Homewood, AL — Momentum Score, Home Values & Best-For

All states·Alabama·Homewood

Jefferson County · Birmingham-Hoover · population 27,919

Homewood, AL
Image: Wikipedia · Homewood, Alabama
OverviewCost of livingMoving guide
View watchlist →
73
Rising
Momentum score · 0–100

Where Homewood stands

At or near all-time high. home values up 4.6% in the last year.

Median home $566,121
1-year +4.6%
5-yr CAGR +4.1%
vs 5-yr peak +0.0%
Population +1.4%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$566k$299k$395k$492k$589k201620182020202220242026

Lifestyle scores

🚶
Walkability
32/100
Very car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
15/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
75/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,596/mo$1,415$1,553$1,69220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent10810110020242026

Rent vs buy

Price-to-rent ratio: 29.6
Rent

At a 29.6 price-to-rent ratio, renting beats buying in Homewood for most shorter holds. The premium you pay to own would take many years of rent savings to recoup, and that's before maintenance, taxes, and opportunity cost on the down payment.

How the momentum score breaks down

methodology →
Home YoY
73 · w22%
Home 5-yr CAGR
60 · w22%
Distance from peak
90 · w18%
Population growth
71 · w16%
Rent YoY
77 · w12%
Home 10-yr CAGR
67 · w10%
Long thesis

Homewood has held up across the cycle: home values at $566,121 with +4.1% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Homewood's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Homewood

Homewood is a city in Jefferson County, Alabama, with an estimated population of 27,919. It anchors the Birmingham-Hoover metro area. The population grew 1.4% annually from 2020 to 2024, a moderate gain. The median home value in Homewood is $566,121 as of 2026-04, up 4.6% over the last 12 months. Over the last five years, home values have averaged +4.1% annual growth, with prices at or near the 5-year peak. Rents in Homewood average $1,596 per month, up 4.8% year-over-year. The composite momentum score is 73 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Quiet strength: +4.6% over the trailing year — not a melt-up, but the market is bid.
●Net positive migration: population up 1.4% per year — demand fundamentals are intact.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Homewood (Wikipedia)

Homewood is a city in southeastern Jefferson County, Alabama, United States. Part of the Birmingham metropolitan area, it is located on the other side of Red Mountain, due south of the city center. The population was 26,414 at the 2020 census.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Jefferson County right now.

NWS active alerts (AL)Alabama Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Jefferson County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Homewood

Alabaster, AL70 · RisingTrussville, AL66 · RisingClanton, AL67 · RisingPelham, AL69 · Rising

Run the numbers for Homewood

ToolCan I afford Homewood?Income → city shortlistToolROI on a Homewood rentalCap rate, cash-on-cash, DSCRToolCompare Homewood to anywhereSide-by-side up to 3 citiesToolHomewood cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
56° / 36°
avg high / low
Summer (Jul)
91° / 71°
avg high / low
Sunny days/yr
215
~59% of year
Annual precip
58″ rain
1″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Moderate
Tornado
Very high
Wildfire
Low
Earthquake
Very low
Flood
High

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Homewood listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Birmingham-Hoover area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
73%
Humid climate
Median household income
$56,900
Alabama state median
Top industries (state-level)
ManufacturingHealthcareRetail

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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