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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 $182,434, lower than the New York average of $610,895.
The average cost of rent is $1,260/mo in Homer, primarily driven by the current value of real estate in the Homer area. In Homer, 22.95% of households rent, and 52.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Homer is $6,833 per month. Households that rent pay about 18.44% of their income on rent here. Homer’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Little York, NY: equally priced homes
- Scott, NY: equally priced homes
- East Homer, NY: less expensive homes
- Cortland, NY: less expensive homes
- Munsons Corners, NY: higher priced homes
- Preble, NY: equally priced homes
- Summerhill, NY: equally priced homes
- Dresserville, NY: less expensive homes
- McGraw, NY: less expensive homes
- Glen Haven, NY: less expensive homes
Cities with Similar Populations
- Gravette, AR: higher priced homes
- Gordonsville, VA: higher priced homes
- Graceville, FL: less expensive homes
- Grafton, WV: less expensive homes
- Granby, MA: higher priced homes
- Grand Island, FL: higher priced homes
- Grand Saline, TX: less expensive homes
- Grandview, TX: higher priced homes
- Granger, WA: higher priced homes
- Grant, AL: higher priced homes
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