Homer, MN
Population 189 · Minnesota
About Homer, MN
Homer is a small community located in Minnesota with a population of 189 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,250 per year, which is 8% above the national median of $75,149. The median age of 37.3 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 $283,300, which is 16% 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 $0, 100% below the national average of $1,163/month. Of the 82 total housing units, 94% are owner-occupied (60 units) and 6% are renter-occupied (4 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 6.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homer have an average one-way commute time of 23.3 minutes.
Education & Demographics
49.5% of Homer residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Homer, MN
Compared to national averages, Homer has a median household income of $81,250 (8% above the national median of $75,149). Home values average $283,300, which is 16% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Homer's income is 9% above the state average of $74,221, and home values are 39% above the state median of $204,472.
Why Live in Homer, MN?
Homer offers a strong local economy with a median household income of $81,250, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 49.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.9%, better than the national average, and short commute times averaging just 23.3 minutes.
Homer has a population of 189 with a median age of 37.3 years. Compare Homer with other cities to see how it stacks up, or explore all cities in Minnesota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Homer
What is the population of Homer, MN?
The population of Homer, MN is 189 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Homer?
The median household income in Homer, MN is $81,250 per year, which is 8% above the national median of $75,149.
What is the median home value in Homer?
The median home value in Homer, MN is $283,300, which is 16% 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, MN 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, MN 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, MN a good place to live?
Homer offers above-average incomes, a competitive housing market, and a strong job market. With a population of 189 and a median age of 37.3, the city appeals to a broad range of residents.
How educated is Homer, MN?
49.5% 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, MN: median home value is $283,300 (16% above national), median rent is $0/month, and median household income is $81,250. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homer?
The poverty rate in Homer, MN is 6.9%, 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, MN?
Homer's population is 0.0% White, 0.0% 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.