Is Homer, NY a good place to invest in rental property?

Homer, NY has a median modeled monthly cash flow of $-514 and a median cap rate of 3.4%, on a median sold price of $244,400. Prices changed +16.7% year over year.

What is the average cap rate in Homer, NY?

The median cap rate across recently sold homes in Homer, NY is 3.4%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Homer, NY?

The median sold price in Homer, NY is $244,400 (about $143 per square foot).

Investing in Homer, NY Real Estate

A data-driven snapshot of the Homer, NY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$244,400Median sold price

$143Median $/sqft

3.4%Median cap rate

$-514Modeled cash flow / mo

+16.7%Appreciation YoY

8.7Months of supply

39Active listings

54Sold (last 12 mo)

What the Homer numbers say

In Homer, NY, the median home sold for $244,400 (about $143 per square foot), and the typical deal models out to a 3.4% cap rate with a median $-514 of monthly cash flow. Sold prices moved +16.7% over the past year. Inventory sits at about 8.7 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New York markets to compare

See Homer cash-flowing listings

CashFlowRE ranks every for-sale home in Homer, NY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Homer deals, or browse the national market data.