Why Live in Homer
Homer, located on the southwestern coast of Alaska’s Kenai Peninsula, is a unique blend of coastal lifestyle and convenience. The Homer Spit, a narrow land extension into Kachemak Bay, is lined with shops, galleries, and boardwalks, making it a focal point for local activities. Known for its halibut fishing, Homer also offers a variety of things to do, including hiking, fishing, kayaking, and bear viewing. Kachemak Bay State Park provides remote trails and backcountry camping, while Bishop’s Beach and the Calvin & Coyle Trail offer scenic relaxation and hiking opportunities. Karen Hornaday Park features a playground, picnic areas, and hosts summer concerts. Housing in Homer includes single-family cabins and ranch-style homes, many with bay views, and newer custom builds. The local culinary scene is diverse, with dining options like the Saltry Restaurant, AJ’s OldTown Steakhouse, and Captain Pattie’s Fish House. Essential shopping needs are met by stores like Ulmer's Drug and Hardware and Safeway. Schools in the Kenai Peninsula Borough School District, including Paul Banks Elementary, West Homer Elementary, Homer Middle, and Homer High, are highly rated. Community events such as the Kachemak Bay Shorebird Festival and Salmonfest highlight the town’s artistic and wildlife appreciation. Despite its remote location, Homer is accessible via Sterling Highway, the Alaska Marine Highway ferry system, and Homer Airport, which offers regional flights, including a quick trip to Anchorage.
Frequently Asked Questions
What is the average home price in Homer, AK?
Homes for sale in Homer, AK have an average home price of $686,956.
Are home prices dropping in Homer?
Yes, home prices in Homer are down 2% in the last 12 months.
How many homes have sold over the last 12 months in Homer, AK?
110 homes have sold in Homer, AK over the last 12 months.
What are the most popular zip codes in Homer, AK?
The most popular zip codes in Homer, AK include
99603 and
99556.
How much do you need to make to afford a house in Homer?
The median home price in Homer is $499,000. If you put a 20% down payment of $99,800 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,590 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $111K a year to afford the median home price in Homer.
How are the schools in Homer, AK?
Home Trends in Homer, AK
On average, homes in Homer, AK sell after 107 days on the market compared to the national average of 50 days. The median sale price for homes in Homer, AK over the last 12 months is $444,500, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$444,500
Median Single Family Sale Price
$467,500
Average Price Per Sq Ft
$310
Number of Homes for Sale
78
Last 12 months Home Sales
110
Median List Price
$499,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
