Homewood, AL housing market
Typical home value
$569K
▲ 6.6% 1 yr
Typical rent
$1,384/mo
▲ 4.0% 1 yr
Gross rent yield
2.9%
U.S. 6.3%
5-year home value change
+22%
U.S. +20%
Key takeaways
- 1The typical home in Homewood is worth $568,543, up 6.6% over the past year and up 22% over five years.
- 2Typical rent is $1,384 a month (+4.0% YoY), a gross rent yield of 2.9% (below the Birmingham, AL metro's 6.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,124/mo, $1,740 more than typical rent.
- 4Zillow forecasts the Birmingham, AL metro's home values to change +1.3% over the next 12 months.
Market temperature (Birmingham, AL metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 46/100, #193 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Homewood compares
| Measure | Homewood | Birmingham, AL metro | United States |
|---|---|---|---|
| Typical home value | $568,543 | $260,710 | $366,157 |
| Home value, 1-yr change | +6.6% | +2.4% | +1.2% |
| Typical rent | $1,384 | $1,404 | $1,932 |
| Rent, 1-yr change | +4.0% | +2.9% | +2.7% |
| Gross rent yield | 2.9% | 6.5% | 6.3% |
| Price-to-rent ratio | 34.2 | 15.5 | 15.8 |
| Mortgage P&I, typical home | $3,124 | $1,433 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Homewood rental, pre-filled.
Rent vs buy in Homewood
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $569K home.
Other cities in the Birmingham, AL metro
Birmingham, AL
$134K home$1,305 rent
▼ 2.4% 1 yr
Hoover, AL
$437K home$1,319 rent
▲ 2.9% 1 yr
Bessemer, AL
$132K home$1,349 rent
▲ 0.9% 1 yr
Vestavia Hills, AL
$564K home$1,953 rent
▲ 4.1% 1 yr
Alabaster, AL
$305K home$1,881 rent
▲ 2.9% 1 yr
Calera, AL
$255K home$1,642 rent
▲ 1.0% 1 yr
Center Point, AL
$155K home$1,269 rent
▲ 3.2% 1 yr
Chelsea, AL
$384K home$2,135 rent
▲ 1.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.