States · Illinois · Cook County

Homewood, Illinois.

Typical home $252,211 (+5.2% in a year), asking rent $1,969 . Chicago-Naperville-Elgin, IL-IN-WI metro.

What it costs per month · Homewood $1,324/mo

to buy the typical home at today's mortgage rate — +$746 (+129%) since Jan 2020.

What the home itself did
1 year
Up $12,476 +5%
$239,736$252,211 since Sep 2025
5 years
Up $54,732 +28%
$197,479$252,211 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Homewood $1,324 Illinois $1,553 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Homewood$1,324
  • Illinois$1,553
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 14 years.

Typical home values in Homewood, IL rose 5.2% over the past year — faster than the nation's +1.2%.

Living in Homewood, Cook County, Illinois

Homewood is a village of 19,463 people in Cook County. Half its households earn more than $100,139 a year and half less, against $83,498 across Cook County; 9% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Cook County was 5.9% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.

People 19,463 in the 2020 census; median age 40.2
Household income $100,139 the median, give or take $10,332 · Cook County: $83,498
Unemployment 5.9% Cook County, August 2026; 4.7% a year before
Homes 82% lived in by their owners; 18% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Homewood is a village in Cook County where most homes are lived in by their owners, a higher share than across the county as a whole. Household incomes run above the county's, and a good many adults hold a four-year degree. The population is a little older than in many towns, with a median age in the early middle years of adulthood.

Work. Many residents work in schools, hospitals and social care, with others in professional and business services, shops, and banks, insurance and property. Some of the largest workplaces in the village itself are Homewood Schools, Jewel Food Stores and Menards. Commutes tend to be fairly long, and a fair number of people work from home.

Things to do. Chicago's museums and ballparks are a longer drive away. The Art Institute of Chicago is a museum, and Millennium Park is a garden, while Wrigley Field is a stadium for baseball. Winters here are cold and snowy, with January the coldest month, and summers turn warm in July, with a fair amount of rain and melted snow across the year.

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  • 7,082households
  • 47%of adults have a degree
  • 9%below the poverty line
  • 33 mintypical commute
  • 17%work from home

What residents work in

  • Schools, hospitals and social care29%
  • Professional and business services10%
  • Shops (retail)8%
  • Banks, insurance and property8%
  • Transport, warehouses and utilities8%
  • Manufacturing7%

Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 31° and 15°; warmest in July, 84° and 64° 20° 40° 60° 80° J 31° 15° F M A M J J 84° 64° A S O N D
Average daily high and low for each month: coldest in January, 31° and 15°; warmest in July, 84° and 64° 20° 40° 60° 80° J 31° 15° F M A M J J 84° 64° A S O N D

Coldest in January, with highs near 31° and lows near 15°; warmest in July, with highs near 84° and lows near 64°. About 28 inches of snow and 42 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Park Forest weather station, 5 miles away (NOAA).

Largest workplaces in Homewood

  1. Homewood SD 153School district272FTE
  2. Jewel Food StoresSupermarkets and other grocery stores205
  3. Aliya of HomewoodSkilled nursing facilities163
  4. Jewel Food StoresSupermarkets and other grocery stores160
  5. Menards"home centers"137
  6. Homewood Disposal - HomewoodGarbage collection services135
  7. The INX GroupPrinting ink manufacturer133
  8. TargetDiscount department stores131

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 13 workplaces with 20 or more staff, 1,457 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Cold wavesVery high
  2. Heat wavesRelatively high
  3. TornadoesRelatively high
  4. Inland floodingrelatively high in parts of HomewoodRelatively moderate
  5. Winter weatherRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Homewood’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.

Homewood home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 Homewood $252,211 Illinois $295,943 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • Homewood$252,211
  • Illinois$295,943
  • United States$366,157

Sellers are cutting prices on about 1 in 3 Homewood listings, and the typical home goes pending in 20 days — the market is roughly in balance.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 20% 30% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Homewood 31.88% United States 26.90%
10% 20% 30% 2018 2022 2026
  • Homewood31.88%
  • United States26.90%

Days to pending

How long the typical listing takes to go under contract.

20 30 40 2026 Homewood 20 United States 21
20 30 40 2026
  • Homewood20
  • United States21

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

50 75 100 125 2018 2019 2020 2021 2022 2023 2024 2025 2026 Homewood 96
50 75 100 125 2018 2022 2026
  • Homewood96

New listings per month

Sellers arriving at the market.

20 30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Homewood 23
20 30 40 50 2018 2022 2026
  • Homewood23

Median sale price

What buyers actually paid — closed sales, not asking prices.

$250,000 $300,000 $350,000 2026 Homewood $226,409 United States $371,407
$250,000 $300,000 $350,000 2026
  • Homewood$226,409
  • United States$371,407

Sale-to-list ratio

Above 100%, homes sell over asking; below, buyers negotiate wins.

98.50% 98.60% 98.70% 98.80% 98.90% 2026 Homewood 98.95%
98.50% 98.60% 98.70% 98.80% 98.90% 2026
  • Homewood98.95%

Zip codes with a Homewood address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Homewood — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Homewood