Lima

Located in Allen County, this city of 35,304 residents presents an affordable housing market with a median home price of $62,000 and properties averaging $80 per square foot. The typical home spans 1,360 square feet, making homeownership accessible in a market where just 46.4% of residents own their homes. With only 28 active listings currently available, inventory remains limited for prospective buyers. The median household income of $43,370 reflects the area's working-class demographics, while the Lima City School District serves as the primary educational system for families. The low price point compared to national averages makes this market particularly attractive for first-time buyers and investors seeking entry-level properties. The rental market appears significant given the relatively low ownership rate, suggesting opportunities for both residents looking to transition to homeownership and investors considering rental properties in this affordable Midwest market.

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