With consistent population growth since 1930, Homewood is now home to a population of over 25,000 people, making it one of the most densely-populated cities in Alabama. While there's plenty of activities in town, many residents are enthralled by the fact that fictional characters from the 'Southern Sisters Mysteries' called this place home. The same thing that attracted these characters will likely attract new homeowners in the area.
Check out 300 Homewood, AL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Great home values! Almost every housing market in America took a hit over the past five years, and it's no different for Homewood. Despite the recession, home values in the area have increased by over 10 percent in the past decade. Though the average increase for the United States is slightly higher, it hasn't changed the fact that single family houses in this area are valued at nearly 30 percent more than the average American house value. This means that regardless of whether someone wants to purchase a place near Vestavia Hills or find rent to own houses closer to Birmingham, they'll end up getting a great value in the long run.
Convenient to Birmingham! Many people find it difficult to choose between living a life inside a big city or on the outskirts. There are benefits to both, but Homewood has the advantage of being close enough to the city without dealing with congestion or a higher cost of living. Homewood is only separated from Birmingham by Red Mountain, so it's easy to get into the city limits without actually having to deal with the stressors of living there. This means you can easily commute if you have a job in the city, or if you just like checking out the McWane Science Center on occasion.
Amazing property taxes! Nearly 50 percent of all homes in the Homewood area are owned as opposed to rented. This below average number, combined with high housing valuations, often leads people to think that they'll be shelling out an arm and a leg in property taxes if they choose to live in an area so convenient to Interstate 65. In reality, though, this isn't the case at all. In fact, the taxes are nearly 50 percent lower in Homewood than they are in the rest of the country. You might as well take these savings and head on up to the Birmingham Zoo or the Vulcan Park and Museum for a day of fun.
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