Commercial Real Estate Market in Homer, NY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
14 active listings and 200 off-market properties in Homer, NY. Commercial property asks $142/SF to buy and $21.00/SF/Yr to lease.
Market Trends
Homer, NY spans 68.6 square miles in Cortland County, New York. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Homer, NY asks $118/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail vacancy in Homer, NY runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Homer, NY runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Homer, NY asks $87/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Market overview
Demographics & Economy
Homer, NY has 6,446 residents in 3,245 households. Density runs 94 people per square mile. Median household income here is $70,111 and median gross rent $1,133 a month.
6,446
Population
3,245
Households
2
Avg Household Size
44
Median Age
38%
College-Educated
95%
High-School Grad
68.6 sq mi
ZIP Area
94
Density / Sq Mi
$70,111
Median Household Income
$46,073
Median Earnings
$1,133
Median Rent
$168,800
Median Home Value
Tools
Nearby Markets
Commercial property in Homer, NY asks $142/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Homer?
Commercial property in Homer, NY asks an average of $142 per square foot. The 4 most recent recorded sales traded at a median of $73/SF, so asking sits 95% above the achieved median. Office carries the highest asking price at $118/SF.
How much does it cost to lease commercial space in Homer?
Asking lease rates in Homer, NY average $21.00 per square foot per year.
Where does Realmo's Homer market data come from?
Realmo compiles Homer, NY figures from 5 recent recorded sales, 13 active sale listings, 1 active lease listings, 200 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 1 active for-lease listings in Homer, NY. 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.
- 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 Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast 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 · report a data issue
