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Featured local agent — Lima, OH
Sarah Mitchell
Compass Real Estate · Lima, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lima, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$128,000median sale price
How is the Lima, OH housing market right now?
The median home sale price in Lima, OH is $128,000, up 1.6% year-over-year. Homes sell in an average of 59 days with 112 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lima a buyer's or seller's market?
Lima, OH is currently a balanced market, based on 3.7 months of supply and homes selling in about 59 days. How we determine this →
Homes sold
30
Last 12 weeks
Days on market
59
Average pace
Active listings
112
3.7 months supply
Sale-to-list
97.3%
Below asking
What does the Lima housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $128,000 |
| Median list price | $161,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 59 days |
| Active inventory | 112 listings |
| Months of supply | 3.7 months |
| Sale-to-list price ratio | 97.3% |
| Median price per sq ft | $109/sq ft |
| Homes sold (latest month) | 30 |
| New listings (latest month) | 36 |
| Listings with a price cut | 22.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lima by property type?
How the Lima, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $128,000 | $109/sq ft | 30 | 59 days |
Source: Redfin · Updated monthly
The Lima housing market is currently classified as a balanced market with a median sale price of $128,000. Prices have risen 1.6% compared to last year, with homes spending an average of 59 days on market, indicating 3.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Lima
There are currently 112 homes listed for sale in Lima, Ohio. The median listing price is $161K.
Active listings
112
Homes on market
Median list price
$161K
Avg. days on market
59
Days until sale
New this week
36
Newly listed
Who lives in Lima?
Population
35,304
Median income
$43,370/yr
Median age
35.4 years
Owner-occupied
46.4%
College grads
11.8%
Avg commute
17.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lima?
Zillow home value
$155,891
Zillow rent index
$1,176/mo
Price-to-rent ratio
11.0x
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Lima?
Lima is a community of approximately 35K residents with a median age of 35.4 years.The median household income is $43,370, which represents a working-class community with solid middle-income opportunities. 11.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 46.4%, showing a blend of owner and renter-occupied properties. The average commute time is 17.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lima offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lima?
22 schools tracked · 9,023 students
The largest public schools serving Lima, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lima Senior High School
Grades 9-12 · 1,000 students
Bath Elementary School
Grades PK-5 · 766 students
Apollo Career Center
Grades 7-12 · 763 students
Shawnee Middle School
Grades 5-8 · 714 students
Shawnee High School
Grades 9-12 · 691 students
Elmwood Elementary School
Grades K-2 · 512 students
Bath High School
Grades 9-12 · 433 students
Heritage Elementary School
Grades PK-4 · 432 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lima, OH?
Want a head-to-head view? Compare Lima side-by-side with any other U.S. city using our market-comparison tool.
Is Lima a good real estate investment market?
For investors evaluating Lima, the price-to-rent ratio of 11.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 1.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lima's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lima's median home price.
Frequently asked questions
What is the average home price in Lima?
The median home sale price in Lima is $128,000, up 1.6% from last year.
How long do homes stay on market in Lima?
Homes typically spend 59 days on market before going under contract.
What is the median income in Lima?
The median household income is $43,370 per year.
Is Lima a buyer's or seller's market?
With 3.7 months of supply, Lima is currently a balanced market.
What is the Zillow home value estimate for Lima?
The Zillow Home Value Index (ZHVI) for Lima is $155,891, representing the typical home value in the area.
How much does a single-family home cost in Lima?
The median single-family home price in Lima, OH is $128,000 (about $109 per square foot).
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