Homewood village, Illinois Demographics & Population 2026

Population Overview

Homewood village is a small city located in Illinois. The total population is 19,471. It ranks as the 126th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Homewood village is 39.8 years. This is 2% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Homewood village is $96,522. This is 18% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 23% higher. The poverty rate stands at 9.4%. This is 20% lower than the state poverty rate of 11.7%. The unemployment rate is 7.1%. This is 22% higher than the state rate of 5.8%. The median home value is $210,500. Housing costs are 16% lower than the state median of $250,500. With a home-value-to-income ratio of just 2.2x, Homewood village is one of the most affordable housing markets in the area. 79.4% of occupied housing units are owner-occupied. This homeownership rate is 19% higher than the state average of 66.8%.

Race & Ethnicity

Homewood village is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. White (non-Hispanic) residents account for 42.0%. The Black or African American population is significantly higher than the state average (44.5% vs 13.6%). The Hispanic or Latino population (8.0%) is well below the state average of 18.5%. The Asian population (1.4%) is well below the state average of 5.8%.

Education

46.1% of residents aged 25 and older hold a bachelor's degree or higher. This places Homewood village in the top 10% of all cities in the state for educational attainment. This is 24% higher than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.9%. Notably, 19.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Homewood village, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.