Lima, NY is a great place to live with an impressive median home value of $231,300. This is over $100,000 less than the national median value of $338,100. Despite this disparity in price, the 1 year house appreciation in Lima is even higher at 11.08%, compared to the US house appreciation of 8.27%. This makes investing in Lima's housing market a lucrative and wise choice for potential homeowners looking for a new home or investors looking to make a return on their investment.
The median home cost in Lima is $231,300. Home appreciation the last 10 years has been 64.9%. Home Appreciation in Lima is up 11.7%.
Average Age of Homes
- The median age of Lima real estate is 43 years old
The Rental Market in Lima
- Renters make up 25.8% of the Lima population
- 1.3% 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.