Homewood

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Homewood, IL Area Guide

Avg Rent

$1,277

Population

19,099

Renter Mix

21% Rent

Delight in this Chicago suburb’s small-town feel

Suburban Commuter Convenient Family-Friendly Diverse Affordable Close-Knit Welcoming Walkable

Situated in Cook County, Homewood is a vibrant suburb located about 22 miles southwest of Chicago. Homewood contains a close-knit community brought together by a broad range of events, including the Downtown Art and Garden Street Fair, Fall Fest, and weekly farmers markets.

National retailers in strip malls and independent stores in the walkable downtown area provide a variety of shopping opportunities in Homewood. Enjoying the outdoors is a staple of Homewood life, with plenty of parks, gardens, golf courses, and country clubs in town. Convenient access to I-294, I-80, Amtrak, and the Metra makes getting around from Homewood simple.

Demographics

Median Household Income

$78,567

Average: $94,431

Education

6,652

Residents Have a Degree

Job Market

9,433

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

43 Years

Largest Age Group

15-24 Years

Approximately 14% of Residents

Under 20

24%

Over 65

21%

Housing Distribution

Homewood has more homeowners than renters.

Renters
21%
Non-Renters
79%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
29%
Other Education
71%

Rent Trends

As of April 2026, the average apartment rent in Homewood, IL is $1,014 for a studio, $1,276 for one bedroom, $1,469 for two bedrooms, and $1,673 for three bedrooms. Apartment rent in Homewood has decreased by -1.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,276/month
741 Sq Ft
House
$2,457/month
1,254 Sq Ft
See Rental Market Trends in Homewood, IL

Getting Around

Moderately Walkable

Walkability

60 / 100

Some Public Transit

Transit

40 / 100

Exceptionally Drivable

Drivability

100 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Winston Churchill School

Public

Grades K-5

602 Students

Willow School

Public

Grades PK-5

607 Students

Millennium School

Public

Grades 5-6

459 Students

James Hart School

Public

Grades 6-8

711 Students

Points of Interest

Parks and Recreation

  • Wampum Lake Woods
  • Thorton-Lansing Road Nature Preserve
  • Jurgensen Woods North Nature Preserve
  • Sauk Trail Woods Forest Preserve
  • Central Park Wetlands

Airports

  • Chicago Midway International
  • Chicago O'Hare International

Top Apartments in Homewood

Houses for Rent in Homewood

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.