Housing costs in Homewood?
A typical home costs
$218,000, which is 35.5% less expensive than the national average of
$338,100 and 1.9% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Homewood costs
$1,090 per month, which is 16.0% more than the national average of
$940 and 2.8% more than the state average of
$1,060.
Can I afford Homewood?
To live comfortably in Homewood (zip 35229), Alabama, a minimum annual income of
$41,760 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about Homewood?
The cost of living in 35229 Homewood, AL is quite reasonable. The median home value in the neighborhood is $125,400, which is lower than the national average. The cost of utilities and groceries also tends to remain low, making it a great place to live for those on a budget. Housing expenses are reasonable throughout the area, with the median rent for a one-bedroom apartment coming in at just over $900 per month. Overall, 35229 Homewood, AL offers affordable housing and goods that make it an attractive option for many.