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These days, finding an affordable place to live in the New Lyme area can be challenging. Home prices in New Lyme are now at a median cost of $183,848, lower than the Ohio average of $236,816.
The average cost of rent is $975/mo in New Lyme, primarily driven by the current value of real estate in the New Lyme area. In New Lyme, 26.37% of households rent, and 52.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Lyme is $4,886 per month. Households that rent pay about 19.95% of their income on rent here. New Lyme’s most expensive areas are in the western regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jefferson, OH: equally priced homes
- Lenox Center, OH: equally priced homes
- Roaming Shores, OH: higher priced homes
- Sentinel, OH: less expensive homes
- Austinburg, OH: higher priced homes
- Rock Creek, OH: equally priced homes
- Dorset, OH: equally priced homes
- Denmark Center, OH: equally priced homes
- Mechanicsville, OH: higher priced homes
- Rome, OH: less expensive homes
Cities with Similar Populations
- Vicco, KY: less expensive homes
- Central City, CO: higher priced homes
- Circleville, NY: higher priced homes
- Everton, MO: less expensive homes
- Fairchild, WI: less expensive homes
- Fort Harrison, MT: higher priced homes
- Tanner Williams, AL: equally priced homes
- Vaudreuil, WI: less expensive homes
- Viborg, SD: higher priced homes
- Allardt, TN: equally priced homes
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