What is the median rent in Homer, AK?

Name: Median rent in Homer, AK, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Homer, AK is $1,238 (±$58) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 809 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Homer, the median gross rent went from $1,020 in 2015–2019 to $1,238 in 2020–2024 (+21.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,238 (±$58)
Rented homes: 809 (±73)
$2,000 or more: 7.2%
Since 2015–2019: +21.4%

How much rent costs in Homer

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Homer	Kenai Peninsula Borough	Alaska	United States
Less than $500	9.8% (±3.4 points)	7.3%	4.7%	6.3%
$500 to $999	17.2% (±4.3 points)	26.9%	16.5%	20.2%
$1,000 to $1,499	44.4% (±5.5 points)	37.5%	34.4%	28.1%
$1,500 to $1,999	21.5% (±5.0 points)	19.8%	24.4%	21.1%
$2,000 to $2,499	5.3% (±2.4 points)	4.9%	12.0%	12.0%
$2,500 to $2,999	1.5% (±1.1 points)	2.1%	5.6%	5.5%
$3,000 or more	0.4% (±0.6 points)	1.5%	2.4%	6.8%

The most common range is $1,000 to $1,499, paid by 44.4% of renting households.

7.2% of rented homes in Homer cost $2,000 or more a month.

Homer against Kenai Peninsula Borough, its state and the nation

Estimate (90% margin of error)
	Homer	Kenai Peninsula Borough	Alaska	United States
Median gross rent	$1,238 (±$58)	$1,184 (±$52)	$1,419 (±$23)	$1,413
Rented homes paying rent	809 (±73)	4,966 (±385)	81,827 (±1,784)	42,849,984

In Homer, median gross rent is not measurably different from Kenai Peninsula Borough ($1,184).

It is also lower than in Alaska ($1,419).

It is lower than the national figure ($1,413).

In Kenai Peninsula Borough, Homer ranks 5 of 14 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 42 of 129.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Homer has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,020 (±$66)	$1,238 (±$58)	+21.4%	No measurable change after inflation
Households that rent	37.4% (±2.9 points)	34.0% (±2.9 points)	−3.4 percentage points	Not a measurable change
Rental vacancy rate	12.7% (±2.7 points)	7.7% (±2.5 points)	−5.0 percentage points	Measurable decrease

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Homer

Nearest places with a published estimate, compared with Homer
Place	Distance	Median gross rent	Compared with this place
Homer	—	$1,238 (±$58)	—
Kachemak	3.3 mi	$1,185 (±$115)	Not measurably different
Diamond Ridge	4.1 mi	$1,273 (±$324)	Not measurably different
Anchor Point	9.4 mi	$1,120 (±$307)	Not measurably different
Fritz Creek	10 mi	$1,125 (±$215)	Not measurably different
Seldovia	16 mi	$583 (±$299)	Lower
Kalifornsky	57 mi	$1,394 (±$92)	Higher
Soldotna	60 mi	$1,020 (±$105)	Lower
Kenai	64 mi	$1,138 (±$103)	Not measurably different

Nearby places with a measurably lower figure: Seldovia, AK ($583), Soldotna, AK ($1,020).

Nearby places with a measurably higher figure: Kalifornsky, AK ($1,394).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Kenai Peninsula Borough, place by place

Rank	Place	Median gross rent
1	Kalifornsky	$1,394 (±$92)
2	Bear Creek	$1,363 (±$842)
3	Diamond Ridge	$1,273 (±$324)
4	Sterling	$1,248 (±$480)
5	Homer	$1,238 (±$58)
6	Kachemak	$1,185 (±$115)
7	Kenai	$1,138 (±$103)
8	Seward	$1,132 (±$198)
9	Fritz Creek	$1,125 (±$215)
10	Anchor Point	$1,120 (±$307)
11	Soldotna	$1,020 (±$105)

Showing 11 of 14 places in Kenai Peninsula Borough, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Homer

What is the average rent in Homer, AK?

The Census Bureau publishes the median rather than the average: the median gross rent in Homer is $1,238 (±$58) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Homer?

In Homer, the median gross rent went from $1,020 in 2015–2019 to $1,238 in 2020–2024 (+21.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Homer cost more than $2,000 a month?

7.2% of rented homes in Homer have a gross rent of $2,000 or more a month, and 9.8% cost less than $500.

Is rent in Homer higher than in Kenai Peninsula Borough?

In Homer, median gross rent is not measurably different from Kenai Peninsula Borough ($1,184).

It is also lower than in Alaska ($1,419).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Homer city, Alaska (place:33140, in state:02).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.