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 $94,888, lower than the Iowa average of $182,666.
The average cost of rent is $719/mo in Homer, primarily driven by the current value of real estate in the Homer area. While nearly 43.96% of residents own their homes outright in Homer, 19.61% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $5,862 per month. Households that rent pay about 12.26% of their income on rent here. Homer's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Webster City, IA: higher priced homes
- Woolstock, IA: higher priced homes
- Blairsburg, IA: higher priced homes
- Kamrar, IA: higher priced homes
- Duncombe, IA: higher priced homes
- Vincent, IA: higher priced homes
- Eagle Grove, IA: equally priced homes
- Williams, IA: higher priced homes
- Evanston, IA: higher priced homes
- Stanhope, IA: higher priced homes
Cities with Similar Populations
- Landgraff, WV: less expensive homes
- Kyles, AL: equally priced homes
- Lacon, KY: higher priced homes
- Ladentown, NY: higher priced homes
- Winifred, KS: higher priced homes
- Lake Delta, NY: higher priced homes
- Windsor Mercer County, IL: equally priced homes
- Windhorst, KS: higher priced homes
- Lake Shore, UT: higher priced homes
- Windham, VT: higher priced homes
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