Homer, AK Profile: Facts & Data

The City of Homer had a population of 5,735 as of July 1, 2024. Homer ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Alaska. See peer rankings below.

The primary coordinate point for Homer is located at latitude 59.6425 and longitude -151.5483 in Kenai Peninsula Borough. The formal boundaries for the City of Homer encompass a land area of 13.83 sq. miles and a water area of 12.98 sq. miles. Kenai Peninsula Borough is in the Alaska time zone (GMT -9).

The City of Homer has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Homer is located within the Kenai-Cook Inlet Census Subarea of Kenai Peninsula Borough. Census subareas are statistical subdivisions of the county equivalents used in Alaska (boroughs, city and boroughs, municipalities, and census areas) and are the statistical equivalent of Micro Civil Divisions (MCDs) used in other states.

Homer, AK Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	5,735 (100%)
Population in Households	5,560 (96.9%)
Population in Families	4,095 (71.4%)
Population in Group Quarters¹	175 ( 3.1%)
Population Density	416
Diversity Index²	37


INCOME
Median Household Income	$74,749
Average Household Income	$99,192
% of Income for Mortgage⁴	33%
Per Capita Income	$43,406
Wealth Index⁵	87
Socioeconomic Status Index⁶	Moderate (49.1)

HOUSING
Total HU (Housing Units)	3,015 (100%)
Owner Occupied HU	1,614 (53.5%)
Renter Occupied HU	893 (29.6%)
Vacant Housing Units	508 (16.8%)
Median Home Value	$395,415
Average Home Value	$452,478
Housing Affordability Index³	78

HOUSEHOLDS
Total Households	2,507
Average Household Size	2.22
Family Households	1,428
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Homer, AK - Peer Comparisons by Rank and Percentile

The table below compares Homer to the other 353 incorporated cities, towns and CDPs in Alaska by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.89%	0.47%
Households	1.19%	0.89%
Families		0.58%
Median Household Income		1.43%
Per Capita Income		2.43%
Owner Occupied HU		1.75%

Variable Description	Rank	Percentile
Total Population	# 21	94th
Population Density	# 24	93rd
Median Household Income	# 124	65th
Housing Affordability Index	# 194	55th
Per Capita Income	# 70	80th
Diversity Index	# 207	42nd

Homer, AK Profile: Facts & Data

Homer, Alaska - Basic Facts

Homer, AK Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Homer, AK - Peer Comparisons by Rank and Percentile

Homer, AK - Most Popular Things to Do

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