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Homer, AK
Full City Profile · Alaska · Kenai Peninsula Borough County
3.3
/5.0
B
Good
5,750
Population
417/sq mi density
$73,723
Median Income
$44,386 per capita
$363,700
Home Value
$406,053 Zillow
$1,230
Median Rent
31.8% income on rent
37°F
Avg Temperature
269 sunny days/yr
203
Violent Crime/100K
2,469 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$73,723 median income, 5.2% unemployment
B+
Affordability
3.9 / 5.0
$363,700 home value, $1,230/mo rent
F
Safety
1.0 / 5.0
203 violent crimes/100K
A
Education
4.2 / 5.0
40.6% bachelor's degree or higher
Housing Overview
Median Home Value
$363,700
29% above
US avg: $281,900
Median Rent
$1,230/mo
6% above
US avg: $1,163/mo
Homeownership Rate
68.4%
5% above US avg (65.4%)
Total Housing Units
2,941
Median year built: 1989
Home Value by Source
Census Median
$363,700
Zillow (ZHVI)
$406,053
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
68.4%
Owner-Occupied
31.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,061/mo
1 Bedroom
$1,194/mo
2 Bedroom
$1,467/mo
3 Bedroom
$1,941/mo
4 Bedroom
$2,304/mo
Census median rent:
$1,230/mo
Affordability & Housing Stock
Rent Burden
31.8%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
68.4%
Complete Housing Data
Home Values
| Census Median Value | $363,700 |
| Zillow Home Value (ZHVI) | $406,053 |
Rent
| Census Median Rent | $1,230 |
| FMR Studio | $1,061 |
| FMR 1-Bedroom | $1,194 |
| FMR 2-Bedroom | $1,467 |
| FMR 3-Bedroom | $1,941 |
| FMR 4-Bedroom | $2,304 |
Market
Ownership & Stock
| Owner-Occupied | 68.4% |
| Renter-Occupied | 31.6% |
| Homeownership Rate | 68.4% |
| Total Housing Units | 2,941 |
| Median Year Built | 1989 |
| Rent Burden | 31.8% |