The housing market in Lima, PA is thriving. The median value of houses in Lima is currently $328,700, which is slightly lower than the US House Median Value of $338,100. However, the house appreciation rate is higher than the US average at 11.01% compared to 8.27%. This suggests that homes in Lima are increasing in value faster than the national average and that there is a strong demand for housing in this area.
The median home cost in Lima is $328,700. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Lima is up 12.4%.
Average Age of Homes
- The median age of Lima real estate is 34 years old
The Rental Market in Lima
- Renters make up 38.8% of the Lima population
- 7.4% 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.