What is the average rent in Homewood, Cook County, IL?
The average rent in Homewood, Cook County, IL is $1,316.
What type of rental buildings are in Homewood, Cook County, IL?
In Homewood, 21% of the residents are renting compared to 79% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Homewood’s rentals, 44% are small-scale complexes with under 50 units, and 46% are single-family rentals.
What do typical apartment communities look like in Homewood, Cook County, IL?
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Homewood are about 38 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
What apartment floorplans are common in Homewood, Cook County, IL?
Rental apartments in Homewood come in a range of sizes and floorplans. Studio apartments represent 8% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 51% of the total apartments in the city, while 2-bedroom floorplans represent around 32% of all rentals in Homewood. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Living in Homewood, IL
Homewood, Illinois, is a village positioned about 25 miles south of Chicago, making it a suburban locale with easy access to the city's vibrant offerings. The proximity to Chicago is complemented by the natural beauty of the area, including access to numerous forest preserves and parks such as the Izaak Walton Preserve, which provides opportunities for hiking, fishing, and observing wildlife.
The local economy in Homewood is supported by a diverse range of sectors including retail, healthcare, and education, attracting a variety of professionals. The village is recognized for its commitment to arts, demonstrated through initiatives like the Homewood Arts Council which organizes events and fosters local talent. The historic downtown area adds to the charm of Homewood, with its array of buildings and boutiques that reflect the village’s rich history.
Homewood is also known for its dedication to providing diverse culinary experiences, with restaurants offering everything from classic American to international cuisine. Additionally, the village benefits from strong educational resources, including highly rated public schools managed by Homewood School District 153, making it an appealing place for families.
Renting in Homewood, IL
The rental market in Homewood offers a variety of options ranging from modern apartments to more traditional single-family homes. Architecturally, the village boasts a mix of contemporary structures and charming mid-century houses. The downtown area is particularly appealing for those who appreciate a closer proximity to local shops and cafes, along with easy access to public transportation options.
Residential areas such as the Flossmoor neighborhood are ideal for families, offering spacious properties situated near schools and parks. Meanwhile, areas closer to the Homewood train station are suited to young professionals and commuters who prioritize access to Chicago.
Shopping in Homewood, IL
Homewood offers its residents a mix of shopping experiences. Cherry Creek Shopping Center provides a host of larger retail stores and services. For a more unique shopping experience, downtown Homewood features independent shops and boutiques offering everything from handmade crafts to high-end clothing.
The village also hosts various local markets throughout the year where residents can purchase fresh produce and local goods. Common grocery store chains such as Meijer and Walgreens are readily available for daily needs.
Transportation in Homewood, IL
Public transportation in Homewood is robust, with the Metra rail service offering convenient access to downtown Chicago. The Homewood train station is a central hub for commuters. Several bus routes administered by Pace provide connectivity within Homewood and to neighboring suburbs.
For those who prefer to drive, Homewood is well connected by major highways including Interstate 80 and 294. The closest airports for regional and international travel are the Chicago Midway International Airport and O'Hare International Airport, both accessible within an hour's drive.
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