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Apartments For Rent in Homewood, AL

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Apartments for Rent in Homewood, AL

Homewood is a town in Alabama with a population of just under 26,000. Young adults aged 15-24 can expect to fit right in, as they make up an above-average percentage of the community, while retirees feature less prominently in the demographics. With an average age of just under 34, the city's population is notably younger than most cities in Alabama. Home ownership is more common than renting in the area, and 40% of residents rent. Relatively high rent costs could be a contributing factor, as the average rent of $1,153 a month is substantially higher than the state average of $807.

Many Homewood residents work in one of five industries: healthcare, education, retail, scientific, and entertainment. Together, these industries account for 35% of the city's workforce. Meanwhile, in terms of job function, many workers in these industries are in management, as 10% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of around $94,000, Homewood workers earn more than their peers elsewhere in the state. The city's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Homewood has a high percentage of residents over the age of 25 with advanced degrees, as 13% possess a Master's or a Doctorate. Further, 20% possess a Bachelor's degree, which also outpaces the national average.

Homewood has an average commute time of about 20 minutes, quicker than the Alabama average of about 25 minutes. Driving a vehicle is the most common way to get to work, selected by 49% of workers, while public transit isn't used extensively. Walking (2%) isn't a common way to get to work, though the number is higher than the national average.