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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 $216,789, lower than the New York average of $610,895.
The average cost of rent is $858/mo in Lima, primarily driven by the current value of real estate in the Lima area. In Lima, 17.45% of households rent, and 41.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lima is $6,753 per month. Households that rent pay about 12.70% of their income on rent here. Lima’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Bloomfield, NY: higher priced homes
- West Bloomfield, NY: less expensive homes
- Sibleyville, NY: higher priced homes
- South Lima, NY: equally priced homes
- East Avon, NY: equally priced homes
- Honeoye Falls, NY: higher priced homes
- Avon, NY: less expensive homes
- Ionia, NY: higher priced homes
- South Bloomfield, NY: less expensive homes
- Lakeville, NY: higher priced homes
Cities with Similar Populations
- Angels, CA: higher priced homes
- Shiner, TX: equally priced homes
- Rice, TX: less expensive homes
- Provincetown, MA: higher priced homes
- Pittsfield, ME: less expensive homes
- Panorama Village, TX: higher priced homes
- Meroney, AR: less expensive homes
- McClure, PA: less expensive homes
- Madison, WV: less expensive homes
- Lincoln, ND: higher priced homes
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