Lima

Situated in Allen County, this northwest Ohio city of 35,304 residents offers one of the more affordable entry points into homeownership in the state. With a median home price of $79,500 and a price per square foot of $93, buyers can expect relatively accessible acquisition costs compared to larger Ohio metros. The average home size of 1,444 square feet reflects a practical range of single-family stock across the city's neighborhoods. Current inventory stands at 20 active listings, indicating a limited selection for prospective buyers at any given time. The owner-occupied rate of 46.4% suggests that renting is common here, which may point to investor opportunity alongside traditional purchase activity. Households earn a median income of $43,370, and that income-to-price relationship keeps monthly ownership costs within reach for many local buyers. Families with children will find the Lima City School District serving as the primary public education option throughout most of the city.

Market description generated from current MLS and U.S. Census data.