The housing in 45807 Lima, OH is doing well compared to the US median value. The housing median value in 45807 Lima, OH is $200,000, and the US house median value is $338,100. This shows that the housing in 45807 Lima, OH is still below the national average. Furthermore, the US 1 year house appreciation rate is 8.27%, while in 45807 Lima, OH it's 8.69%. This indicates that housing prices in this area have been increasing at a slightly faster rate than other areas of the country. Overall, given these figures it can be said that people looking for relatively affordable homes should consider looking into 45807 Lima, OH as an option.
The median home cost in Lima (zip 45807) is $200,000. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Lima (zip 45807) is up 11.9%.
Average Age of Homes
- The median age of Lima (zip 45807) real estate is 41 years old
The Rental Market in Lima (zip 45807)
- Renters make up 15.2% of the Lima (zip 45807) population
- 1.8% of houses and apartments in Lima (zip 45807), 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.