Why Live in Homewood
Homewood in Decatur is a neighborhood characterized by its diverse home styles and proximity to 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, sailing, and fishing, with species like bass, walleye, and catfish available. The nearby Scovill Zoo, located on the lake's east shore, houses over 400 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, facilitating access to St. Mary’s Hospital 3 miles southwest. Public transportation is available via the Decatur Public Transit System, though most residents rely on cars due to the lack of sidewalks.
Frequently Asked Questions
Is Homewood a good place to live?
Homewood is a good place to live. Homewood is considered very car-dependent and somewhat bikeable. Homewood is a suburban neighborhood. 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.
How much do you need to make to afford a house in Homewood?
The median home price in Homewood is $340,000. If you put a 20% down payment of $68,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,760 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $75K a year to afford the median home price in Homewood. 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?
Are home prices dropping in Homewood?
Yes, home prices in Homewood are down 9% in the last 12 months.
Home Trends in Homewood, IL
On average, homes in Homewood, Decatur sell after 12 days on the market compared to the national average of 70 days. The median sale price for homes in Homewood, Decatur over the last 12 months is $309,950, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$309,950
Median Single Family Sale Price
$279,900
Median 1 Bedroom Sale Price
$340,000
Average Price Per Sq Ft
$411
Number of Homes for Sale
2
Last 12 months Home Sales
24
Median List Price
$340,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-19%