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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 $98,752, lower than the Oklahoma average of $210,566.
The average cost of rent is $449/mo in Lima, primarily driven by the current value of real estate in the Lima area. In Lima, 12.87% of households rent, and 60.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lima is $4,782 per month. Households that rent pay about 9.39% of their income on rent here. Lima’s most expensive areas are in the northeastern 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
- New Lima, OK: higher priced homes
- Yeager, OK: higher priced homes
- Seminole, OK: higher priced homes
- Bowlegs, OK: equally priced homes
- Wewoka, OK: less expensive homes
- Dixon, OK: equally priced homes
- Cromwell, OK: higher priced homes
- Maud, OK: equally priced homes
- Earlsboro, OK: higher priced homes
- Schoolton, OK: higher priced homes
Cities with Similar Populations
- Forward, WI: higher priced homes
- Sutton, NH: higher priced homes
- Summerfield, OK: higher priced homes
- Georgetown, CT: higher priced homes
- Gaines, PA: higher priced homes
- Funston, NC: higher priced homes
- Frontier, MI: higher priced homes
- Fredville, MO: higher priced homes
- Fredonia, AL: higher priced homes
- Sycamore, SC: less expensive homes
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