Home Price Key
Affordable
Average
Expensive
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 $300,723, higher than the Michigan average of $196,062.
The average cost of rent is $2,020/mo in Lima Center, primarily driven by the current value of real estate in the Lima Center area. While nearly 26.69% of residents own their homes outright in Lima Center, 10.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lima Center is $8,530 per month. Households that rent pay about 23.68% of their income on rent here. Lima Center's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Chelsea, MI: equally priced homes
- Dexter, MI: higher priced homes
- Hudson Mills, MI: higher priced homes
- Bridgewater, MI: equally priced homes
- Manchester, MI: less expensive homes
- Waterloo, MI: equally priced homes
- Hell, MI: equally priced homes
- Barton Hills, MI: higher priced homes
- Sharon Hollow, MI: less expensive homes
- Unadilla, MI: less expensive homes
Cities with Similar Populations
- Steamburg, NY: less expensive homes
- Ellinger, TX: less expensive homes
- Elliott, MS: less expensive homes
- Emmons, MN: less expensive homes
- Empire, CO: equally priced homes
- Enterprise, PA: less expensive homes
- Ethel, OK: less expensive homes
- Fawnskin, CA: higher priced homes
- Friedheim, MO: less expensive homes
- Friesland, MN: less expensive homes
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