Lima
Ohio · Ranked #16 of 373 metros
93Affordable
💡
Housing in Lima costs 2.69× the median income, below the national average of 4.5×. The median home price is $180K and median rent is $941/month. Lima ranks #16 of 373 metros for affordability.
Median Home Price
🏠$180K
Need $53K income
Median Rent
🔑$941
Need $38K income
Building Permits
🔨100
annual
Median Income
💰$67K
Pop: 106,632
Rent Burden
⚠️20.3%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Lima | National |
|---|---|---|
| Price-to-Income Ratio | 2.69x | 6.1x |
| Rent Burden | 20.3% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +64.7%Since 2000: +125.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$839/mo
1 Bedroom$844/mo
2 Bedroom$1,108/mo
3 Bedroom$1,338/mo
4 Bedroom$1,493/mo
Zillow Market Data
Home Value (ZHVI)
$182K
1yr: +6.9%5yr: +38.2%
Rent (ZORI)
$1,174/mo
1yr: +13.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$182K
Active Inventory
228
Days on Market
75
Sold Above List
24.3%
Price Drops
29.4%