Zip 62348 (Lima, IL) Housing

Housing in 62348 Lima, IL, shows a median value of $123,800, which is much lower than the US median house value of $338,100. There has been an appreciation rate of 7.86% in this area over the last year—just below the US 1 year house appreciation rate of 8.27%. Despite being slightly lower than the national average, this region still offers great opportunities for potential homeowners to invest in real estate and take advantage of increasing home values.

The median home cost in Lima (zip 62348) is $123,800. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Lima (zip 62348) is up 14.9%.

Average Age of Homes

- The median age of Lima (zip 62348) real estate is 78 years old

The Rental Market in Lima (zip 62348)

- Renters make up 5.9% of the Lima (zip 62348) population
- 0.0% of houses and apartments in Lima (zip 62348), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lima, Illinois	United States
	98.0	139,647,020.0
	68	42
	$123,800	$338,100
	14.9%	16.6%
	31.7%	57.0%
	45.4%	101.1%
	$16.57	$10.98
	$1,750	$2,690
	62.2%	57.4%
	24.5%	11.2%
	13.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	4.1%	0.7%
	4.1%	0.4%
	0.0%	3.6%
	16.3%	4.1%
Value of Owner-Occupied Housing
	3.3%	2.6%
	9.8%	2.4%
	3.3%	2.8%
	16.4%	3.9%
	18.0%	4.5%
	19.7%	11.3%
	29.5%	13.0%
	0.0%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.2%	13.6%
	12.2%	13.6%
	10.2%	13.6%
	3.1%	13.2%
	4.1%	14.8%
	10.2%	13.6%
	19.4%	10.0%
	15.3%	4.7%
	29.6%	12.2%

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