The story of this market
The typical home in ZIP 99603 sells for about $524,844, or $328 per square foot.
Prices are up +13.8% from a year ago, so sellers still have some momentum. Homes take about 108 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,390 a month.
ZIP 99603 — Homer
The 99603 housing market is showing signs of competitiveness with a significant year-over-year increase in median sale prices. While sales volume has decreased, the market remains active with homes spending an average of 108 days on the market. Several metrics, including rent and specific tax data, are not currently published for this ZIP code.
This area is suitable for those seeking a quiet, forested setting in the Homer, Alaska region, appealing to individuals who value a shorter commute and a smaller community environment.
Median prices moved up 13.8% year over year.
Homes spend a median of 108 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 11.8% — a stable, low-distress profile.
ZCTA 99603, Kenai Peninsula Borough, Alaska
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alaska) — Municipal Property Tax: Tax is calculated as (Assessed Value - Exemptions) * Mill Rate. Municipalities are authorized to levy taxes and impose liens for enforcement. Exemptions include mandatory state-required exemptions (e.g., for certain residents) and optional local exemptions. State (Alaska) — Mandatory Property Tax Exemptions: Exemption of the first $150,000 of assessed value from municipal property taxation. State (Alaska) — Municipal Property Tax: Tax is calculated by multiplying the assessed value of the property by the local mill rate. State law mandates a mandatory exemption of the first $150,000 of assessed value for senior citizens (65+) and disabled veterans (50%+ service-connected disability). State (Alaska) — Optional Municipal Residential / Homestead Exemption Authorization: Allows municipal taxing bodies to exempt a percentage of the assessed value (commonly up to 20%, often capped at $50,000, as implemented in jurisdictions like Anchorage) for owner-occupied primary residences. State (Alaska) — Statewide Senior Citizen and Disabled Veteran Property Tax Exemption: Mandates that municipalities exempt the first $150,000 of assessed property value from ad valorem taxation. Formula: Taxable Value = Max(0, Assessed Value - $150,000).
The mean commute time for residents is approximately 12.2 minutes.
The local economy is centered around the Homer area within the Kenai Peninsula Borough, with income levels slightly higher than the borough average.
Data sourced from Census Reporter profile for Homer, AK.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.