What is the rental vacancy rate in Homewood, AL?
The rental vacancy rate in Homewood, AL is 4.5% (±2.8 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 0.6% (±0.6 points).
1,052 (±301) homes, 9.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Homewood, the rental vacancy rate went from 17.9% in 2015–2019 to 4.5% in 2020–2024 (−13.4 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 4.5% (±2.8 points)
- Homeowner vacancy rate
- 0.6% (±0.6 points)
- Vacant homes
- 1,052 (±301)
Vacancy in Homewood against Jefferson County, its state and the nation
| Homewood | Jefferson County | Alabama | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 4.5% (±2.8 points) | 7.0% (±0.7 points) | 7.2% (±0.3 points) | 5.5% |
| Homeowner vacancy rate | 0.6% (±0.6 points) | 1.2% (±0.2 points) | 1.1% (±0.1 points) | 0.9% |
| Vacant housing units | 1,052 (±301) | 40,906 (±1,783) | 340,018 (±6,268) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Homewood, the rental vacancy rate is not measurably different from Jefferson County (7.0%).
It is not measurably different from Alabama (7.2%).
It is not measurably different from the national figure (5.5%).
Rental vacancy rate in places near Homewood
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Homewood | — | 4.5% (±2.8 points) | — |
| Vestavia Hills | 4.1 mi | 7.3% (±3.9 points) | Not measurably different |
| Birmingham | 4.8 mi | 7.1% (±1.0 points) | Not measurably different |
| Mountain Brook | 4.9 mi | 22.4% (±17.9 points) | Not measurably different |
| Hoover | 5.8 mi | 4.1% (±1.4 points) | Not measurably different |
| Fairfield | 6.4 mi | 12.9% (±6.0 points) | Higher |
| Midfield | 6.5 mi | 7.1% (±7.9 points) | Not measurably different |
| Lipscomb | 7.1 mi | 0.0% (±13.0 points) | Not measurably different |
| Brook Highland | 7.3 mi | 2.1% (±2.6 points) | Not measurably different |
Nearby places with a measurably higher figure: Fairfield, AL (12.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Jefferson County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 12 (tie) | Leeds | 7.1% (±5.6 points) |
| 12 (tie) | Midfield | 7.1% (±7.9 points) |
| 15 | Mulga | 6.7% (±11.0 points) |
| 16 | Irondale | 6.4% (±6.3 points) |
| 17 | Forestdale | 5.6% (±5.5 points) |
| 18 | Gardendale | 4.8% (±6.7 points) |
| 19 | Homewood | 4.5% (±2.8 points) |
| 20 | Hoover | 4.1% (±1.4 points) |
| 21 | Bessemer | 4.0% (±2.3 points) |
| 22 | Pleasant Grove | 3.2% (±5.0 points) |
| 23 | Graysville | 1.1% (±1.8 points) |
| 24 (tie) | Adamsville | 0.0% (±10.0 points) |
| 24 (tie) | Brookside | 0.0% (±19.6 points) |
Showing 13 of 39 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
Is it hard to find a rental in Homewood?
The rental vacancy rate in Homewood, AL is 4.5% (±2.8 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Homewood tighter than it was?
In Homewood, the rental vacancy rate went from 17.9% in 2015–2019 to 4.5% in 2020–2024 (−13.4 percentage points), a measurable decrease.
How many homes are vacant in Homewood?
An estimated 1,052 (±301) housing units, 9.7% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Homewood city, Alabama
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Homewood city, Alabama
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 DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
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
- Housing in Homewood at a glance
- Median rent in Homewood
- Rent by bedrooms in Homewood
- Rent burden in Homewood
- 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
- 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 rental vacancy rate
- Housing data for every place in Alabama