Why Live in Homewood
Homewood in Decatur is a neighborhood characterized by its diverse home styles and waterside location on Lake Decatur. The area features winding streets lined with mid-century ranch-style and split-level homes, many of which are shaded by mature oak and pine trees. Homes range from smaller inland properties to larger waterfront houses with amenities like docks and boathouses. Lake Decatur, stretching 30 miles, is a central attraction, offering activities such as boating and fishing, with species like bass, catfish and walleye available. The nearby Scovill Zoo, on the lake's eastern shore, houses hundreds of animals from six continents. Dining options include The Beach House, known for its seafood and lakeside views, and Whit’s End, which serves barroom favorites in a family-friendly setting. Essential shopping and fast food are available 3 miles southeast in Scovill Gardens, which has a Kroger and Walmart Supercenter. The Devon Lakeshore Amphitheater hosts concerts and free movie screenings, while the GT Church provides community classes and pay-what-you-can dinners. The neighborhood is bordered by Illinois Route 105, which facilitates access to St. Mary’s Hospital, 3 miles southwest. Public transportation is available through the Decatur Public Transit System. However, most residents rely on personal vehicles.
Frequently Asked Questions
Is Homewood a good place to live?
Homewood is a good place to live. Homewood is considered car-dependent and somewhat bikeable. Homewood is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. It has a median age of 47. The average household income is $60,613 which is below the national average. College graduates make up 15.8% of residents. A majority of residents in Homewood are home owners, with 31.2% of residents renting and 68.8% of residents owning their home. A
local real estate agent serving Homewood can help you decide if this neighborhood is the right one for you. Learn more on our
Homewood neighborhood guide.
Is Homewood, IL a safe neighborhood?
Homewood, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Homewood?
The median home price in Homewood is $72,000. If you put a 20% down payment of $14,400 and had a 30-year fixed mortgage with an interest rate of 6.19%, your estimated principal and interest payment would be $350 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $15K a year to afford the median home price in Homewood. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Homewood is $61K.
What are the best public schools in Homewood?
The best public schools that serve Homewood are:
What are the most popular zip codes in Homewood, Decatur, IL?
What are the most popular neighborhoods near Homewood, Decatur, IL?
Home Trends in Homewood, IL
On average, homes in Homewood, Decatur sell after 28 days on the market compared to the national average of 53 days. The median sale price for homes in Homewood, Decatur over the last 12 months is $106,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$106,000
Median Single Family Sale Price
$145,000
Median 2 Bedroom Sale Price
$69,000
Median 1 Bedroom Sale Price
$45,500
Average Price Per Sq Ft
$87
Number of Homes for Sale
5
Last 12 months Home Sales
16
Median List Price
$72,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%