Foreclosures in Lima, OH 45805

Current Market Conditions in Lima, OH

The Lima real estate market is currently in a stable condition, with a consistent demand for both single-family homes and rental properties. With an average home price hovering around $130,000, Lima offers affordability compared to national averages. Over the past few years, property values have increased modestly, indicating a healthy market attractive to first-time homebuyers and investors.

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.