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Foreclosure Homes in Lima, OH

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24 Loescher-rd-Lima-OH-45801
Foreclosure
$64,000 List Price

Loescher Rd
Lima, OH 45801

2 Bed | 2 Bath | 1,428 Sq. Ft.

N-west-st-Lima-OH-45801
Foreclosure
$50,150 EMV

N West St
Lima, OH 45801

4 Bed | 1 Bath | 1,908 Sq. Ft.

N-west-st-Lima-OH-45801
Foreclosure
$57,630 EMV

N West St
Lima, OH 45801

3 Bed | 1 Bath | 2,054 Sq. Ft.

Linden-st-Lima-OH-45804
Foreclosure
$28,560 EMV

Linden St
Lima, OH 45804

N-elizabeth-st-Lima-OH-45801
Foreclosure
$31,025 EMV

N Elizabeth St
Lima, OH 45801

3 Bed | 1 Bath | 1,266 Sq. Ft.

20 Rose-ave-Cridersville-OH-45806
Foreclosure
$51,900 List Price

Rose Ave
Cridersville, OH 45806

3 Bed | 1 Bath | 1,480 Sq. Ft.

21 Mcpheron-rd-Lima-OH-45804
Foreclosure
$71,900 List Price

Mcpheron Rd
Lima, OH 45804

3 Bed | 1 Bath | 1,625 Sq. Ft.

Woodlawn-ave-Lima-OH-45805
Foreclosure

Woodlawn Ave
Lima, OH 45805

Union-st-Lima-OH-45804
Foreclosure

Union St
Lima, OH 45804

Fairview-ave-Lima-OH-45804
Foreclosure

Fairview Ave
Lima, OH 45804

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Foreclosure Homes in Lima, OH

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Lima, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lima, OH and much more. Save thousands at closing with home foreclosure listings in Lima, OH — up to 75% off market value!


Top Reasons To Live In Lima, OH In 2021

Lima is located in Allen, Ohio, with an estimated municipal population of 36,659 residents. All of the best foreclosed homes for sale in Lima are located in the following zip code areas on Foreclosure.com: 45805 45801 45804. The estimated population per square kilometer (.62 miles) in Lima is 1,045.


Cost Of Living In Lima, OH

So, about how much do homes cost in Lima? The most recent median value of resident-owned homes in Lima is 65,255. An estimated 47.3 percent of households in Lima own their homes, with an average family size of 3.08. The median household income in Lima is 35,799, with7.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lima, the median commute time of resident workers (in minutes) is 18.3. And last, but certainly not least, are you looking for homes to rent in Lima? If so, the average rent price paid by renters in Lima is 667, according to recent statistics.


Diversity And Demographics In Lima, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lima, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lima is 33.4, split between 51.9 percent male versus 48.1 female. The percentage of residents who report being married in Lima is 30.5, with an average family size of 3.08.

The percentage of residents who report their race in Lima is as follows:

White 64.8%
Black / African American 25.4%
Asian 0.8%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.8%
Other 1.8%

Looking for family-friendly neighborhoods in and/or near Lima? Or maybe you are searching for 55+ active adult communities in and/or near Lima?

The percentage of residents who report their age in Lima is as follows:

Under 10 15.2%
Aged 10-19 13.7%
20s 16.7%
30s 12.5%
40s 12.2%
50s 11.8%
60s 9.8%
70s 4.8%
80+ 3.6%

Best Schools In Lima, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lima with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lima.


Pros And Cons Of Living In Lima, Ohio

How do you know that living in -- or moving to -- Lima is right where you need to be? Perhaps you grew up in Lima or already live nearby; therefore, the decision to buy a home in Lima is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lima for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lima:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lima.


Reasons To Move To Lima, Ohio, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lima can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lima, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Lima, OH

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