Homer, NE
Population 392 · Nebraska
About Homer, NE
Homer is a small community located in Nebraska with a population of 392 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,125 per year, which is 17% above the national median of $75,149. The median age of 49.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Homer features a median home value of $140,300, which is 43% 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 $683, 41% below the national average of $1,163/month. Of the 198 total housing units, 77% are owner-occupied (141 units) and 23% are renter-occupied (42 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Homer shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Homer have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
10.0% 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 1.5% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Homer, NE
Compared to national averages, Homer has a median household income of $88,125 (17% above the national median of $75,149). Home values average $140,300, which is 43% below the national median. Monthly rent at $683 is 41% below the US average of $1,163. Within Nebraska, Homer's income is 34% above the state average of $65,895, and home values are 12% above the state median of $125,824.
Why Live in Homer, NE?
Homer offers a strong local economy with a median household income of $88,125, well above the national average, and affordable housing with a median home value of $140,300, below the US average of $244,900, and rent that’s lower than the national average at $683/month. Additionally, the city features a strong job market with an unemployment rate of just 1.3%, and a low poverty rate of 3.6%, better than the national average, and short commute times averaging just 19.5 minutes.
Homer has a population of 392 with a median age of 49.5 years. Compare Homer with other cities to see how it stacks up, or explore all cities in Nebraska.
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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, NE?
The population of Homer, NE is 392 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Homer?
The median household income in Homer, NE is $88,125 per year, which is 17% above the national median of $75,149.
What is the median home value in Homer?
The median home value in Homer, NE is $140,300, which is 43% 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, NE is $683, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Homer?
The unemployment rate in Homer, NE is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Homer, NE a good place to live?
Homer offers above-average incomes, affordable housing, and a strong job market. With a population of 392 and a median age of 49.5, the city appeals to established professionals and retirees.
How educated is Homer, NE?
10.0% 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, NE: median home value is $140,300 (43% below national), median rent is $683/month, and median household income is $88,125. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Homer?
The poverty rate in Homer, NE is 3.6%, 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, NE?
Homer's population is 1.5% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.