Material modeling using modern numerical methods accelerates the design process and reduces the costs of developing new products. However, for multiscale modeling of heterogeneous materials, the well-established homogenization techniques remain computationally expensive for high accuracy levels. In this contribution, a machine learning approach, convolutional neural networks (CNNs), is proposed as a computationally efficient solution method that is capable of providing a high level of accuracy. In this work, the data-set used for the training process, as well as the numerical tests, consists of artificial/real microstructural images (“input”). Whereas, the output is the homogenized stress of a given representative volume element RVE . The model performance is demonstrated by means of examples and compared with traditional homogenization methods. As the examples illustrate, high accuracy in predicting the homogenized stresses, along with a significant reduction in the computation time, were achieved using the developed CNN model.