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Foreclosures 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 $313,114.
In Lima, NY, how many homes are available?
There are currently 1 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 $8,138,109.
What is currently the cheapest priced home in Lima, NY?
The cheapest home for sale in Lima is priced at $24,769.

Living in Lima, NY

Lima, NY is a picturesque rural town that offers a peaceful lifestyle to its residents. With excellent schools, a strong community spirit, and a variety of local amenities and parks, it’s an ideal place for families and retirees alike. Proximity to larger cities allows for a perfect blend of small-town charm and urban accessibility.

Current Market Conditions in Lima, NY

The real estate market in Lima, NY, is currently experiencing a gradual uptick in home prices, largely driven by the area's attractive rural lifestyle and affordability compared to neighboring towns. Homes here tend to sell quickly, often due to the limited inventory of available properties. Buyers are drawn to the town's community-oriented feel, quality of education, and outdoor recreational options, which are increasing demand in this market.

Home Value Estimator For Lima, NY

There are currently 1,259 real estate properties in Lima, NY, with a median automated valuation model (AVM) price of $285,571.00. 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 $313,114.00, with the most expensive house in Lima, NY, topping out at $8,138,109.00 and the cheapest home in Lima, NY, clocking in at $24,769.00. 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

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