Market Overview
Home Prices in Homer, MI
The median home value in Homer, MI is $191,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Homer are priced53% below average. Homer is part of the Battle Creek, MI metro area.
Over the past five years, Homer home values have risen by approximately15.0%, reflecting steady appreciation in this market.
Price History
Homer Home Price Trend
2020
$138,439
$138K
—
2021
$166,457
$166K
+20.2%
2022
$192,115
$192K
+15.4%
2023
$179,891
$180K
-6.4%
2024
$195,031
$195K
+8.4%
2025
$189,787
$190K
-2.7%
2026
$191,406
$191K
+0.9%
City Comparison
Homer vs. National Median
🏠 Homer
$191,406
National Median
$410,000
At $191,406, homes in Homer cost 53% 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
$38,281
on $191,406
Monthly P&I
$998/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,267/mo
incl. taxes & insurance
Income Needed
$50,680
gross annual (30% rule)
10% Down Option
$19,141
+ PMI applies
Loan Amount (20% dn)
$153,125
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, MI?
The median home value in Homer is $191,406 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Homer?
Over the past year, home values in Homer have increased by 0.9%. Over five years, prices have risen approximately 15.0%.
How much do I need to earn to buy a home in Homer?
To comfortably afford the median home price of $191,406 with a 20% down payment ($38,281) at today's rates (6.8%), you'd need a gross annual income of approximately $50,680. 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 $191,406, homes in Homer are 53% below the national average.
What metro area is Homer part of?
Homer is part of the Battle Creek, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.