Housing in Homer, AK is a hot commodity, with the median value of $358,000 significantly above the national median of $338,100. The rate of appreciation in Homer is even higher than the national average of 8.27%, coming in at 11.27% over the last year. This makes Homer a great option for those looking to invest in real estate or purchase their own home. With such attractive housing prices and a rising market trend, it's no wonder that home buyers are clamoring for property in Homer.
The median home cost in Homer is $358,000. Home appreciation the last 10 years has been 60.6%. Home Appreciation in Homer is up 14.0%.
Average Age of Homes
- The median age of Homer real estate is 29 years old
The Rental Market in Homer
- Renters make up 29.4% of the Homer population
- 3.3% of houses and apartments in Homer, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.