Lima, OH Foreclosures
How much do homes sell for in Lima, OH?
The average home price is currently $203,365.
In Lima, OH, how many homes are available?
There are currently 47 active home listings available in Lima.
What’s the average rental cost in Lima, OH?
The average rental price in Lima is $1,078.
What is the most expensive home in Lima?
The most expensive home sold in Lima had a price of $45,894,254.
What is currently the cheapest priced home in Lima, OH?
The cheapest home for sale in Lima is priced at $10,039.
Living in Lima, OH
Lima, Ohio, is a welcoming city with a rich cultural heritage and a focus on community living. Residents enjoy a variety of amenities, including parks, shops, and educational institutions. With its blend of urban and small-town charm, Lima offers a vibrant lifestyle and is an attractive option for families and professionals.
Current Market Conditions in Lima, OH
The real estate market in Lima, OH, has shown resilience over the past year, with a steady increase in home values and a robust demand for housing. With relatively affordable prices compared to national averages, Lima remains an appealing choice for first-time homebuyers and investors looking for reasonable options.
Current trends suggest a gradual decrease in inventory, leading to increased competition among buyers, which has, in turn, spurred prices upward. Homes are selling relatively quickly, reflecting a healthy market activity that indicates continued growth in the near future.
Home Value Estimator For Lima, OH
There are currently 25,436 real estate properties
in Lima, OH,
with a median automated valuation model (AVM) price
of $159,437.00. 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, OH, 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, OH,
is $203,365.00, with the most expensive house
in Lima, OH, topping out
at $45,894,254.00 and the cheapest home
in Lima, OH,
clocking in at $10,039.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lima, OH!
Rent Prices
In Lima, OH
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lima, OH, is on
a rollercoaster ride. The
average rent price in Lima, OH,
is $1,078.00. Indeed, when looking to rent in
Lima, OH, you can expect to pay as little
as $450.00 or as much
as $2,260.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Lima, OH
-- 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.
Learn more on Foreclosure homes
