Homer, MI is a great place to call home. The median value of housing in Homer, MI is $147,200 which is significantly lower than the US median housing value of $338,100. However, the 1 year house appreciation rate in Homer is higher than the US rate at 9.09% compared to 8.27%. This indicates that housing prices in Homer are on the rise and it may be a wise investment for those looking to buy a home in this area.
The median home cost in Homer is $147,200. Home appreciation the last 10 years has been 106.2%. Home Appreciation in Homer is up 16.2%.
Average Age of Homes
- The median age of Homer real estate is 63 years old
The Rental Market in Homer
- Renters make up 32.3% of the Homer population
- 4.5% 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.