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North Lima, OH—44452

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$293,000
4.5% YoY Growth
Household Income
$60,000
6.2% YoY Growth
Days on Market
42
3.0% Shorter YoY
Home Price Forecast
3.0%
Median Rent
$950
N/A
1-Bed Rent
$950
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Lima, OH

As of May '26, the median home price in North Lima, OH is $293,000, with a year-over-year change of 4.5%. This indicates that home prices in North Lima, OH are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$293,0004.5%
Single Family $291,0005.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
  • N/A
    N/A
    2 Bed
    $206,0004.6%
    3 Bed
    $280,0005.3%
    4 Bed
    $495,0006.7%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    8.2%
    1 Bedroom
    6.5%
    2 Bedrooms
    17.6%
    3 Bedrooms
    43.4%
    4 Bedrooms
    23.4%
    5+ Bedrooms
    0.9%

    Rental Trends — North Lima, OH

    North Lima, OH lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$950$950
    Studio Rent N/AN/A
    1 Bed Rent $950$950
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    Studio
    46.4%
    1 Bedroom
    16.0%
    2 Bedrooms
    29.9%
    3 Bedrooms
    7.7%

    Property Listings — North Lima, OH

    As of May '26, Realtor.com reports that the median days on market for a home in North Lima, OH is 42. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 80.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    $550,00062.0%
    Listing Count
    5-50.0%
    Listings as % of Homes0.6%-50.0%
    Days on Market
    42-3.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % 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%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$210$950$740
    2 BedroomN/AN/A$930
    3 BedroomN/AN/A$1,210
    4 BedroomN/AN/A$1,280

    Affordability — North Lima, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$293,000
    Median Household Income$60,000

    North Lima, OH — ZIP Code Boundary Map

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    Frequently Asked Questions