Homer, IL—61849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Homer, IL
As of Oct '25, the median home price in Homer, IL is $180,000, with a year-over-year change of 3.3%. This indicates that home prices in Homer, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | 3.3% |
| Single Family | $180,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $188,000 | 2.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Homer, IL
Homer, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Homer, IL is 44. This is a increase of 52.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $251,000 | 16.0% |
Listing Count | 5 | -46.0% |
| Listings as % of Homes | 0.6% | -46.0% |
Days on Market | 44 | 52.0% |
Demographics — Homer, IL
As of the latest ACS Survey released in 2023, Homer, IL has a population of 1,880, which has decreased by -5.9% over the past 5 years. Homer, IL is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,880 | -5.9% |
% Under 18 | 24.4% | -7.9% |
% Seniors | 17.3% | 12.3% |
% WFH | 7.3% | 32.7% |
% w/ College Degree | 17.0% | -11.9% |
As of the latest ACS Survey released in 2023, Homer, IL is a predominantly white area, with 95.5% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Homer, IL is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.1% of the population in Homer, IL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.5% | -4.1% |
% Black | 0.3% | ∞% |
% Hispanic | 1.5% | 400.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | ∞% |
Mortgage and Risk — Homer, IL
Homer, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Homer, IL
Homer, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Homer, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.6 |
| Median Home Price | $180,000 |
| Median Household Income | $95,000 |