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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 $237,625, lower than the North Dakota average of $273,535.
The average cost of rent is $808/mo in Homer, primarily driven by the current value of real estate in the Homer area. In Homer, 10.98% of households rent, and 54.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $9,020 per month. Households that rent pay about 8.95% of their income on rent here. Homer’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jamestown, ND: equally priced homes
- Ypsilanti, ND: equally priced homes
- Spiritwood, ND: higher priced homes
- Sydney, ND: less expensive homes
- Eldridge, ND: equally priced homes
- Eckelson, ND: equally priced homes
- Montpelier, ND: less expensive homes
- Millarton, ND: less expensive homes
- Urbana, ND: equally priced homes
- Spiritwood Lake, ND: higher priced homes
Cities with Similar Populations
- Lake Margrethe, MI: less expensive homes
- Snowdoun, AL: less expensive homes
- Smithsonia, AL: less expensive homes
- Silverton, WV: less expensive homes
- Silver Star, MT: higher priced homes
- Shivers, MS: less expensive homes
- Sherman Station, ME: less expensive homes
- Letona, AR: less expensive homes
- Lemoyne, NE: equally priced homes
- Leivasy, WV: less expensive homes
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