Homewood, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Homewood, Illinois had a total population of 19,294, the 129th largest village in Illinois, with a median household income of $100,139, which is 20% higher than the state average. The poverty rate is 9.4%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- 47.4% of adults hold a bachelor's degree or higher — top 10% in Illinois.
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
- Unemployment rate of 8.1% is notably above the national average.
Homewood Quick Facts
How Homewood Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 19,471 | 19,294 | -0.9% |
| Median household income | $96,522 | $100,139 | +3.7% |
| Median home value | $210,500 | $221,100 | +5.0% |
How Homewood Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Homewood Rankings in Illinois
Explore Illinois Rankings
Other Cities in Cook County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Chicago | 2,711,226 | $77,902 | 16.8% | $334,100 |
| Elgin | 114,934 | $90,282 | 9.8% | $273,000 |
| Cicero | 82,797 | $70,842 | 14.6% | $249,400 |
| Schaumburg | 76,868 | $97,514 | 5.7% | $330,400 |
| Evanston | 76,340 | $96,434 | 11.8% | $481,200 |
| Arlington Heights | 76,005 | $116,723 | 6.0% | $414,500 |
| Palatine | 66,293 | $97,819 | 8.2% | $355,600 |
| Skokie | 66,219 | $95,337 | 9.7% | $387,200 |
| Des Plaines | 59,156 | $97,875 | 6.0% | $335,600 |
| Orland Park | 57,916 | $98,910 | 7.3% | $367,200 |
Cities Similar to Homewood
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Evergreen Park | 19,420 | $95,719 | $267,500 | 42.7% | 4.0% |
| Brookfield | 19,331 | $110,295 | $332,400 | 42.3% | 5.4% |
| Matteson | 18,645 | $95,457 | $250,600 | 39.7% | 9.7% |
| Round Lake | 18,628 | $111,977 | $278,600 | 41.5% | 9.0% |
| North Aurora | 18,696 | $114,305 | $342,100 | 40.5% | 6.3% |
Population Overview
Homewood is a small city located in Illinois, within Cook County. The total population is 19,294. It ranks as the 129th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Homewood is 40.2 years. This is 3% higher than the state median of 39.0 years.
Economy, Income & Housing
The median household income in Homewood is $100,139. This is 20% higher than the state median of $83,390. It is also 24% higher than the national median of $80,734. The poverty rate stands at 9.4%. This is 21% lower than the state poverty rate of 11.8%. The unemployment rate is 8.1%. This is 39% higher than the state rate of 5.8%. The median home value is $221,100. Housing costs are 16% lower than the state median of $263,300. With a home-value-to-income ratio of just 2.2x, Homewood is one of the most affordable housing markets in the area. 81.7% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 67.1%.
Race & Ethnicity
Homewood is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Black or African American residents account for 43.1%. The Black or African American population is significantly higher than the state average (43.1% vs 13.3%). The Hispanic or Latino population (6.4%) is well below the state average of 18.8%. The Asian population (1.4%) is well below the state average of 5.9%.
Education
47.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Homewood in the top 10% of all cities in the state for educational attainment. This is 25% higher than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.4%. Notably, 21.4% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Homewood, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Homewood, Illinois?
Homewood, Illinois has a population of 19,294 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Homewood, IL?
The median household income in Homewood is $100,139, which is 24% higher than the national median of $80,734.
What is the poverty rate in Homewood, IL?
The poverty rate in Homewood is 9.4%. This means approximately 1,779 residents live below the federal poverty line.
What is the racial makeup of Homewood, Illinois?
Homewood's population is 44.3% White, 43.1% Black, 6.4% Hispanic/Latino, and 1.4% Asian.
What is the median home value in Homewood, IL?
The median home value in Homewood is $221,100. The home-value-to-income ratio is 2.2x.
How educated is Homewood, Illinois?
47.4% of adults (25+) in Homewood hold a bachelor's degree or higher, and 21.4% hold a graduate or professional degree.