Commercial Real Estate Market in Homewood, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 15 off-market properties in Homewood, AL.
Market Trends
Homewood, AL spans 9.6 square miles in Jefferson County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Homewood, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Homewood, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Homewood, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Homewood, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.9%
- Industrial 14.2%
- Mixed use 12.1%
- Commercial 10.1%
- Civic 3.4%
- Planned_development 2.9%
Largest Zones share of zoned land by district
Homewood, AL zones 5,324 acres across 38 districts. Commercial zoning covers 10.1% of zoned land, residential 56.9% and industrial 14.2%. The largest single district is Neighborhood Preservation District at 43.2%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
To recognize the historical patterns and densities of residential subdivisions, and to encourage the continuation of homogeneous development patterns
Market overview
Demographics & Economy
Homewood, AL has 27,827 residents in 15,141 households. Density runs 2,901 people per square mile. Median household income here is $72,383 and median gross rent $1,246 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Birmingham | $148 | $18.50 |
| Hoover | $182 | $19.50 |
Frequently Asked Questions
How much does it cost to lease commercial space in Homewood?
What zoning applies to commercial property in Homewood?
Where does Realmo's Homewood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 5 active for-sale and 8 active for-lease listings in Homewood, AL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,324 zoned acres across 38 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
