Homer, AK housing market
The typical Homer home is worth about $432,000, up 10% in a year, 8% above the Alaska typical home.
Home values, sales, trends and how Homer compares with the towns next door — updated as new data is published.
Homer at a glance
Typical home value, 2016–2026
Show as a table
| January | Homer | Alaska |
|---|---|---|
| 2017 | $255,000 | $285,000 |
| 2018 | $263,000 | $289,000 |
| 2019 | $276,000 | $292,000 |
| 2020 | $298,000 | $317,000 |
| 2021 | $321,000 | $325,000 |
| 2022 | $364,000 | $349,000 |
| 2023 | $369,000 | $359,000 |
| 2024 | $361,000 | $362,000 |
| 2025 | $375,000 | $373,000 |
| 2026 | $417,000 | $387,000 |
| August 2026 | $432,000 | $399,000 |
81 new homes permitted in 2025
Builders were permitted 81 new homes in Homer in 2025: 74 single-family houses and 7 in buildings with two or more homes, worth about $28 million to build. That's 14 per 1,000 residents, faster than across Alaska (1.8). Over the past 10 years, Homer has permitted 602 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Homer gained 519 residents while 427 new homes were permitted: about 1.2 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Alaska: 1.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 42 | 28 | 14 | $13.8 million |
| 2025 | 81 | 74 | 7 | $28 million |
| 2024 | 81 | 60 | 21 | $27.8 million |
| 2023 | 59 | 45 | 14 | $21.9 million |
| 2022 | 74 | 63 | 11 | $25.7 million |
| 2021 | 53 | 50 | 3 | $16.9 million |
| 2020 | 55 | 41 | 14 | $16.1 million |
| 2019 | 39 | 37 | 2 | $11.2 million |
| 2018 | 65 | 52 | 13 | $13.5 million |
| 2017 | 55 | 48 | 7 | $10.4 million |
| 2016 | 40 | 33 | 7 | $9 million |
| 2015 | 52 | 44 | 8 | $11.2 million |
| 2014 | 46 | 36 | 10 | $9.8 million |
| 2013 | 44 | 33 | 11 | $7.5 million |
| 2012 | 24 | 19 | 5 | $5.4 million |
| 2011 | 32 | 26 | 6 | $7.1 million |
| 2010 | 30 | 26 | 4 | $7.2 million |
| 2009 | 37 | 31 | 6 | $7.3 million |
| 2008 | 37 | 37 | 0 | $10.1 million |
| 2007 | 63 | 41 | 22 | $9.4 million |
| 2006 | 62 | 56 | 6 | $16.5 million |
| 2005 | 67 | 55 | 12 | $11.6 million |
| 2004 | 45 | 31 | 14 | $7 million |
| 2003 | 48 | 44 | 4 | $8.5 million |
| 2002 | 32 | 29 | 3 | $4.5 million |
| 2001 | 36 | 28 | 8 | $4.7 million |
| 2000 | 40 | 40 | 0 | $4.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Homer and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Homer | $432K | +10% | $1,410 | 81 | $74,449 |
| Diamond Ridge | $361K | +10.3% | $1,400 | — | $87,500 |
| Kachemak | $531K | +9.4% | $1,410 | — | $76,750 |
5.8 years of income
The typical Homer home costs about 5.8 years of the town's median household income, more than across Alaska (4.3 years).
How Homer ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,410
HUD's Fair Market Rent for a two-bedroom in Homer is $1,410 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Homer pay a median of $1,238, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $1,070 · 4 bedrooms $2,370
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99603; Kenai Peninsula Borough, AK), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Homer
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.