Homer, Alaska
Known as the "Cosmic Hamlet by the Sea," Homer sits at the end of the Sterling Highway with stunning Kachemak Bay views. A thriving arts community, commercial fishing, and tourism drive the local economy.
Homer Housing Market at a Glance
Median Home Price
$375,000
Population
5,800+
Avg. Property Tax
1.00%
FHA Down Payment
$13,125
3.5% of median
Market Insight
Homer has a unique market — limited inventory, strong seasonal demand from tourism, and a loyal buyer base drawn to the lifestyle. Properties with bay views or Spit access command premiums. USDA eligibility in surrounding areas helps first-time buyers.
Best Loan Options for Homer Buyers
Based on Homer's median home price of $375,000, here are the loan programs that make the most sense for local buyers.
FHA Loans
As low as 3.5% down ($13,125 on a $375,000 home). Great for first-time buyers and those with credit scores 580+.
Learn about FHA loans →USDA Loans
Zero-down financing for eligible rural areas. Many areas around Homer qualify for USDA loans.
Learn about USDA loans →Conventional Loans
Starting at 3% down ($11,250 on a $375,000 home). Best rates with 20% down and strong credit.
Compare mortgage rates →AHFC Programs
Alaska Housing Finance Corporation offers state-specific programs including down payment assistance and below-market rates for Homer buyers.
Explore AHFC programs →Ready to Buy a Home in Homer?
Get pre-approved today through our trusted partner and start shopping for your Homer home with confidence.
Loans through Premier Mortgage (NMLS: 1168048)
Neighborhoods in Homer
World-class scenery (Kachemak Bay, glaciers, volcanoes), vibrant arts community, halibut fishing capital, farm-to-table dining, and a welcoming, independent-spirited community.
Resources for Homer Homeowners
In-depth guides to help you navigate buying, financing, and owning a home in Homer.
Explore Nearby Areas
Real Estate in Homer
Buying and selling guides, agent connections, and market trends for Homer — coming soon.
Browse real estate resources →Home Services in Homer
Find trusted local contractors, plumbers, electricians, and more in Homer.
Find a pro on House Escort →Disclaimer: Market data, median home prices, property tax rates, and statistics for Homer are approximate and based on publicly available sources. Actual values vary by neighborhood, property type, and market conditions. This page is for informational purposes only and does not constitute financial advice. Alaska Home HQ is not a lender. All loan applications are processed by Premier Mortgage (NMLS: 1168048). Terms · Privacy
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