Homewood, Birmingham, AL—35212
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homewood, Birmingham, AL
As of Oct '25, the median home price in Homewood, Birmingham, AL is $116,000, with a year-over-year change of -3.8%. This indicates that home prices in Homewood, Birmingham, AL are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | -3.8% |
| Single Family | $117,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $78,000 | 2.6% |
3 Bed | $123,000 | -3.1% |
4 Bed | $205,000 | -2.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Homewood, Birmingham, AL
As of July '25, Rentcast reports the average rent in Homewood, Birmingham, AL is $1,180, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Homewood, Birmingham, AL is 2-bedrooms: $989, 3-bedrooms: $1,280, 4-bedrooms: $1,280. The most common rental property sizes in Homewood, Birmingham, AL are 2-bedroom and 3-bedroom, accounting for 48.0% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $989 |
| 3 Bed Rent | $1,200 | $1,280 |
| 4 Bed Rent | $1,250 | $1,280 |
% of Rental Stock
Property Listings — Homewood, Birmingham, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Homewood, Birmingham, AL is 48. This is a decrease of -38.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 25.0% |
Listing Count | 63 | 3.0% |
| Listings as % of Homes | 0.7% | 3.0% |
Days on Market | 48 | -38.0% |
Demographics — Homewood, Birmingham, AL
As of the latest ACS Survey released in 2023, Homewood, Birmingham, AL has a population of 10,100, which has decreased by -15.4% over the past 5 years. Homewood, Birmingham, AL is a popular place for families, as children make up 28.3% of the population. The area has a moderately educated workforce, with 32.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,100 | -15.4% |
% Under 18 | 28.3% | 9.7% |
% Seniors | 13.3% | 11.8% |
% WFH | 17.0% | 448.4% |
% w/ College Degree | 32.8% | 47.7% |
As of the latest ACS Survey released in 2023, Homewood, Birmingham, AL is a predominantly black area, with 68.6% of the population identifying as black. The black population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Homewood, Birmingham, AL is white, making up 24.0% of the population. Foreign-born residents account for 2.6% of the population in Homewood, Birmingham, AL, and this percentage has decreased by 42.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.0% | 19.4% |
% Black | 68.6% | -3.7% |
% Hispanic | 5.6% | -5.1% |
% Asian | 1.3% | 225.0% |
% Foreign Born | 2.6% | -42.2% |
Mortgage and Risk — Homewood, Birmingham, AL
According to HUD data as of 2023, there were 132 mortgage originations in Homewood, Birmingham, AL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Homewood, Birmingham, AL. Investor activity is low, as 11.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 11.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Homewood, Birmingham, AL
Homewood, Birmingham, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,497 |
Total Units Section 8 | 356 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 89.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $280 | $850 | $1,130 |
| 3 Bedroom | $220 | $1,200 | $1,420 |
| 4 Bedroom | $330 | $1,250 | $1,580 |
Affordability — Homewood, Birmingham, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $116,000 |
| Median Household Income | $34,600 |