Homewood, AL
Commercial Real Estate Market Trends & Data

$199 Avg asking sale price
$203 Avg asking lease rate
17,879 SF Avg unit lease size
34,936 SF Avg building size for sale
8.52% Average cap rate

Homewood's Demographic Profile

Homewood has 9,300 households and a median income of $93,316, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,539
# Households 9,300
Median age 32
Median household income $93,316
Avg household size 2.0
Renter-occupied housing units 3,867
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Homewood, AL

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Homewood $101 44,686 SF 5.65%
Birmingham $91 79,857 SF 12.00%
Vestavia $138 18,597 SF 5.65%
Hoover $132 120,848 SF 5.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Homewood $383 16,347 SF
Cahaba Heights $203 19,104 SF
Vestavia Hills $297 18,710 SF
Birmingham $310 12,489 SF
Mountain Brook $171 13,574 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Homewood $193 25,285 SF 10.67%
Birmingham $129 49,694 SF 10.67%

Commercial Properties For Sale in Homewood

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Homewood Development Site

Birmingham, AL 35209

  • 2,750 SF Office Building
  • $1,325,000
For Sale

Arby's Parking

Birmingham, AL 35233

  • 0.22 AC Lot
  • 1 Commercial Lot
  • $1,623,000
For Sale

401 Office Park Dr

Birmingham, AL 35223

  • 2,283 SF Office Building
  • $1,250,000
For Sale

Tesla Supercharger

Birmingham, AL 35233

  • 700 SF Retail Building
  • 6.75% Cap Rate
  • $1,104,000
For Sale

101 Lyon Ln

Birmingham, AL 35211

  • 9,624 SF Industrial Building
  • $1,650,000
For Sale

1785 Pearson Ave SW

Birmingham, AL 35211

  • 8,640 SF Multifamily
  • 10.10% Cap Rate
  • $675,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Homewood pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Homewood $199 34,936 SF
Cahaba Heights $297 22,171 SF
Vestavia Hills $245 16,047 SF
Birmingham $186 50,000 SF
Mountain Brook $274 18,793 SF

Multifamily Properties For Sale in Homewood

For Sale

Macaroni Lofts

Birmingham, AL 35233

  • 35,000 SF Multifamily
  • $1,200,000
For Sale

Blach's Building Lofts

Birmingham, AL 35203

  • 40,000 SF Multifamily
  • $975,000
For Sale

The Ideal Building

Birmingham, AL 35203

  • 26,677 SF Multifamily
  • $6,500,000
For Sale

Terrace Court Apartments

Birmingham, AL 35205

  • 62,095 SF Multifamily
  • Price Upon Request

Regional Demographic Comparison

This comparison places Homewood alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Homewood or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Homewood 25,539 9,300 32 $93,316 2 3,867 -2%
Cahaba Heights 20,178 9,002 38 $96,874 2 3,961 -3%
Vestavia Hills 33,318 12,976 40 $116,845 3 3,378 -4%
Birmingham 213,610 94,019 38 $39,726 2 53,484 1%
Mountain Brook 18,551 7,032 40 $144,874 3 1,378 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Homewood, AL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Homewood

View All Commercial Real Estate For Sale in Homewood
Is Homewood a good market for a first-time commercial real estate investor?

Homewood offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Homewood?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Homewood. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Homewood?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Homewood. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Homewood compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Homewood. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Homewood acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Homewood, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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