Homer, AK
Population 5,750 · Alaska
About Homer, AK
Homer is a small town located in Alaska with a population of 5,750 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,723 per year, which is 2% below the national median of $75,149. The median age of 40 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Homer features a median home value of $363,700, which is 49% above the national median of $244,900. This positions Homer in a moderately priced market relative to the rest of the country. Median monthly rent is $1,230, 6% above the national average of $1,163/month. Of the 2,984 total housing units, 68% are owner-occupied (1,638 units) and 32% are renter-occupied (755 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Homer shows an unemployment rate of 8.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homer have an average one-way commute time of 12.3 minutes, one of the shorter commutes in the region.
Education & Demographics
40.6% of Homer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.9% White, 12.1% Hispanic or Latino, 0.3% Black or African American, and 3.6% Asian residents, with 4.1% of the population being foreign-born.
How Homer Ranks in Alaska
Cost of Living in Homer, AK
Compared to national averages, Homer has a median household income of $73,723 (2% below the national median of $75,149). Home values average $363,700, which is 49% above the national median. Monthly rent at $1,230 is 6% above the US average of $1,163. Within Alaska, Homer's income is 9% above the state average of $67,815, and home values are 79% above the state median of $203,729.
Why Live in Homer, AK?
Homer offers a well-educated community where 40.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 11.8%, better than the national average, and short commute times averaging just 12.3 minutes.
Potential considerations include median household income ($73,723) that falls below the national average. However, Homer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Homer has a population of 5,750 with a median age of 40 years. Compare Homer with other cities to see how it stacks up, or explore all cities in Alaska.
Similar Cities Near Homer
Cities in Alaska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Steele Creek | 5,861 | $117,260 | $331,200 | Compare |
| Chena Ridge | 5,927 | $140,722 | $411,600 | Compare |
| Kodiak | 5,497 | $71,373 | $314,800 | Compare |
| Fishhook | 5,461 | $101,518 | $361,900 | Compare |
| South Lakes | 6,132 | $89,632 | $367,700 | Compare |
| Palmer | 6,141 | $70,550 | $275,900 | Compare |
| Bethel | 6,313 | $109,718 | $354,400 | Compare |
| Farmers Loop | 4,887 | $103,635 | $262,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alaska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Homer With Other Cities
Frequently Asked Questions about Homer
What is the population of Homer, AK?
The population of Homer, AK is 5,750 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Alaska.
What is the median household income in Homer?
The median household income in Homer, AK is $73,723 per year, which is 2% below the national median of $75,149.
What is the median home value in Homer?
The median home value in Homer, AK is $363,700, which is 49% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Homer?
The median monthly rent in Homer, AK is $1,230, which is 6% above the national average of $1,163/month.
What is the unemployment rate in Homer?
The unemployment rate in Homer, AK is 8.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Homer, AK a good place to live?
Homer offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 5,750 and a median age of 40, the city appeals to a broad range of residents.
How educated is Homer, AK?
40.6% of residents in Homer aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Homer?
Key cost-of-living indicators for Homer, AK: median home value is $363,700 (49% above national), median rent is $1,230/month, and median household income is $73,723. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Homer?
The poverty rate in Homer, AK is 11.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Homer, AK?
Homer's population is 1.9% White, 12.1% Hispanic or Latino, 0.3% Black or African American, 3.6% Asian, and 0.3% two or more races. 4.1% of residents are foreign-born.