Homewood, Illinois.
Typical home $252,211 (+5.2% in a year), asking rent $1,969 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$746 (+129%) since Jan 2020.
- 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.
- 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.
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 It can be wrong or out of date.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
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
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
- Homewood SD 153School district272FTE
- Jewel Food StoresSupermarkets and other grocery stores205
- Aliya of HomewoodSkilled nursing facilities163
- Jewel Food StoresSupermarkets and other grocery stores160
- Menards"home centers"137
- Homewood Disposal - HomewoodGarbage collection services135
- The INX GroupPrinting ink manufacturer133
- 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
- Cold wavesVery high
- Heat wavesRelatively high
- TornadoesRelatively high
- Inland floodingrelatively high in parts of HomewoodRelatively moderate
- 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.
- 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.
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.
- Homewood31.88%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Homewood20
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Homewood96
New listings per month
Sellers arriving at the market.
- Homewood23
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Homewood$226,409
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- 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.