Expensive
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 $170,369, lower than the Indiana average of $232,932.
The average cost of rent is $790/mo in Homer, primarily driven by the current value of real estate in the Homer area. In Homer, 21.23% of households rent, and 61.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $5,985 per month. Households that rent pay about 13.20% of their income on rent here. Homer’s most expensive areas are in the southern 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
- Manilla, IN: higher priced homes
- Arlington, IN: higher priced homes
- Gowdy, IN: higher priced homes
- Rays Crossing, IN: higher priced homes
- Gwynneville, IN: higher priced homes
- Henderson, IN: higher priced homes
- Blue Ridge, IN: higher priced homes
- Rushville, IN: equally priced homes
- Moscow, IN: higher priced homes
- Meltzer, IN: higher priced homes
Cities with Similar Populations
- Hubbardstown, WV: less expensive homes
- Soboba Hot Springs, CA: higher priced homes
- Smyrna, MS: less expensive homes
- Slocum, RI: higher priced homes
- Slab City, WI: higher priced homes
- Skytop, PA: higher priced homes
- Skellytown, TX: less expensive homes
- Shiloh, MI: equally priced homes
- Sheshequin, PA: higher priced homes
- Sandtown, MS: less expensive homes
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