Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Homer area can be challenging. Home prices in Homer are now at a median cost of $293,720, higher than the Alaska average of $254,370.
The average cost of rent is $1,160/mo in Homer, primarily driven by the current value of real estate in the Homer area. While nearly 46.73% of residents own their homes outright in Homer, 24.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $5,881 per month. Households that rent pay about 19.73% of their income on rent here. Homer's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Kachemak, AK: equally priced homes
- Diamond Ridge, AK: equally priced homes
- Halibut Cove, AK: less expensive homes
- Anchor Point, AK: less expensive homes
- Seldovia, AK: less expensive homes
- Happy Valley, AK: less expensive homes
- Ninilchik, AK: less expensive homes
- Port Graham, AK: less expensive homes
- Nanwalek, AK: less expensive homes
- Cohoe, AK: less expensive homes
Cities with Similar Populations
- Webster City, IA: less expensive homes
- Jonestown, PA: less expensive homes
- Kalama, WA: higher priced homes
- West Boylston, MA: higher priced homes
- Wellsville, NY: less expensive homes
- Wellston, OH: less expensive homes
- Wells, ME: higher priced homes
- Wellington, KS: less expensive homes
- Weldon Spring, MO: higher priced homes
- Weiser, ID: less expensive homes
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