Home

Homer, MI Real Estate


According to census data in the year 2000 there were 755 housing units in Homer. This represents a 10.2% growth from 685 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 755 were located in what is classified as a rural area.

Homeownership rate in Homer is about 71.2%. Homer's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Homer were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.10%
Two Bedrooms34.20%
Three Bedrooms42.10%
Four Bedrooms10.20%
Five Bedrooms or more4.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.91
Median year structure was built1944
Median Value of occupied units$67,700

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1967
Median Monthly Rent asked for vacant units$369

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.60%
Home Equity Loan4.30%
Simple Mortgage46.40%
Debt Free42.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.4%