Commercial Real Estate Market in Homewood, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 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 August 2026.
Office
Office vacancy in Homewood, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Homewood, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Homewood, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Neighborhood Preservation District
Planned Mixed Use Districts
Institution
Attached Dwelling Unit District
Institution
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.
Neighborhood Preservation District (NPD)
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.
27,827
Population
15,141
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
93%
High-School Grad
9.6 sq mi
ZIP Area
2,901
Density / Sq Mi
$72,383
Median Household Income
$45,513
Median Earnings
$1,246
Median Rent
$465,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mountain Brook | — | — |
| Birmingham | — | $17.74 |
| Hoover | — | $19.92 |
| Vestavia Hills | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Homewood?
Homewood, AL zones 5,324 acres across 38 districts, of which 10.1% is commercial and 14.2% industrial. The largest single district is Neighborhood Preservation District at 43.2% of zoned land. To recognize the historical patterns and densities of residential subdivisions, and to encourage the continuation of homogeneous development patterns Residential zoning covers 56.9% and open space 0%.
Where does Realmo's Homewood market data come from?
Realmo compiles Homewood, AL figures from 13 active sale listings, 5 active lease listings, 15 tracked off-market properties, the current Homewood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 5 active for-lease listings in Homewood, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
