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Foreclosure Homes in Lima, OH 45809

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Lima, OH Foreclosures

How much do homes sell for in Lima, OH?
The average home price is currently $190,850.
In Lima, OH, how many homes are available?
There are currently 1 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 $46,029,806.
What is currently the cheapest priced home in Lima, OH?
The cheapest home for sale in Lima is priced at $10,084.

Living in Lima, OH

Lima, Ohio, offers a charming community atmosphere combined with urban amenities. Known for its numerous parks, schools, and local events, Lima is perfect for families and individuals alike. The city provides a robust housing market, access to education, and a rich array of cultural experiences.

Current Market Conditions in Lima, OH

Lima's real estate market is currently showing a healthy level of activity, characterized by an increase in home sales and a stable demand for housing. The average home prices are gradually rising due to low inventory combined with an influx of buyers looking for affordable homes in the area.

Since the beginning of the year, there has been a noticeable trend toward the renovation and revitalization of existing homes, attracting more first-time buyers as well as investors. The rental market is also gaining traction, as professionals are drawn to the city's reasonable living costs and employment opportunities.

Home Value Estimator For Lima, OH

There are currently 24,298 real estate properties in Lima, OH, with a median automated valuation model (AVM) price of $158,014.00. 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 $190,850.00, with the most expensive house in Lima, OH, topping out at $46,029,806.00 and the cheapest home in Lima, OH, clocking in at $10,084.00. 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.

Lima, OH 45809 Foreclosures

Market Trend for Lima, OH

Total Listings Available: 1

Market Values:

Home Prices from $10,084 to $46,029,806

Average Sales Price: $190,850

Rental Values:

Rental from $450 to $2,260

Average Rent Value: $1,078 / month

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