Rental market snapshot for Homewood, Illinois

Homewood, Illinois Rental Property Market Overview

Homewood, Illinois is a village located in Cook County, just south of Chicago. According to the US Census, the population of Homewood in 2021 is 19,001. The village is known for its small-town charm and is home to a variety of restaurants, shops, and parks. Homewood is also home to several schools, including Homewood-Flossmoor High School, which is ranked among the top high schools in the state.

The average rent for an apartment in Homewood is $2,437. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Homewood Illinois | Cost of Living

  • The most expensive ZIP code in Homewood is 60430 with an average price of $2,157.
  • The cheapest ZIP code in Homewood is 60430 with an average price of $2,157.

Homewood ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
160430$2,157

Live near Homewood, Illinois's Top Sights and Attractions

Willowview Park is a beautiful outdoor destination located in a suburban area. It features a large lake with a walking path, a playground, picnic areas, and plenty of open green space for visitors to explore. The park also has a variety of trees and shrubs, providing a peaceful and natural atmosphere. Visitors can also enjoy fishing, canoeing, and kayaking on the lake. In addition, the park has a variety of activities for children, including a splash pad, a carousel, and a mini-golf course.

Apollo Park is a popular outdoor destination located in the suburbs of Illinois. It features a large lake with a beach, a playground, picnic areas, and a walking path. The lake is stocked with fish, making it a great spot for fishing. There are also several sports fields and courts, including basketball, tennis, and volleyball. The park also has a concession stand and a pavilion for special events.

Homewood Estates Park is a beautiful outdoor space located in a suburban area. It features a large pond with a fountain, a gazebo, and plenty of open grassy areas for picnicking and playing. There are also several walking trails, a playground, and a basketball court. The park is well-maintained and provides a peaceful and relaxing atmosphere for visitors.

Lions Park And Pool is a popular outdoor attraction located in a suburban area. It features a large pool with a diving board and a shallow area for children, as well as a playground and picnic area. There are also several sports fields, including baseball, softball, and soccer, as well as a walking path and a pond. The park is well-maintained and provides a great place for families to spend time together.

Patriots Park is a sprawling outdoor recreation area located in a suburban area. It features a variety of amenities, including a large lake, walking trails, a playground, picnic areas, and a disc golf course. The park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movie screenings. The park is a popular destination for families, friends, and outdoor enthusiasts alike.

Millennium Park is a sprawling outdoor public space located in the heart of a bustling urban area. It features a variety of attractions, including a large reflecting pool, a music pavilion, an ice skating rink, an outdoor theater, a sculpture garden, and a variety of walking and biking paths. The park also hosts a variety of events throughout the year, such as concerts, festivals, and other special events.

Dolphin Lake Park is a beautiful outdoor area located in the suburbs of Illinois. It features a large lake surrounded by lush green grass and trees, providing a tranquil and peaceful atmosphere. Visitors can take a leisurely stroll along the lake's edge, or take a boat out on the water for a relaxing day of fishing. There are also plenty of picnic tables and benches scattered throughout the park, making it a great spot for a family outing or a romantic date. The park also has a playground, tennis courts, and a basketball court, making it a great place to spend the day with friends and family.

Butterfield Park is a picturesque outdoor space located in a suburban area. It features a large pond, walking trails, a playground, and a variety of sports fields. The park also has a pavilion, picnic tables, and benches for visitors to relax and enjoy the scenery. The park is well-maintained and provides a peaceful atmosphere for visitors to enjoy.

Homewood Science Center is a unique attraction located in the suburbs of Illinois. It features a variety of interactive exhibits and activities that explore the wonders of science. Visitors can explore the interactive exhibits, which include a planetarium, a science lab, and a butterfly garden. The center also offers educational programs, workshops, and special events. The center is a great place for families and individuals to learn about science in a fun and engaging way.

Veterans Of Foreign Wars Little League Park is a popular attraction in Homewood, Illinois. It is a large park with a variety of amenities, including a baseball diamond, a playground, a picnic area, and a walking path. The park also features a memorial to veterans of foreign wars, with a flagpole and a plaque honoring those who served. The park is a great place for families to spend time together, as it offers plenty of activities for all ages.

Homewood, Illinois area median rent change by ZIP code map

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How does Homewood compare to other cities in Illinois?

citymedian price
Lake Forest$5,544
Melrose Park$2,400
Lake in the Hills$2,325
South Holland$2,145
Lisle$1,903
Minooka$1,825
Willowbrook$1,625
Champaign$1,150
Moline$1,130

Average household income in Homewood area graph - US Census

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The median household income in Homewood in 2021 was $81,940. This represents a 17.3% change from 2011 when the median was $69,835.

#categorypercent
0Less than $10,0004.3%
1$10,000 to $14,9992.4%
2$15,000 to $19,9994.2%
3$20,000 to $24,9995.0%
4$25,000 to $29,9993.1%
5$30,000 to $34,9993.7%
6$35,000 to $39,9994.1%
7$40,000 to $44,9992.5%
8$45,000 to $49,9992.5%
9$50,000 to $59,9997.8%
10$60,000 to $74,9998.7%
11$75,000 to $99,99921.4%
12$100,000 to $124,99910.7%
13$125,000 to $149,9996.6%
14$150,000 to $199,9998.3%
15$200,000 or more4.7%

Neighborhoods in Homewood

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Homewood is $2,437.
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