Homer, IL housing market
The typical Homer home is worth about $189,000, up 4.5% in a year, 36% below the Illinois 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
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Homer | Illinois |
|---|---|---|
| 2017 | $124,000 | $181,000 |
| 2018 | $133,000 | $190,000 |
| 2019 | $129,000 | $195,000 |
| 2020 | $135,000 | $200,000 |
| 2021 | $141,000 | $215,000 |
| 2022 | $156,000 | $236,000 |
| 2023 | $158,000 | $248,000 |
| 2024 | $168,000 | $263,000 |
| 2025 | $179,000 | $278,000 |
| 2026 | $186,000 | $290,000 |
| August 2026 | $189,000 | $298,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Homer in 2025. That's 0.8 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Homer has permitted 11 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Homer's population fell by 120 even though 7 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
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) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $300,000 |
| 2024 | 1 | 1 | 0 | $400,000 |
| 2023 | 5 | 3 | 2 | $636,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 1 | 1 | 0 | $160,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 2 | 2 | 0 | $205,000 |
| 2016 | 1 | 1 | 0 | $125,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $139,000 |
| 2011 | 1 | 1 | 0 | $129,000 |
| 2010 | 1 | 1 | 0 | $124,000 |
| 2009 | 1 | 1 | 0 | $80,000 |
| 2008 | 1 | 1 | 0 | $89,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 2 | 2 | 0 | $158,000 |
| 2001 | 2 | 2 | 0 | $158,000 |
| 2000 | 2 | 2 | 0 | $158,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.2 years of income
The typical Homer home costs about 2.2 years of the town's median household income, less than across Illinois (3.6 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 $1,040
HUD's Fair Market Rent for a two-bedroom in Homer is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Homer pay a median of $979. A two-bedroom takes about 15% of the town's median household income.
Studio $860 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61849; Champaign-Urbana, IL HUD Metro FMR Area), 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, May 2026. 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.