Commercial Real Estate Market in Homer, AK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
63 active listings and 556 off-market properties in Homer, AK.
Market Trends
Homer, AK spans 1,068.8 square miles in Kenai Peninsula County, Alaska. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Homer, AK runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Homer, AK runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Homer, AK runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Homer, AK runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 61.3%
- Open space 12.2%
- Industrial 12.1%
- Commercial 7.1%
- Mixed use 6.6%
- Civic 0.7%
Largest Zones share of zoned land by district
Rural Residential
General Commercial 2
Urban Residential
Conservation
Open Space Recreational
Homer, AK zones 9,452 acres across 14 districts. Commercial zoning covers 7.1% of zoned land, residential 61.3%, open space 12.2% and industrial 12.1%. The largest single district is Rural Residential at 54.3%. For commercial buyers the practical constraint is that only 19.2% of land carries a commercial or industrial designation.
Rural Residential (RR)
RR Urban residential ������������������������������������������ UR Central business district ������������������������������ CBD Town center district ������������������������������������� TCD Gateway business district ���������������������������� GBD General commercial 1 ��������������������������������� GC1 General commercial 2 ������������������������������…
Market overview
Demographics & Economy
Homer, AK has 10,766 residents in 6,251 households. Density runs 10 people per square mile. Median household income here is $76,368 and median gross rent $1,236 a month.
10,766
Population
6,251
Households
1.7
Avg Household Size
43
Median Age
39%
College-Educated
94%
High-School Grad
1068.8 sq mi
ZIP Area
10
Density / Sq Mi
$76,368
Median Household Income
$41,530
Median Earnings
$1,236
Median Rent
$345,600
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Homer?
Commercial property in Homer, AK asks an average of $582 per square foot.
What zoning applies to commercial property in Homer?
Homer, AK zones 9,452 acres across 14 districts, of which 7.1% is commercial and 12.1% industrial. The largest single district is Rural Residential at 54.3% of zoned land. RR Urban residential ������������������������������������������ UR Central business district ������������������������������ CBD Town center district ������������������������������������� TCD Gateway business district ���������������������������� GBD General commercial 1 ��������������������������������� GC1 General commercial 2 ������������������������������… Residential zoning covers 61.3% and open space 12.2%.
Where does Realmo's Homer market data come from?
Realmo compiles Homer, AK figures from 62 active sale listings, 1 active lease listings, 556 tracked off-market properties, the current Homer zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 1 active for-lease listings in Homer, AK. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 9,452 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
