What is the median rent in Homewood, AL?
The median gross rent in Homewood, AL is $1,463 (±$94) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 3,729 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Homewood, the median gross rent went from $1,112 in 2015–2019 to $1,463 in 2020–2024 (+31.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,463 (±$94)
- Rented homes
- 3,729 (±435)
- $2,000 or more
- 25.2%
- Since 2015–2019
- +31.6%
How much rent costs in Homewood
| Monthly gross rent | Homewood | Jefferson County | Alabama | United States |
|---|---|---|---|---|
| Less than $500 | 1.9% (±1.4 points) | 7.6% | 10.0% | 6.3% |
| $500 to $999 | 10.8% (±4.7 points) | 24.8% | 39.4% | 20.2% |
| $1,000 to $1,499 | 40.6% (±6.3 points) | 41.2% | 34.1% | 28.1% |
| $1,500 to $1,999 | 21.6% (±5.5 points) | 19.2% | 11.5% | 21.1% |
| $2,000 to $2,499 | 16.5% (±6.8 points) | 5.0% | 3.4% | 12.0% |
| $2,500 to $2,999 | 2.9% (±1.8 points) | 1.0% | 0.7% | 5.5% |
| $3,000 or more | 5.8% (±2.5 points) | 1.1% | 0.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 40.6% of renting households.
25.2% of rented homes in Homewood cost $2,000 or more a month.
Homewood against Jefferson County, its state and the nation
| Homewood | Jefferson County | Alabama | United States | |
|---|---|---|---|---|
| Median gross rent | $1,463 (±$94) | $1,193 (±$18) | $1,007 (±$8) | $1,413 |
| Rented homes paying rent | 3,729 (±435) | 91,944 (±2,447) | 535,330 (±6,270) | 42,849,984 |
In Homewood, median gross rent is higher than in Jefferson County ($1,193).
It is also higher than in Alabama ($1,007).
It is not measurably different from the national figure ($1,413).
In Jefferson County, Homewood ranks 6 of 37 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 22 of 424.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Homewood has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,112 (±$50) | $1,463 (±$94) | +31.6% | No measurable change after inflation |
| Households that rent | 37.2% (±3.4 points) | 38.3% (±3.7 points) | +1.1 percentage points | Not a measurable change |
| Rental vacancy rate | 17.9% (±5.1 points) | 4.5% (±2.8 points) | −13.4 percentage points | Measurable decrease |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Homewood
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Homewood | — | $1,463 (±$94) | — |
| Vestavia Hills | 4.1 mi | $1,515 (±$130) | Not measurably different |
| Birmingham | 4.8 mi | $1,107 (±$21) | Lower |
| Mountain Brook | 4.9 mi | $1,456 (±$254) | Not measurably different |
| Hoover | 5.8 mi | $1,457 (±$39) | Not measurably different |
| Fairfield | 6.4 mi | $1,008 (±$326) | Lower |
| Midfield | 6.5 mi | $1,244 (±$84) | Lower |
| Lipscomb | 7.1 mi | $1,044 (±$204) | Lower |
| Brook Highland | 7.3 mi | $1,460 (±$86) | Not measurably different |
Nearby places with a measurably lower figure: Birmingham, AL ($1,107), Fairfield, AL ($1,008), Midfield, AL ($1,244).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Jefferson County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Clay | $2,240 (±$349) |
| 2 | McCalla | $1,777 (±$155) |
| 3 | Trussville | $1,711 (±$174) |
| 4 | Vestavia Hills | $1,515 (±$130) |
| 5 | Pinson | $1,509 (±$252) |
| 6 | Homewood | $1,463 (±$94) |
| 7 | Hoover | $1,457 (±$39) |
| 8 | Mountain Brook | $1,456 (±$254) |
| 9 | Pleasant Grove | $1,400 (±$421) |
| 10 | Adamsville | $1,347 (±$263) |
| 11 | Irondale | $1,320 (±$124) |
| 12 | Sylvan Springs | $1,313 (±$166) |
Showing 12 of 37 places in Jefferson County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Homewood
What is the average rent in Homewood, AL?
The Census Bureau publishes the median rather than the average: the median gross rent in Homewood is $1,463 (±$94) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Homewood?
In Homewood, the median gross rent went from $1,112 in 2015–2019 to $1,463 in 2020–2024 (+31.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Homewood cost more than $2,000 a month?
25.2% of rented homes in Homewood have a gross rent of $2,000 or more a month, and 1.9% cost less than $500.
Is rent in Homewood higher than in Jefferson County?
In Homewood, median gross rent is higher than in Jefferson County ($1,193).
It is also higher than in Alabama ($1,007).
It is not measurably different from the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Homewood city, Alabama
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Homewood city, Alabama
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Homewood city, Alabama
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Homewood city, Alabama (place:35800, in state:01).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Renters and owners in Homewood
- Income and affordability in Homewood
- Home values in Homewood
- Homeowner costs in Homewood
- Property taxes in Homewood
- Types of homes in Homewood
- Bedrooms in Homewood
- Age of homes in Homewood
- Vacancy rate in Homewood
- Heating fuel in Homewood
- Commute and cars in Homewood
- Crime reported to police in Homewood
- Population growth in Homewood
- How long people stay in Homewood
- Crowding and facilities in Homewood
- Fair Market Rent in Homewood
- Alabama landlord and tenant rules
- Housing across Jefferson County
- Alabama places ranked by median rent
- Housing data for every place in Alabama