Homewood Terrace, Homewood, IL
Homewood Terrace — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Homewood Terrace, Homewood, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Homewood Terrace Neighborhood Overview
Homewood Terrace is a residential neighborhood within the village of Homewood, Illinois, offering a classic suburban living experience. Located with the ZIP code 60430, it provides residents with a quiet, community-focused atmosphere. Its central coordinates are approximately 41.5556 latitude and -87.6616 longitude.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around local parks, community events, and convenient shopping. The neighborhood benefits from its proximity to Homewood's vibrant downtown area, which features a variety of restaurants and boutique stores. This balance offers both tranquility and easy access to daily necessities and entertainment.
Real Estate Market
The real estate market in Homewood Terrace features single-family homes with a Census-reported median home value of $192,600. Current market data indicates an asking price per square foot of approximately $197.73. This positions the neighborhood as an accessible option within the broader Chicago Southland housing market.
Schools & Education
Families in Homewood Terrace are served by the well-regarded Homewood School District 153 and Homewood-Flossmoor Community High School District 233. These districts are known for their strong academic programs and extracurricular offerings. The neighborhood's location places it within a community that prioritizes educational excellence.
Transportation & Connectivity
The neighborhood offers excellent transportation links, including convenient access to the Metra Electric District line at the Homewood station. This provides a direct commuter rail connection to downtown Chicago. Major highways like I-80, I-294, and I-57 are also easily accessible for regional travel.
Why Choose Homewood Terrace
Homewood Terrace is an ideal choice for those seeking an affordable, established suburban community with strong schools and transit options. With a median household income of $85,136, it attracts a stable, middle-class demographic. It represents a balanced blend of small-town charm and metropolitan accessibility.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Homewood Terrace Market Data
| Metric | Value |
|---|---|
| Median Home Price | $193K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $85K |
| Homeownership Rate | 78.4% |
| Renter-Occupied | 21.6% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 60430 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Homewood Terrace, Homewood
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Homewood Terrace, Homewood, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12