Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lima area can be challenging. Home prices in Lima are now at a median cost of $191,700, lower than the Montana average of $298,413.
The average cost of rent is $629/mo in Lima, primarily driven by the current value of real estate in the Lima area. While nearly 64.29% of residents own their homes outright in Lima, 29.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lima is $4,514 per month. Households that rent pay about 13.93% of their income on rent here. Lima's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Dell, MT: equally priced homes
- Monida, MT: higher priced homes
- Spencer, ID: less expensive homes
- Grant, MT: equally priced homes
- Lidy Hot Springs, ID: less expensive homes
- Dubois, ID: less expensive homes
- Leadore, ID: less expensive homes
- Dillon, MT: higher priced homes
- Lone Pine, ID: less expensive homes
- Bannack, MT: higher priced homes
Cities with Similar Populations
- South Creek, WA: higher priced homes
- Jackson, ME: less expensive homes
- Jady Hill, NH: higher priced homes
- James, MS: less expensive homes
- Jamesville, VA: higher priced homes
- Java, SD: less expensive homes
- Jeffers, MT: higher priced homes
- Simmonsville, SC: less expensive homes
- Snyderville, NY: higher priced homes
- South Buffalo, KY: less expensive homes
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