According to statistics, the population in Homewood, AL amounts to 25,678, which shows decline 0% compared to the previous year. The median age of the city’s residents is 32. The average household income is $71,494, shifting growth 7% from the past year, and the average property value in Homewood, AL growth 7% to $319,300 throughout the year.
|Number Of Employees||14,052|
|Median Property Value||$319,300|
The average household income in Homewood, AL grew from $66,573 to $71,494 in the past year. This data is an estimate based upon 9,957 households in Homewood, AL . The chart below presents how household income is distributed in Homewood, AL in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Homewood, AL shifted from $299,100 to $319,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Homewood, AL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Homewood, AL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Homewood, AL compared to median property taxes around the country. The prevalent amount of property taxes in Homewood, AL equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|1 bed for sale||$69,000||N/A|
|2 bed for sale||$329,865||+22.8%|
|3 bed for sale||$475,296||-5.9%|
|4+ bed for sale||$882,071||+13%|
During Jul 2022, the average price for an apartment in/near Homewood, AL decreased by 9.5% to $524,227.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $69,000 with no changes this month. Asking price for 2-bed apartment also increased by 22.8% and a place of this size will now cost you $329,865. A 3-bed apartment goes for $475,296, it decreased by 5.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 13% and made it up to $882,071.
|Listing Type||Jul||vs Last Month|
|Condos for sale||$197,740||-19.7%|
|Houses for sale||$573,695||-7.2%|
Price reports demonstrate that house price decreased by 7.2% this month making it up to $573,695. Condos faced an upward trend these days. The median price for a condo decreased by 19.7%, it’s now available for $197,740.