Homewood, AL 35229 is a great place to call home. The average 2 bedroom rent in Homewood is $1,090 which is considerably less than the US average of $1,430. The grocery cost index in Homewood also comes in lower than the national average at 94 versus 100. There are many local companies that operate in the area such as Vulcan Materials Company, EBSCO Industries Inc., Hibbett Sporting Goods Inc., and Sterne Agee Group Inc. All of these businesses have proven to be successful and greatly contribute to the culture and economy of Homewood.