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 $313,692, higher than the Pennsylvania average of $222,630.
The average cost of rent is $2,556/mo in Lima, primarily driven by the current value of real estate in the Lima area. While nearly 41.25% of residents own their homes outright in Lima, 51.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lima is $5,914 per month. Households that rent pay about 43.21% of their income on rent here. Lima's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Chester Heights, PA: less expensive homes
- Media, PA: higher priced homes
- Aston, PA: less expensive homes
- Rose Valley, PA: higher priced homes
- Glen Mills, PA: higher priced homes
- Cheyney, PA: higher priced homes
- Wallingford, PA: equally priced homes
- Brookhaven, PA: less expensive homes
- Newtown Square, PA: higher priced homes
- Thornton, PA: higher priced homes
Cities with Similar Populations
- Wellington, KY: less expensive homes
- Brownton, MN: less expensive homes
- Buckingham, VA: less expensive homes
- Oakland, MS: less expensive homes
- Rayville, MO: less expensive homes
- Raymond, OH: less expensive homes
- Rawson, OH: less expensive homes
- Raphine, VA: less expensive homes
- Rangeley, ME: less expensive homes
- Ramsey, IN: less expensive homes
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