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Foreclosure Homes in Lima, NY 14485

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Lima, NY Foreclosures

How much do homes sell for in Lima, NY?
The average home price is currently $300,025.
In Lima, NY, how many homes are available?
There are currently 2 active home listings available in Lima.
What’s the average rental cost in Lima, NY?
The average rental price in Lima is $1,495.
What is the most expensive home in Lima?
The most expensive home sold in Lima had a price of $8,133,890.
What is currently the cheapest priced home in Lima, NY?
The cheapest home for sale in Lima is priced at $23,899.

Living in Lima, NY

Lima, NY is a picturesque small town offering a peaceful lifestyle with a strong community vibe. Surrounded by beautiful landscapes and outdoor recreational activities, it’s an excellent place for families and retirees. With essential amenities and nearby larger towns for additional services, Lima strikes a perfect balance between tranquility and convenience.

Current Market Conditions in Lima, NY

The current real estate market in Lima reflects a healthy demand for homes, driven by its appealing lifestyle and reasonable pricing compared to urban areas. Investors can find both residential and rental properties that promise good returns, especially as remote work becomes more mainstream.

With steady growth in the local economy and an influx of families seeking a quieter, suburban life, Lima is experiencing a resurgence in interest among home buyers. This trend opens opportunities for real estate investors looking to capitalize on both rental properties and home sales.

Home Value Estimator For Lima, NY

There are currently 1,250 real estate properties in Lima, NY, with a median automated valuation model (AVM) price of $271,070.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lima, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lima, NY, is $300,025.00, with the most expensive house in Lima, NY, topping out at $8,133,890.00 and the cheapest home in Lima, NY, clocking in at $23,899.00. In other words, there’s something for every potential homebuyer or savvy investor in Lima, NY!

Rent Prices In Lima, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lima, NY, is on a rollercoaster ride. The average rent price in Lima, NY, is $1,495.00. Indeed, when looking to rent in Lima, NY, you can expect to pay as little as $650.00 or as much as $2,120.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Lima, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lima, NY 14485 Foreclosures

Market Trend for Lima, NY

Total Listings Available: 2

Market Values:

Home Prices from $23,899 to $8,133,890

Average Sales Price: $300,025

Rental Values:

Rental from $650 to $2,120

Average Rent Value: $1,495 / month

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