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Homewood, Illinois

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
19,294
Population
$100,139
Median Income
$221,100
Home Value
40.2
Median Age

Demographics

Homewood has a population of 19,294 with a median age of 40.2. Here is the racial and ethnic breakdown of the population:

White
45.1%
Black
43.3%
Hispanic
6.4%
Other
3.8%
Asian
1.4%
Demographic Value
Total Population19,294
Median Age40.2
White45.1%
Black or African American43.3%
Asian1.4%
Hispanic or Latino6.4%
Other / Two or More Races3.8%
Homewood, Illinois — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 45.1%Black: 43.3%Hispanic/Latino: 6.4%Other: 3.8%Other: 1.4%19,294PopulationWhiteWhite45.1%BlackBlack43.3%Hispanic/LatinoHispanic/Latino6.4%OtherOther3.8%OtherOther1.4%

Income & Economy

The median household income in Homewood is $100,139, which is 24.2% above the national median of $80,610. The per capita income is $40,339. The poverty rate is 9.4%.

$100,139
Median Household Income
$40,339
Per Capita Income
9.4%
Poverty Rate

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Education

In Homewood, 96.4% of residents age 25+ have a high school diploma or higher, and 47.4% hold a bachelor's degree or higher (21.4% with a graduate or professional degree).

HS Diploma+
96.4%
Bachelor's+
47.4%
Graduate+
21.4%
Education Level % of Adults (25+)
High School Diploma or Higher96.4%
Bachelor's Degree or Higher47.4%
Graduate or Professional Degree21.4%

Housing

The median home value in Homewood is $221,100, below the national median of $303,400. The median monthly rent is $1,333. The homeownership rate is 81.7%.

$221,100
Median Home Value
$1,333/mo
Median Rent
81.7%
Homeownership Rate
Housing Metric Value
Median Home Value$221,100
Median Monthly Rent$1,333
Homeownership Rate81.7%
Vacancy Rate5.2%

Salaries in Illinois

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Frequently Asked Questions

What is the population of Homewood, Illinois?
The population of Homewood, Illinois is 19,294 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Homewood, Illinois?
The median household income in Homewood, Illinois is $100,139. This is 24.2% above the national median of $80,610.
What is the median home value in Homewood, Illinois?
The median home value in Homewood, Illinois is $221,100. The median monthly rent is $1,333.
What percentage of people in Homewood have a college degree?
In Homewood, Illinois, 47.4% of adults age 25 and older hold a bachelor's degree or higher, and 96.4% have a high school diploma or higher.
Is Homewood, Illinois an affordable place to live?
The home price-to-income ratio in Homewood, Illinois is 2.2x (median home value $221,100 vs. median income $100,139), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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