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These days, finding an affordable place to live in the Lima Center area can be challenging. Home prices in Lima Center are now at a median cost of $381,734, higher than the Michigan average of $250,415.
The average cost of rent is $2,390/mo in Lima Center, primarily driven by the current value of real estate in the Lima Center area. In Lima Center, 10.12% of households rent, and 21.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lima Center is $9,925 per month. Households that rent pay about 24.08% of their income on rent here. Lima Center’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Chelsea, MI: equally priced homes
- Dexter, MI: higher priced homes
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- Manchester, MI: less expensive homes
- Waterloo, MI: equally priced homes
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- Sharon Hollow, MI: less expensive homes
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Cities with Similar Populations
- Steamburg, NY: less expensive homes
- Ellinger, TX: equally priced homes
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- Emmons, MN: less expensive homes
- Empire, CO: equally priced homes
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- Ethel, OK: less expensive homes
- Fawnskin, CA: higher priced homes
- Friedheim, MO: less expensive homes
- Friesland, MN: less expensive homes
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