Lima

Situated in Allen County, this northwest Ohio city of 35,304 residents currently shows a modest inventory of four active listings, with a median home price of $254,900 and a price per square foot of $134. The average listed home measures 1,822 square feet, offering buyers a reasonable amount of space relative to the price point. The median household income of $43,370 and an owner-occupied rate of 46.4% indicate a market where a significant portion of residents rent, which may reflect ongoing opportunities for investor activity alongside traditional home purchases. Families with school-age children fall under the Bath Local School District. The relatively low price per square foot compared to many Ohio metros could appeal to buyers seeking affordability, though the tight current inventory means those entering the market may face limited selection and should be prepared to act quickly when suitable properties become available.

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