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 $120,936, lower than the Ohio average of $181,280.
The average cost of rent is $809/mo in Lima, primarily driven by the current value of real estate in the Lima area. While nearly 39.83% of residents own their homes outright in Lima, 35.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lima is $4,777 per month. Households that rent pay about 16.94% of their income on rent here. Lima's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Fort Shawnee, OH: higher priced homes
- Elida, OH: higher priced homes
- Yoder, OH: higher priced homes
- Slabtown, OH: higher priced homes
- Kemp, OH: higher priced homes
- Cairo, OH: equally priced homes
- Cridersville, OH: higher priced homes
- Rousculp, OH: higher priced homes
- Gomer, OH: higher priced homes
- Hume, OH: higher priced homes
Cities with Similar Populations
- Ypsilanti, MI: higher priced homes
- Yuba City, CA: higher priced homes
- Youngstown, OH: less expensive homes
- Yukon, OK: higher priced homes
- Yuma, AZ: higher priced homes
- York, PA: higher priced homes
- Yonkers, NY: higher priced homes
- Yakima, WA: higher priced homes
- Woodbury, MN: higher priced homes
- Winchester, VA: higher priced homes
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