Housing in Lima, OH is a great and affordable option for potential homeowners. The median value of homes in the area is $121,700, which is significantly lower than the US house median value of $338,100. Despite this, prices have still experienced an 8.69% appreciation over the last year, which is higher than the national average of 8.27%. This makes Lima an attractive location for those looking to invest in a home as they can expect to see returns on their investment quickly.
The median home cost in Lima is $121,700. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Lima is up 11.9%.
Average Age of Homes
- The median age of Lima real estate is 66 years old
The Rental Market in Lima
- Renters make up 46.0% of the Lima population
- 2.6% of houses and apartments in Lima, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.