A typical Homer home is worth roughly $490,000
Home prices around Homer have risen about 46% over the past 5 years.
What kind of housing town is Homer?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.6 years of income
About the same as across Illinois. Try your own numbers below.
That’s $42K short of a typical Homer home.
A two-bedroom rents for about $2,010 a month here, $1,460 less than owning.
How Homer ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Homer’s typical property tax (2.21% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
94% of Homer households own their home
Half of Homer’s homes were built before 1995.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home prices up 46% in 5 years
The federal house price index for the ZIP codes around Homer rose 46% over the past 5 years, about the same as across Illinois. Last year prices rose 3.8%. Carrying the Census median home value forward with that index puts the typical Homer home at roughly $490,000 today.
Carrying the Census median forward with the index puts a typical home at about $490K.
How Homer ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Homer, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $2,010
Renters already here pay a median of $1,888.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chicago-Joliet-Naperville, IL HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Homer vs. its neighbors
Homer is the 3rd priciest of 7 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Homer | $490K* | +3.8%† | $2,010 | — | $135,645 |
| Homer Glen | $530K | +4.1% | $2,060 | 36 | $136,678 |
| Orland | $350K* | +3.6%† | $1,980 | — | $104,383 |
| Lockport | $373K | +3.9% | $1,990 | — | $85,328 |
| Lemont | $592K | +7.5% | $1,560 | — | $120,984 |
| Orland Park | $413K | +6.1% | $2,030 | 29 | $98,910 |
| New Lenox | $456K | +2.7% | $1,640 | — | $133,434 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Homer
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Homer buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.