Lima

Situated in Allen County, this northwest Ohio city of 35,304 residents currently shows a modest inventory of five active listings, with a median home price of $119,900 and a price per square foot of $116. The average listed home measures approximately 1,820 square feet, offering relatively spacious floor plans at an accessible price point compared to many Ohio metros. The owner-occupied rate stands at 46.4%, reflecting a market where rental housing plays a substantial role alongside homeownership. The median household income of $43,370 shapes buyer purchasing power and influences demand across the available price ranges. Families with children fall under the Lima City School District for their primary education needs. The combination of low median pricing and moderate income levels suggests affordability remains a key factor in local purchasing decisions, making the market particularly relevant for first-time buyers and investors evaluating cash flow potential in Allen County.

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