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Cheap Homes in Homer, AK

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Homer, AK Foreclosures

How much do homes sell for in Homer, AK?
The average home price is currently $463,135.
What’s the average rental cost in Homer, AK?
The average rental price in Homer is $1,701.
What is the most expensive home in Homer?
The most expensive home sold in Homer had a price of $6,039,570.
What is currently the cheapest priced home in Homer, AK?
The cheapest home for sale in Homer is priced at $15,045.

Living in Homer, AK

Homer, Alaska is a picturesque coastal town known for its stunning natural beauty, vibrant arts scene, and outdoor recreational opportunities. This charming community offers a tranquil lifestyle with easy access to pristine wilderness. Homer is famous for its halibut fishing, breathtaking views of Kachemak Bay, and welcoming atmosphere, making it a perfect place for both residents and visitors alike.

Current Market Conditions in Homer, AK

The real estate market in Homer has shown steady growth due to its attractive lifestyle options and breathtaking surroundings. The demand for homes has remained strong as more people are seeking to relocate to areas with natural beauty and outdoor opportunities. Many buyers are attracted to the market due to the potential for vacation rentals or second homes, given the area's tourism appeal.

Home prices have experienced some fluctuations, but overall, purchasing a property in Homer is viewed as a solid investment given the area's desirability and lifestyle offerings. As tourism continues to grow, the real estate market is anticipated to remain favorable for both buyers and sellers.

Home Value Estimator For Homer, AK

There are currently 5,213 real estate properties in Homer, AK, with a median automated valuation model (AVM) price of $427,724.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Homer, AK, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Homer, AK, is $463,135.00, with the most expensive house in Homer, AK, topping out at $6,039,570.00 and the cheapest home in Homer, AK, clocking in at $15,045.00. In other words, there’s something for every potential homebuyer or savvy investor in Homer, AK!

Rent Prices In Homer, AK

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Homer, AK, is on a rollercoaster ride. The average rent price in Homer, AK, is $1,701.00. Indeed, when looking to rent in Homer, AK, you can expect to pay as little as $710.00 or as much as $3,660.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Homer, AK -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Homer, AK


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