Lima, Ohio.
Typical home $151,335 (+3.7% in a year), asking rent $1,216 (+4.7%). Lima, OH metro.
Property tax and schools in Lima
Lima’s own tax page → what a home here pays, who charges it, its levies and ballot, and its schools.
Lima is in Allen County, where its property tax is set. Its homes there are in 5 school districts: Bath Local, Elida Local, Lima City, Perry Local and Shawnee Local. Check your own bill.
to buy the typical home at today's mortgage rate — +$464 (+141%) since Jan 2020.
- 1 year
- Up $5,434 +4%
- $145,901$151,335 since Sep 2025
- 5 years
- Up $36,189 +31%
- $115,145$151,335 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lima$794
- Ohio$1,291
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Lima, OH rose 3.7% over the past year — faster than the nation's +1.2%.
Asking rents in Lima, OH rose 4.7% over the past year — faster than the nation's +2.7%.
Owning the typical home in Lima runs $118/mo less than renting one. The gap peaked at $196 in Mar 2026.
That is $1,097 a month against $1,216 rent: a $794 mortgage payment, plus $141 property tax and $162 insurance & upkeep.
Owning vs renting — Lima
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,097
- Renting$1,216
- Mortgage only$794
Property tax · $141/mo 1.12% of value a year — the ACS 2020-2024 median bill over the median home value for Allen County, OH
Insurance & upkeep · $162/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Lima, Allen County, Ohio
Lima is a city of 35,579 people in Allen County. Half its households earn more than $46,240 a year and half less, against $64,038 across Allen County; 24% of its people live below the poverty line. 46% of its homes are lived in by their owners and 54% are rented. Unemployment in Lima was 4.1% in August 2026, and Allen County had 0.7% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lima is a small city in Allen County, in northwestern Ohio. Its people are younger than in many towns, and household incomes run well below the county's. A good share of residents live below the poverty line, and fewer homes are lived in by their owners than you might expect, so renting is common. Typical home values and rents are modest, and relatively few adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, while summers turn warm, and rain and snow fall steadily through the year.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in shops, and in restaurants, hotels and entertainment. Among the biggest workplaces in Lima are St. Ritas Medical Center, Lima Memorial Hospital and Lima City Schools. Unemployment has eased over the past year, and the county has added a few more jobs. Most people get to work in a short drive, and very few work from home.
Things to do. In or beside town, the Allen County Museum is a good place for local history, and the Ohio Theatre hosts shows and performances. For the outdoors, Fort Amanda State Park is a short drive away. For something farther afield, the Armstrong Air and Space Museum is a longer drive away.
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- 14,273households
- 13%of adults have a degree
- 24%below the poverty line
- 17 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Allen County had 50,015 jobs in 2025, 0.7% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 19°; warmest in July, with highs near 84° and lows near 63°. About 18 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lima Wwtp weather station, a mile away (NOAA).
Largest employers in Lima
- Bon Secours Mercy Health Inc.3,248
- Lima Memorial Hospital1,878
- Allen County1,154
- Lima City Board of Education974
- Custom Staffing Inc.845
- Wal-Mart Associates Inc806
- Spherion Staffing LLC774
- Staffmark Investment LLC758
From the City of Lima’s annual financial report for 2024, its schedule of principal employers (its source: “Number of employees of each employer is obtained from the W2's from the City Tax Department”), as Ohio’s Auditor of State publishes it: the report. Employees as the report counts them.
Natural hazards
- Strong windRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Lima’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Allen County and the Lima, OH metro.
Lima home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lima$151,335
- Ohio$245,982
- United States$366,157
Sellers are cutting prices on about 1 in 3 Lima listings, and the typical home goes pending in 11 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Lima29.23%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Lima11
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Lima225
New listings per month
Sellers arriving at the market.
- Lima76
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Lima$154,125
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Lima97.39%
Zip codes with a Lima address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lima — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Lima
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 45805 | Lima | 24,387 | $1,412 | $194,162 |
| 45801 | Lima | 21,739 | $1,193 | $141,549 |
| 45804 | Lima | 13,608 | — | $74,624 |