The median home in Homewood, Alabama is valued at $532,631, up 3.8% year over year. Typical monthly rent is $1,788, producing a price-to-rent ratio of 24.8x — well above the national average of 18x. Homewood is part of the Birmingham-Hoover, AL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Birmingham-Hoover, AL stress score, crash risk, and 12-month forecast →

Home Value$532,631

+3.8%

Rent$1,788/mo

AFFORDABILITY

Enter your income for Homewood.

Income (annual)

Down Payment

$106,526 on $532,631

Out of reach — 49.2% of income

Need $131,786/yr to afford.

PITI$3,075

P/I49.2%

Afford$303K

Gap-$230K

P&I $2,693Tax $182Ins $200

Renting $1,287/mo cheaper ($1,788 rent)6.50% 30yr, 20% down, county tax + AL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Alabama

Compare Homewood with other housing markets across Alabama.

Mountain Brook$985K Orange Beach$665K Equality$637K Jacksons Gap$591K Indian Springs Village$569K Vestavia Hills$539K Dadeville$508K Crane Hill$498K

Full Birmingham-Hoover, AL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Birmingham-Hoover, AL metro.

View Birmingham-Hoover, AL metro →

HOMEWOOD, AL