North Lima, OH—44452
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Lima, OH
As of Nov '25, the median home price in North Lima, OH is $276,000, with a year-over-year change of 4.3%. This indicates that home prices in North Lima, OH are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 4.3% |
| Single Family | $271,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 5.4% |
3 Bed | $263,000 | 4.8% |
4 Bed | $458,000 | 6.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Lima, OH
North Lima, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — North Lima, OH
As of Nov '25, Realtor.com reports that the median days on market for a home in North Lima, OH is 96. This is a increase of 45.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $929,000 | 93.0% |
Listing Count | 10 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 96 | 45.0% |
Demographics — North Lima, OH
As of the latest ACS Survey released in 2023, North Lima, OH has a population of 2,660, which has decreased by -22.7% over the past 5 years. North Lima, OH is a less popular place for families, as children make up 10.9% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,660 | -22.7% |
% Under 18 | 10.9% | -7.6% |
% Seniors | 39.9% | 57.7% |
% WFH | 8.4% | 600.0% |
% w/ College Degree | 28.3% | 10.5% |
As of the latest ACS Survey released in 2023, North Lima, OH is a predominantly white area, with 98.2% of the population identifying as white. The white population has grown by 2.8% in the last 5 years. The second most common race or ethnicity in North Lima, OH is black, making up 1.4% of the population. Foreign-born residents account for 1.7% of the population in North Lima, OH, and this percentage has decreased by 57.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.2% | 2.8% |
% Black | 1.4% | 7.7% |
% Hispanic | 0.2% | -33.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.7% | -57.5% |
Mortgage and Risk — North Lima, OH
According to HUD data as of 2023, there were 60 mortgage originations in North Lima, OH, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in North Lima, OH. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 60 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Rentals and Section 8 — North Lima, OH
North Lima, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$210 | $950 | $740 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — North Lima, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $276,000 |
| Median Household Income | $60,000 |