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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 TBziltATADQhz8zFy134Xt4c3ug+qfHaRVq3u3pv9ElXtejGHESVIh91UWbdD9JG
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<SEC-DOCUMENT>0000923118-03-000178.txt : 20031125
<SEC-HEADER>0000923118-03-000178.hdr.sgml : 20031125
<ACCEPTANCE-DATETIME>20031125145452
ACCESSION NUMBER:		0000923118-03-000178
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031125
FILED AS OF DATE:		20031125

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOME PROPERTIES INC
		CENTRAL INDEX KEY:			0000923118
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				161455126
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		850 CLINTON SQ
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14604
		BUSINESS PHONE:		5855464900

	MAIL ADDRESS:	
		STREET 1:		850 CLINTON SQUARE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOME PROPERTIES OF NEW YORK INC
		DATE OF NAME CHANGE:	19950210

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BALDERSTON WILLIAM III
		CENTRAL INDEX KEY:			0001142305

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13136
		FILM NUMBER:		031022944

	BUSINESS ADDRESS:	
		STREET 1:		28 WHITESTONE LANE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14610-3304
		BUSINESS PHONE:		5855464900

	MAIL ADDRESS:	
		STREET 1:		C/O HOME PROPERTIES
		STREET 2:		850 CLINTON SQUARE
		CITY:			ROCHESTER
		STATE:			NY
		ZIP:			14604
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>balderstonnov2503_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-11-25</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000923118</issuerCik>
        <issuerName>HOME PROPERTIES INC</issuerName>
        <issuerTradingSymbol>HME</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001142305</rptOwnerCik>
            <rptOwnerName>BALDERSTON WILLIAM III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>28 WHITESTONE LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ROCHESTER</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>14610-3304</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock, Par Value $.01</value>
      </securityTitle>
      <transactionDate>
         <value>2003-11-25</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>287</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>38.30</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>18049</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> Represents shares acquired under the Company's Dividend Reinvestment Plan in a transaction that is exempt from Section 16(b).</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ William Balderston, III, By Ann M. McCormick, attorney-in-fact</signatureName>
      <signatureDate>2003-11-25</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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