Housing Report for Lima
Looking across the State of Ohio, Lima stands 10 of the 12 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 339 of 361, when comparing the change in housing structures in other metropolitan areas throughout the nation.
Lima had a median home value in the year 2005 of $95,800, accounted by the American Community Survey. This value is less than the overall Ohio 2005 home value of $129,600 and less than home value of $167,500 for the rest of the nation in that year.
In Lima, the real estate market was made up of 45,118 homes in the year 2005. This MSA has gone through a medium level of growth in the number housing units, adding a total of 662 homes since 2001, or 1.5 percent.
The residential housing values in Lima, Ohio have experienced moderate increases since their reported values in 2000. The values have increased by $10,900, or 12.8 percent, since 2000 when their medians were reported to be $84,900.
There seems to be a large amount of affordable housing in Lima, Ohio. In 2005, 69.4 percent of owner-occupied dwellings were valued under $125k.
Lima has a medium proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 1.8 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
Lima had a median home value in the year 2005 of $95,800, accounted by the American Community Survey. This value is less than the overall Ohio 2005 home value of $129,600 and less than home value of $167,500 for the rest of the nation in that year.
In Lima, the real estate market was made up of 45,118 homes in the year 2005. This MSA has gone through a medium level of growth in the number housing units, adding a total of 662 homes since 2001, or 1.5 percent.
The residential housing values in Lima, Ohio have experienced moderate increases since their reported values in 2000. The values have increased by $10,900, or 12.8 percent, since 2000 when their medians were reported to be $84,900.
There seems to be a large amount of affordable housing in Lima, Ohio. In 2005, 69.4 percent of owner-occupied dwellings were valued under $125k.
Lima has a medium proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 1.8 percent of the houses were valued over a half a million dollars.
Data Source: U.S. Census Bureau
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