Lima, IL is a great place to invest in housing. The median value of homes in Lima currently stands at $110,800, well below the US median of $338,100. Over the past year, housing prices in Lima have appreciated by 7.86%, just slightly less than the 8.27% appreciation seen nationally. With this relatively high rate of appreciation and a lower median house value than other parts of the country, investing in housing in Lima looks like a strong choice for anyone looking to get into the market.
The median home cost in Lima is $110,800. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Lima is up 14.9%.
Average Age of Homes
- The median age of Lima real estate is 54 years old
The Rental Market in Lima
- Renters make up 5.3% of the Lima population
- 0.0% 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.