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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 $127,843, lower than the Kentucky average of $219,615.
The average cost of rent is $738/mo in Homer, primarily driven by the current value of real estate in the Homer area. In Homer, 23.56% of households rent, and 54.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $4,813 per month. Households that rent pay about 15.34% of their income on rent here. Homer’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Insco, KY: less expensive homes
- Chandlers Chapel, KY: higher priced homes
- Anderson, KY: higher priced homes
- Cooperstown, KY: equally priced homes
- Edwards, KY: less expensive homes
- Quality, KY: less expensive homes
- Gasper, KY: higher priced homes
- Epleys, KY: equally priced homes
- Richelieu, KY: higher priced homes
- Wolf Lick, KY: equally priced homes
Cities with Similar Populations
- Pumpkin Center, KY: equally priced homes
- Pelican, AK: higher priced homes
- Pennington, AR: less expensive homes
- Petersburg, OK: higher priced homes
- Petrified Forest Natl Pk, AZ: less expensive homes
- Phlegar, VA: higher priced homes
- Pine Bluffs, NE: higher priced homes
- Pine Coupee, LA: higher priced homes
- Pine Stump Junction, MI: higher priced homes
- Pinehurst, CA: less expensive homes
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