Homer City, PA Profile: Facts & Data

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Homer City, Pennsylvania - Basic Facts

The Borough of Homer City had a population of 1,577 as of July 1, 2020. Homer City ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.

The primary coordinate point for Homer City is located at latitude 40.5434 and longitude -79.1623 in Indiana County. The formal boundaries for the Borough of Homer City encompass a land area of 0.55 sq. miles and a water area of 0.01 sq. miles. Indiana County is in the Eastern time zone (GMT -5). The elevation is 1,014 feet.

The Borough of Homer City (GNIS ID: 1215289) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Alternate Unofficial Names for Homer City: Homer, Philips Mills.

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Homer City, PA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,577 (100%)
Population in Households 1,574 (99.8%)
Population in Families 1,200 (76.1%)
Population in Group Quarters1 3 ( 0.2%)
Population Density 2,856
Diversity Index2 5
 
 

INCOME

Median Household Income $48,354
Average Household Income $59,089
% of Income for Mortgage4 8%
Per Capita Income $27,879
Wealth Index5 49
 

HOUSING

Total HU (Housing Units) 805 (100%)
Owner Occupied HU 468 (58.1%)
Renter Occupied HU 276 (34.3%)
Vacant Housing Units 61 ( 7.6%)
Median Home Value $95,565
Average Home Value $109,562
Housing Affordability Index3 220
 

HOUSEHOLDS

Total Households 744
Average Household Size 2.12
Family Households 442
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.77% -0.75%
Households -0.53% -0.57%
Families -0.68% -0.69%
Median Household Income   1.62%
Per Capita Income   2.3%
Owner Occupied HU   -0.26%

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Homer City, PA - Peer Comparisons by Rank and Percentile

The table below compares Homer City to the other 1,761 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 739 58th
Population Density # 456 74th
Median Household Income # 1281 27th
Housing Affordability Index # 1081 61st
Per Capita Income # 987 44th
Diversity Index # 1523 14th

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.

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