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Homewood, IL

Homewood is a town in Illinois with approximately 19,000 residents. At an average age of just under 41, the city's population is slightly older than other municipalities in Illinois, which has an average age of 38. Only 22% of residents rent in Homewood, as home ownership is common in the area. With an average rent of $1,278/month, exceeding the state average by $226 a month, relatively high rent costs may play a role in the higher levels of ownership.

Compared to the national average (7%), Homewood has a high concentration of residents older than 25 who have advanced degrees, as 12% have earned a Master's or a Doctoral degree. In addition, 19% have earned a Bachelor's degree, which also outpaces the national average. There are two primary industries in Homewood: education and healthcare. Combined, these industries account for 16% of the city's labor force. Meanwhile, in terms of job function, many workers in these industries are in sales, as 9% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of just over $83K, Homewood workers earn around $6,000 more than their peers elsewhere in the state. The city's average income also compares favorably to the national average ($73,345).

Averaging about 34 minutes, Homewood's commute time is longer than the state average of about 32 minutes. Driving a car or truck is the typical mode of getting to work, opted for by 38% of workers, while public transit is used by only 7% of the city. Not many commuters walk to work.

Average Rent in Homewood

Studio1 Bed2 Bed3 Bed
Jan 20$1,050$1,275
Dec 191,0501,275
Aug 191,0501,275
Jul 191,0601,275
Jun 191,0501,275
May 191,0501,275
Apr 191,0501,250
Mar 191,0501,250
Feb 191,050
*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Frequently Asked Questions About Homewood

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Information is copyrighted and school data provided by GreatSchools.org. Information is deemed reliable but not guaranteed. Schools listed above are based on distance from the selected location and are just a sampling of the schools in the area. To find a particular school district, and how it relates to a specific apartment, please contact the apartment manager.

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