Single-family Foreclosures in Lima, OH 45805

Current Market Conditions in Lima, OH

The real estate market in Lima, OH, has showcased a steady increase in demand over the past couple of years. Investors can find a variety of properties ranging from historic homes to new developments that cater to various buyer preferences, thus making it a viable market for real estate investment.

Current trends indicate a growing interest in affordable housing, which positions Lima as an attractive option for first-time homebuyers and rental property investors. Additionally, the cost of living remains low, enticing young professionals and families to settle in the area.

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.