Homewood, IL population, income and ZIP codes

Homewood village is a mid-size town in Illinois, with 19,471 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #126 of 1,462 ranked by population — larger than 91% of them. The median age here is 39.8 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Homewood village earn a median of $96,522 a year, 22.9% above the national figure of $78,538 and 30% above the $74,244 median for the 698 Illinois cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 9.4% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Homewood village is valued at $210,500, 30.6% below the national figure and 18% above the $179,100 peer median, while median gross rent runs $1,422 a month, 1.1% above the national figure, or roughly $17,064 across a full year. A household on the local median income would put about 17.7% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 79.4% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.