Lima

Homes for Sale in Lima, Ohio

Allen County, OH

4 Active Listings

$196,000 Median Price

$205,450 Average Price

$127 Price / Sq Ft

Located in Allen County in northwestern Ohio, Lima is a city of 35,304 residents with a housing stock of 15,802 units. Just under half of occupied homes are owner-occupied, at 46.4 percent, meaning renters make up a substantial portion of the residential market, with a median gross rent of $865 per month. The median household income stands at $43,370. Getting to work is relatively quick for most residents, with an average commute time of 16.6 minutes, and only 1.7 percent of workers work from home, suggesting the local economy is grounded in industries that require an in-person presence. Lima has historically been tied to manufacturing and refining, and that hands-on workforce character remains reflected in how residents commute and earn. The city sits at the intersection of several regional highways, which supports both its commuter patterns and its role as a commercial hub for the surrounding Allen County area.

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

Market Overview

1,621 Avg Sq Ft

3.0 Avg Beds

1.8 Avg Baths

1970 Avg Year Built

0.35 ac Avg Lot Size

$3,311 Avg Annual Tax

Demographics

35,304 Population

$43,370 Median Income

$95,900 Census Home Value

35.4 Median Age

15,802 Housing Units

46.4% Owner Occupied

$865 Median Rent

8.1% Bachelor's Degree

16.6 min Avg Commute

11.5% Vacancy Rate

24.8% Poverty Rate

8.9% Unemployment

1.4% Public Transit

1.7% Work from Home

Race / Ethnicity

White

64%

Black

23.5%

Two or More

9.7%

Other

2.2%

Asian

0.5%

Native American

0.1%

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates

Crime Statistics (2024)

64.2 Violent Crime Rate per 100K/month

285.1 Property Crime Rate per 100K/month

266 Total Violent Offenses 2024 annual

Source: FBI Crime Data Explorer (OH0020400)

Housing Price Trend (10 Years)

Home prices in Ohio have risen 98% over the past 9 years, compared to 87% nationally.

Source: Federal Reserve Economic Data (FRED), FHFA All-Transactions House Price Index, Ohio vs national

Price Distribution

Under $100K

$100K - $200K

$200K - $300K

$300K - $500K

$500K - $750K

$750K - $1M

Over $1M

Property Types

Residential

School Districts

School District	Listings	Avg Price
Lima CSD	2	$54,450
Elida LSD	1	$323,000
Shawnee LSD	1	$389,900

School ratings from SchoolDigger.com

Frequently Asked Questions about Lima

The median home price in Lima is $196,000, with active listings ranging from $39,900 to $389,900.

There are currently 4 active listings in Lima, Ohio.

The average price per square foot in Lima is $127, based on currently active listings.

Lima is served by Lima CSD, Elida LSD, Shawnee LSD.

Lima has a population of 35,304 residents with a median age of 35.4.

Homes in Lima average 1,621 square feet with 3.0 bedrooms and 1.8 bathrooms.

Lima has a 46.4% owner-occupied rate and a 11.5% vacancy rate. The median rent is $865.

The average commute time for Lima residents is 16.6 minutes.

Map of Lima

Latest Listings in Lima

View All Listings

About the agent serving Lima

Steven Pannell

Licensed Ohio real estate agent · Key Realty

8+ years of experience

Licensed since 2017, with years of hands-on real estate investing experience before that. I became an agent to enhance my own investment knowledge, but discovered my true calling: guiding clients through one of life's biggest decisions. As a Certified Negotiation Expert (CNE), I bring both investor insight and proven negotiation skills to every transaction. Whether you're buying your first home or selling an investment property, you'll have an experienced advocate in your corner who understands the market from every angle.

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