Cost of Living,
Lima's Real Estate Market
Lima Metro Area
Profile: Small city Location: Northwest Ohio along I-75 between Dayton and Toledo Elevation: 880 Time zone: Eastern Standard Time
|Cost of living||Economic decline|
|Small-town flavor||Low educational attainment|
|Air quality||Industrial landscape|
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Lima is at a crossroads geographically between several Midwestern cities as well as metaphorically in its evolution. It has a robust past as a manufacturing center of automotive parts, neon signs, and steam locomotives, but those industries are in obvious decline, and the city has followed suit. A strong oil and gas industry tied to local production and reserves does give some vitality to the economy, although it doesn’t bring a large number of jobs.
The downtown area, which is Midwestern in character, is struggling and unattractive, and many residential areas aren’t much better off. Cost of living and housing are among the lowest in the region, and commutes and general stresses are low. The energy industry, central location to many markets and an ambitious city government may indicate a favorable future.
Lima lies in the level, glaciated plain south of the Lake Erie shore. Most nearby land is agricultural. The climate is continental. Summers are warm and humid with frequent afternoon showers and thunderstorms. Winters are cool and humid with considerable cloudiness and an occasional blast of cold air from the north. Snowfall is generally light to moderate but can be heavy. Alternating freezes and thaws are common, with the first freeze arriving in mid-October and the last occurring in late April.
Interesting Facts about Lima, Ohio
As of 2014, Lima's population is 38,647 people. Since 2000, it has had a population growth of -4.48 percent.--------------------
The median home cost in Lima is $46,900. Home appreciation the last year has been -1.10 percent.--------------------
Compared to the rest of the country, Lima's cost of living is 20.20% Lower than the U.S. average.--------------------
Lima public schools spend $12,027 per student. The average school expenditure in the U.S. is $12,435. There are about 19.3 students per teacher in Lima.--------------------
The unemployment rate in Lima is 6.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Lima jobs have Increased by 0.56 percent.
Ranked #47 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #71 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #276 2005 Best Places to Live
Ranked #324 Best Green Cities
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Lima's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes