Housing in Homer, IL is relatively affordable compared to the rest of the United States. The median value of a house in Homer is $143,200, while the US median value of a house is $338,100. Additionally, the US 1 year House Appreciation rate for 2019 was 8.27%, while Homer's 1 year House Appreciation rate was 8.72%. This suggests that housing values have been increasing in Homer at a slightly faster pace than the rest of the US. Overall, Homer is an attractive market for those looking for a more affordable and accessible housing option.
The median home cost in Homer is $143,200. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Homer is up 14.5%.
Average Age of Homes
- The median age of Homer real estate is 59 years old
The Rental Market in Homer
- Renters make up 15.7% of the Homer population
- 1.5% 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.