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Affordable
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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 $165,433, lower than the Illinois average of $300,242.
The average cost of rent is $935/mo in Homer, primarily driven by the current value of real estate in the Homer area. In Homer, 16.18% of households rent, and 38.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $7,112 per month. Households that rent pay about 13.14% of their income on rent here. Homer’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ogden, IL: higher priced homes
- Sidney, IL: higher priced homes
- St. Joseph, IL: higher priced homes
- Fithian, IL: less expensive homes
- Fairmount, IL: less expensive homes
- Muncie, IL: less expensive homes
- Allerton, IL: higher priced homes
- Broadlands, IL: higher priced homes
- Jamaica, IL: higher priced homes
- Philo, IL: higher priced homes
Cities with Similar Populations
- Mentha, MI: higher priced homes
- Sandy Valley, NV: higher priced homes
- Sandersville, MS: less expensive homes
- Sacramento, KY: less expensive homes
- Pojoaque, NM: higher priced homes
- Plains, TX: less expensive homes
- Pittsville, WI: equally priced homes
- Paxville, SC: less expensive homes
- Parker, SD: higher priced homes
- North Adams, MI: equally priced homes
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