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Homewood, Alabama

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
27,829
Population
$94,485
Median Income
$558,500
Home Value
29.0
Median Age

Demographics

Homewood has a population of 27,829 with a median age of 29.0. Here is the racial and ethnic breakdown of the population:

White
73.8%
Black
16.5%
Hispanic
6.0%
Asian
2.4%
Other
1.3%
Demographic Value
Total Population27,829
Median Age29.0
White73.8%
Black or African American16.5%
Asian2.4%
Hispanic or Latino6.0%
Other / Two or More Races1.3%
Homewood, Alabama — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 73.8%Black: 16.5%Hispanic/Latino: 6.0%Asian: 2.4%Other: 1.3%27,829PopulationWhiteWhite73.8%BlackBlack16.5%Hispanic/LatinoHispanic/Latino6.0%AsianAsian2.4%OtherOther1.3%

Income & Economy

The median household income in Homewood is $94,485, which is 17.2% above the national median of $80,610. The per capita income is $53,746. The poverty rate is 8.9%.

$94,485
Median Household Income
$53,746
Per Capita Income
8.9%
Poverty Rate

Employment

The unemployment rate in Homewood is 2.3%, compared to the national rate of 4.1%.

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Education

In Homewood, 96.1% of residents age 25+ have a high school diploma or higher, and 70.9% hold a bachelor's degree or higher (33.1% with a graduate or professional degree).

HS Diploma+
96.1%
Bachelor's+
70.9%
Graduate+
33.1%
Education Level % of Adults (25+)
High School Diploma or Higher96.1%
Bachelor's Degree or Higher70.9%
Graduate or Professional Degree33.1%

Housing

The median home value in Homewood is $558,500, above the national median of $303,400. The median monthly rent is $1,463. The homeownership rate is 61.7%.

$558,500
Median Home Value
$1,463/mo
Median Rent
61.7%
Homeownership Rate
Housing Metric Value
Median Home Value$558,500
Median Monthly Rent$1,463
Homeownership Rate61.7%
Vacancy Rate9.7%

Salaries in Alabama

Explore salary data for popular occupations in Alabama:

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Other Cities in Alabama

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Frequently Asked Questions

What is the population of Homewood, Alabama?
The population of Homewood, Alabama is 27,829 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Homewood, Alabama?
The median household income in Homewood, Alabama is $94,485. This is 17.2% above the national median of $80,610.
What is the median home value in Homewood, Alabama?
The median home value in Homewood, Alabama is $558,500. The median monthly rent is $1,463.
What percentage of people in Homewood have a college degree?
In Homewood, Alabama, 70.9% of adults age 25 and older hold a bachelor's degree or higher, and 96.1% have a high school diploma or higher.
Is Homewood, Alabama an affordable place to live?
The home price-to-income ratio in Homewood, Alabama is 5.9x (median home value $558,500 vs. median income $94,485), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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