Homer, IN
Population 190 · Indiana
About Homer, IN
Homer is a small community located in Indiana with a population of 190 residents according to the latest US Census Bureau American Community Survey data. The median household income is $142,632 per year, which is 90% above the national median of $75,149. The median age of 33.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Homer features a median home value of $85,800, which is 65% below the national median of $244,900. This makes Homer one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 72 total housing units, 86% are owner-occupied (62 units) and 14% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Homer shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.4%, above the national average of 12.4%. Workers in Homer have an average one-way commute time of 28.6 minutes.
Education & Demographics
0.0% of Homer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Homer Ranks in Indiana
Cost of Living in Homer, IN
Compared to national averages, Homer has a median household income of $142,632 (90% above the national median of $75,149). Home values average $85,800, which is 65% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Homer's income is 106% above the state average of $69,330, and home values are 47% below the state median of $163,409.
Why Live in Homer, IN?
Homer offers a strong local economy with a median household income of $142,632, well above the national average, and affordable housing with a median home value of $85,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%.
Homer has a population of 190 with a median age of 33.4 years. Compare Homer with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Homer
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Beaver Dam | 189 | $52,917 | $107,900 | Compare |
| Wildwood | 191 | $64,643 | $208,300 | Compare |
| Hardinsburg | 188 | $35,250 | $111,000 | Compare |
| Rockfield | 192 | $0 | $78,000 | Compare |
| Fontanet | 187 | $0 | $289,400 | Compare |
| Harrison Lake | 193 | $0 | $788,200 | Compare |
| Lamb | 193 | $0 | $0 | Compare |
| Hortonville | 186 | $70,795 | $277,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
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, IN?
The population of Homer, IN is 190 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Homer?
The median household income in Homer, IN is $142,632 per year, which is 90% above the national median of $75,149.
What is the median home value in Homer?
The median home value in Homer, IN is $85,800, which is 65% below 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, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Homer?
The unemployment rate in Homer, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Homer, IN a good place to live?
Homer offers above-average incomes, affordable housing, and a strong job market. With a population of 190 and a median age of 33.4, the city appeals to young professionals and families.
How educated is Homer, IN?
0.0% of residents in Homer aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Homer?
Key cost-of-living indicators for Homer, IN: median home value is $85,800 (65% below national), median rent is $0/month, and median household income is $142,632. The home-value-to-income ratio is 0.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homer?
The poverty rate in Homer, IN is 17.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Homer, IN?
Homer's population is 0.0% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.