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ZipNumbers

Michigan · Census place 38920

Homer village, MI

Quick answer

Homer village has 1,584 residents, ranking #351 of 745 places in Michigan. Median household income is $49,271, the median home is worth $119,600 and median gross rent runs $734 a month.

Population
1,584Homer village residents
Median household income
$49,271Past 12 months, inflation adjusted
Median home value
$119,600Owner-occupied units
Median gross rent
$734Rent plus utilities, monthly
Median age
30 yrsAll residents
Homeownership rate
63.7%Owner-occupied households

What the numbers mean in Homer village

Housing cost measured against local earnings.

A household earning the Homer village median would spend about 17.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.3% of residents and 63.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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