Housing in Homer

A typical Homer home is worth roughly $283,000

Typical home value

$283K

OH $249K

Estimate

2-bedroom rent

$1,130

a month, utilities in · HUD

Median tax bill

$3,387

OH $2,822

Affordability

A typical home costs 3.7 years of income

About the same as across Ohio. Try your own numbers below.

You could afford about

$284,000

Typical Homer home $283K

That covers a typical Homer home, with $1K to spare.

The typical home, each month

$1,770

Loan $1,400Tax $280Insurance $80

A two-bedroom rents for about $1,130 a month here, $640 less than owning.

Where your budget reaches nearby

Spencer$328K Sullivan$296K Harrisville$262K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Homer’s typical property tax (1.20% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,130

Renters already here pay a median of $1,510.

Fair Market Rent a month, utilities included

Studio$810

1 bedroom$910

2 bedrooms$1,130

3 bedrooms$1,440

4 bedrooms$1,600

20%

of households rent · OH 33%

renter households

51%

of renters spend 30%+ of income on rent · OH 46%

18%

of the median income, for a two-bedroom

$1,510

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cleveland, OH 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.

The homes

80% of Homer households own their home

Half of Homer’s homes were built before 1994.

Owners and renters

Own 80%Rent 20%

Ohio: 67% own.

1994

typical home built · OH 1970

$3,387

median property tax bill · OH $2,822

1.20%

of a home’s value, a year in tax · OH 1.31%

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Homer vs. its neighbors

Homer is the 2nd least expensive of 4 neighboring towns. Tap one to see its housing page.

Spencer$328K Sullivan$296K Homer$283K Harrisville$262K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Homer	$283K*	—	$1,130	—	$76,468
Spencer	$328K	+4.6%	$1,340	—	$104,637
Sullivan	$296K	+6%	$1,070	6	$66,541
Harrisville	$262K*	+9.3%†	$1,090	—	$90,795

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.

Neighbors talk housing

What Homer buyers, sellers and renters are saying.

Town Square →

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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. 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.