USA.com / Illinois / Cook County / Homewood, IL / Housing

Homewood, IL Housing

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As of 2010-2014, median price of a house in Homewood is $167,300, which is lower than the state average of $175,700 and is lower than the national average of $175,700. The Homewood median house value has grown by 21.85% since 2000. The growth rate for the price of a house in Homewood is lower than the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Homewood was built is 1962, which is older than the median year for a house built in the state which is 1967 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 5,854 Owner Occupied Houses in Homewood, IL, #261

Homewood, IL	167,300 USD
Illinois	175,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #999

Homewood, IL	21.85%
Illinois	34.33%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Homewood, IL	Illinois	U.S.
Total Housing Units	7,824, see rank, 100%	5,299,433	132,741,033
Occupied Housing Units	7,267, 92.88%, see rank	90.17%	87.55%
Owner Occupied	5,854, 74.82%, see rank	60.28%	56.34%
Renter Occupied	1,413, 18.06%, see rank	29.89%	31.21%
Vacant Housing Units	557, 7.12%, see rank	9.83%	12.45%
For Rent	24, 0.31%, see rank	2.18%	2.34%
For Sale Only	171, 2.19%, see rank	1.36%	1.20%
Rented or Sold, Not Occupied	30, 0.38%, see rank	0.87%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	0.95%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	332, 4.24%, see rank	4.46%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #661

Homewood, IL	Illinois	U.S.
1962	1967	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Homewood, IL	%	Illinois	U.S.
Owner-Occupied Units	5,854	100%	3,194,707	74,787,460
With a Mortgage	4,322	73.83%, see rank	67.18%	65.58%
Without a Mortgage	1,532	26.17%, see rank	32.82%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Homewood, IL	1,723 USD
Illinois	1,676 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Homewood, IL	%	Illinois	U.S.
$299 or Less	14	0.32%, see rank	0.14%	0.20%
$300 to $499	44	1.02%, see rank	1.21%	1.59%
$500 to $699	30	0.69%, see rank	4.05%	5.01%
$700 to $999	222	5.14%, see rank	11.52%	14.32%
$1,000 to $1,499	1,206	27.90%, see rank	24.62%	27.90%
$1,500 to $1,999	1,466	33.92%, see rank	22.62%	20.35%
$2,000 to $2,999	1,131	26.17%, see rank	24.08%	19.52%
$3,000 or More	209	4.84%, see rank	11.76%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Homewood, IL	24.40% of the Total Income
Illinois	24.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Homewood, IL	%	Illinois	U.S.
10% or Less	264	6.11%, see rank	5.20%	5.86%
10% to 20%	1,126	26.05%, see rank	31.00%	31.95%
20% to 30%	1,316	30.45%, see rank	27.90%	27.64%
30% to 40%	559	12.93%, see rank	14.28%	13.74%
40% or More	1,028	23.79%, see rank	21.15%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Homewood, IL	636 USD
Illinois	572 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Homewood, IL	%	Illinois	U.S.
$199 or Less	48	3.13%, see rank	4.12%	7.76%
$200 to $299	60	3.92%, see rank	8.95%	14.70%
$300 to $499	276	18.02%, see rank	27.30%	34.63%
$500 to $699	529	34.53%, see rank	25.34%	21.16%
$700 or More	619	40.40%, see rank	34.29%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Homewood, IL	13.70% of the Total Income
Illinois	13.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Homewood, IL	%	Illinois	U.S.
10% or Less	519	33.88%, see rank	34.64%	40.19%
10% to 20%	559	36.49%, see rank	34.00%	31.47%
20% to 30%	161	10.51%, see rank	13.55%	12.24%
30% to 40%	111	7.25%, see rank	6.36%	5.64%
40% or More	175	11.42%, see rank	10.25%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Homewood, IL	Illinois	U.S.
Total Housing Units	7,824, 100%	5,299,433	132,741,033
1-unit, Detached	5,899, 75.40%, see rank	58.58%	61.65%
1-unit, Attached	180, 2.30%, see rank	5.85%	5.82%
2 Units	127, 1.62%, see rank	5.71%	3.75%
3 or 4 Units	351, 4.49%, see rank	6.80%	4.43%
5 to 9 Units	286, 3.66%, see rank	6.22%	4.78%
10 or More Units	932, 11.91%, see rank	14.23%	13.08%
Mobile Home, Boat, RV, Van, etc.	49, 0.63%, see rank	2.61%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Homewood, IL	Illinois	U.S.
Total Housing Units	7,824, 100%	5,299,433	132,741,033
1 Room	62, 0.79%, see rank	2.20%	1.95%
2 Rooms	56, 0.72%, see rank	2.22%	2.48%
3 Rooms	293, 3.74%, see rank	8.27%	9.13%
4 Rooms	902, 11.53%, see rank	16.08%	16.60%
5 Rooms	1,332, 17.02%, see rank	20.31%	20.41%
6 Rooms	1,423, 18.19%, see rank	18.17%	18.06%
7 Rooms	1,462, 18.69%, see rank	12.12%	12.27%
8 Rooms	1,426, 18.23%, see rank	8.93%	8.48%
9 Rooms or More	868, 11.09%, see rank	11.70%	10.60%
Median Rooms	6.40, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Homewood, IL	Illinois	U.S.
Total Housing Units	7,824, 100%	5,299,433	132,741,033
No Bedroom	73, 0.93%, see rank	2.50%	2.17%
1 Bedroom	467, 5.97%, see rank	11.67%	11.16%
2 Bedrooms	2,141, 27.36%, see rank	29.01%	26.69%
3 Bedrooms	2,493, 31.86%, see rank	36.76%	39.70%
4 Bedrooms	2,359, 30.15%, see rank	15.97%	16.05%
5 or More Bedrooms	291, 3.72%, see rank	4.10%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Homewood, IL	Illinois	U.S.
Total Housing Units	7,267, 100%	4,778,633	116,211,092
Utility Gas	5,992, 82.45%, see rank	79.46%	48.85%
Bottled, Tank, or LP Gas	8, 0.11%, see rank	4.08%	4.86%
Electricity	1,248, 17.17%, see rank	14.82%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.20%	5.86%
Coal or Coke	0, 0.00%, see rank	0.02%	0.12%
Wood	0, 0.00%, see rank	0.50%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	8, 0.11%, see rank	0.45%	0.47%
No Fuel Used	11, 0.15%, see rank	0.46%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Homewood, IL	Illinois	U.S.
Occupied Units Paying Rent	1,375, 100%	1,513,617	39,201,928
$199 or Less	0, 0.00%, see rank	1.84%	1.50%
$200 to $299	8, 0.58%, see rank	3.23%	3.18%
$300 to $499	37, 2.69%, see rank	7.28%	7.37%
$500 to $699	11, 0.80%, see rank	15.00%	16.01%
$700 to $999	448, 32.58%, see rank	33.11%	29.17%
$1,000 to $1,499	571, 41.53%, see rank	26.04%	26.88%
$1,500 to $1,999	224, 16.29%, see rank	8.81%	9.79%
$2,000 or More	76, 5.53%, see rank	4.70%	6.10%
Median	$1,119, see rank	$903	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Homewood, IL	Illinois	U.S.
Occupied Housing Units	7,267, 100%	4,778,633	116,211,092
No Vehicles Available	401, 5.52%, see rank	10.79%	9.12%
1 Vehicles Available	2,819, 38.79%, see rank	35.14%	33.80%
2 Vehicles Available	2,937, 40.42%, see rank	36.99%	37.48%
3 or More Vehicles Available	1,110, 15.27%, see rank	17.09%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.