Market Overview
Home Prices in Homer, LA
The median home value in Homer, LA is $88,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 19.3% compared to a year ago and down 16.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homer are priced78% below average.
Over the past five years, Homer home values have fallen by approximately58.0%, reflecting softening conditions in this market.
Price History
Homer Home Price Trend
2020
$295,819
$296K
—
2021
$211,778
$212K
-28.4%
2022
$188,193
$188K
-11.1%
2023
$165,524
$166K
-12.0%
2024
$131,163
$131K
-20.8%
2025
$110,064
$110K
-16.1%
2026
$88,871
$89K
-19.3%
City Comparison
Homer vs. National Median
🏠 Homer
$88,871
National Median
$410,000
At $88,871, homes in Homer cost 78% below the national median of $410,000. This makes Homer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Homer?
20% Down Payment
$17,774
on $88,871
Monthly P&I
$463/mo
30-yr @ 6.8%
Total Monthly Est.
~$588/mo
incl. taxes & insurance
Income Needed
$23,520
gross annual (30% rule)
10% Down Option
$8,887
+ PMI applies
Loan Amount (20% dn)
$71,097
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Homer, LA?
The median home value in Homer is $88,871 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 19.3% year-over-year.
How much have home prices changed in Homer?
Over the past year, home values in Homer have decreased by 19.3%. Over five years, prices have fallen approximately 58.0%.
How much do I need to earn to buy a home in Homer?
To comfortably afford the median home price of $88,871 with a 20% down payment ($17,774) at today's rates (6.8%), you'd need a gross annual income of approximately $23,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Homer compare to the national average home price?
The national median home value is approximately $410,000. At $88,871, homes in Homer are 78% below the national average.