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 $112,107, lower than the Michigan average of $196,062.
The average cost of rent is $783/mo in Homer, primarily driven by the current value of real estate in the Homer area. While nearly 49.79% of residents own their homes outright in Homer, 26.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $4,464 per month. Households that rent pay about 17.54% of their income on rent here. Homer's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Clarendon, MI: higher priced homes
- Eckford, MI: higher priced homes
- Litchfield, MI: equally priced homes
- Pulaski, MI: higher priced homes
- Tekonsha, MI: equally priced homes
- South Butler, MI: higher priced homes
- Concord, MI: higher priced homes
- Albion, MI: less expensive homes
- Wrights Corners, MI: higher priced homes
- Marengo, MI: higher priced homes
Cities with Similar Populations
- Village of Grosse Pointe Shores, MI: higher priced homes
- Clarkton, NC: equally priced homes
- Cutchogue, NY: higher priced homes
- Arcade, NY: equally priced homes
- Gardners, PA: higher priced homes
- State Road, NC: higher priced homes
- Lewisport, KY: equally priced homes
- Lloyd Harbor, NY: higher priced homes
- Lyons, CO: higher priced homes
- Mount Pocono, PA: higher priced homes
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