Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,121 people, 1,536 houses or apartments, and a median cost of homes of $197,752, house prices in Homer are solidly below the national average.
Single-family detached homes are the single most common housing type in Homer, accounting for 76.84% of the village's housing units. Other types of housing that are prevalent in Homer include duplexes, homes converted to apartments or other small apartment buildings ( 13.56%), large apartment complexes or high rise apartments ( 7.87%), and a few row houses and other attached homes ( 1.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Homer. Owner-occupied housing accounts for 74.13% of Homer's homes, and 58.54% have either three or four bedrooms, which is average sized relative to America.
The housing in Homer was primarily built before 1939 ( 49.39%), making the housing stock in Homer some of the oldest overall in America, although there is a range of ages of homes in Homer. The next most important housing age is between 1940-1969 ( 35.51%), followed by between 1970-1999 ( 9.21%). There's also some housing in Homer built between 2000 and later ( 5.89%).
Homer's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Homer during the period has been just 5.02%, which is lower than 80% of US communities.
Over the last year, Homer appreciation rates have trailed the rest of the nation. In the last twelve months, Homer's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Homer were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Homer's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Homer's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.
$197,752
for New york
for nation
1,536
$1,491 / per month