Homer, NY—13077
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homer, NY
As of Oct '25, the median home price in Homer, NY is $219,000, with a year-over-year change of 4.7%. This indicates that home prices in Homer, NY are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $219,000 | 4.7% |
| Single Family | $219,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $185,000 | 4.5% |
3 Bed | $213,000 | 4.4% |
4 Bed | $244,000 | 5.2% |
| 5 Bed | $302,000 | 2.4% |
% of Housing Stock
Rental Trends — Homer, NY
As of July '25, Rentcast reports the average rent in Homer, NY is $1,220, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Homer, NY is 1-bedrooms: $1,220. The most common rental property sizes in Homer, NY are 2-bedroom and 3-bedroom, accounting for 29.0% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,220 | $1,220 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Homer, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Homer, NY is 32. This is a decrease of -70.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | 3.0% |
Listing Count | 21 | 30.0% |
| Listings as % of Homes | 0.5% | 30.0% |
Days on Market | 32 | -70.0% |
Demographics — Homer, NY
As of the latest ACS Survey released in 2023, Homer, NY has a population of 6,570, which has decreased by -8.0% over the past 5 years. Homer, NY is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,570 | -8.0% |
% Under 18 | 18.9% | -16.4% |
% Seniors | 23.4% | 44.4% |
% WFH | 5.8% | 65.7% |
% w/ College Degree | 38.3% | 33.9% |
As of the latest ACS Survey released in 2023, Homer, NY is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Homer, NY is asian, making up 2.1% of the population. Foreign-born residents account for 2.0% of the population in Homer, NY, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.6% | -1.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.1% | -88.9% |
% Asian | 2.1% | 10.5% |
% Foreign Born | 2.0% | -16.7% |
Mortgage and Risk — Homer, NY
According to HUD data as of 2023, there were 132 mortgage originations in Homer, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Homer, NY. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 132 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Homer, NY
Homer, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$220 | $1,220 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $2,060 |
Affordability — Homer, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $219,000 |
| Median Household Income | $70,100 |