Homer, AK

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Homer short-term rental market based on reliable data.

Listings

267 / 751

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$27,440

Middle-Earners Revenue

Occupancy

54%

Middle-Earners Occupancy

Home Value

$426,497

Median Home Sale Price

Top Earners

$57,267

Top-Earners Revenue

Homer

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Homer.

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A

Very Investor friendly

Homer Regulations

Seldovia has no specific STR ordinances, making STRs effectively permitted citywide without caps, strict zoning limits, or special fees. The main requirements are a simple municipal business license plus standard state lodging, sales, and business registrations—minimal compliance burden. While future changes could add risk, the current environment is highly investor-friendly.

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About Homer

Homer is a small coastal city on the southern shore of Alaska's Kenai Peninsula, located in the Kenai Peninsula Borough. With an approximate population of around 5,000 residents, it has earned a reputation as a working fishing port and a creative community often nicknamed the "Cosmic Hamlet by the Sea" for its concentration of artists, musicians, and writers. The town is best known as the "Halibut Fishing Capital of the World" and as a launching point for exploring Kachemak Bay, the surrounding wilderness, and farther-flung destinations like bear-viewing country. Homer sits about 220 miles southwest of Anchorage, a drive of roughly four to five hours along the scenic Sterling Highway, which winds down the Kenai Peninsula through forests, mountains, and along Cook Inlet.

The Homer Spit is the city's most iconic feature, a long, narrow finger of land jutting roughly four and a half miles into Kachemak Bay. Lined with fishing charters, seafood markets, small hotels, campgrounds, kayak rentals, and seafood restaurants, the Spit serves as Homer's recreational and commercial heart, where visitors can book halibut or salmon trips, watch sea otters and eagles, or simply walk the beaches with views of glaciers across the water.

Directly across Kachemak Bay from Homer lies Kachemak Bay State Park, Alaska's first state park and one of the largest. Accessible only by boat or water taxi from the Homer Spit, the park offers hiking trails, remote coves, sea kayaking, and the chance to spot sea otters, puffins, harbor seals, and occasionally humpback whales. The town of Seldovia, a small community across the bay, is a popular side trip reached by the state ferry or a short boat ride.

Homer also functions as a major staging point for trips into Katmai National Park and Preserve, famous for its brown bear viewing at places like Brooks Falls. Day or multi-day floatplane trips depart from Homer's airport to bring visitors face-to-face with coastal brown bears in one of North America's most celebrated wildlife destinations.

Back in town, the Pratt Museum offers exhibits on local history, Native traditions, and the natural environment of the Kachemak Bay region, while the Alaska Islands and Ocean Visitor Center provides interpretive programs on the surrounding marine wildlife refuges. Together, these institutions give visitors a deeper context for the landscape they have come to explore.

Homer's combination of dramatic scenery, world-class fishing, a vibrant arts scene, and easy access to remote wilderness makes it a year-round draw for outdoor enthusiasts, anglers, and travelers seeking an off-the-beaten-path Alaska experience. For short-term rental owners, the city's appeal as a four-season base for adventure tourism, paired with a steady flow of summer visitors and a quieter but still active shoulder season, creates a market rooted in both activity-driven travel and the simple allure of life on the edge of the continent.

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