The median monthly rent in Thornton is $964, which works out to $192 (19%) lower than Homewood.
Glenwood
Glenwood is Homewood's neighbor to the southeast. Housing prices there are a bit less expensive. Glenwood's median home cost is $126,000, which is $37,100 (29%) lower than Homewood. The rent there is somewhat more expensive. Glenwood's median rent is $1,586 per month, which comes out to $430 (27%) higher than Homewood.
