City · 35,010 residents · Allen County, Ohio

Lima , Ohio

In Lima, a typical home is worth $107,200 and typical rent is $903 a month. Compared with all of Allen County, the typical home value is 35% lower, typical household income is 28% lower, and the share of households that own their home is 22 points lower.

Typical home value

$107,200

35% below the county

50% below Ohio
- Lima
- Allen
- Ohio
Typical rent

$903a month

2% below the county

13% below Ohio
- Lima
- Allen
- Ohio
Typical household income

$46,240a year

28% below the county

35% below Ohio
- Lima
- Allen
- Ohio
Households that own their home

46%

22 points below the county

22 points below Ohio
- Lima
- Allen
- Ohio

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data

Typical home value: $151,335; 3.7% more than 12 months ago; Typical home value from Zillow, September 2021 to September 2026: from $115,145 to $151,335.
Typical rent: $1,216 a month; 4.7% more than 12 months ago; Typical rent from Zillow, June 2024 to September 2026: from $1,076 to $1,216.

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lima is in Allen County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Allen County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lima apart

What this place has that others do not, from public data, most unusual first.

46% of households in Lima own their home, against 68% in Allen County.
The typical home in Lima is worth $107,200, 35% less than in Allen County as a whole ($165,300).
The typical household income in Lima is $46,240, 28% less than in Allen County as a whole ($64,038).
Nearby, in Van Wert, the typical rent is $765: 15% less than in Lima ($903).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lima

What homes there are in Lima, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Kind of home: Lima and its comparisons
Measure	Lima	Allen County	Ohio	United States
Detached house	71%	77%	69%	61%
Attached house	2%	3%	5%	6%
Building of 2 to 4	11%	7%	8%	8%
Apartments (5 or more)	14%	9%	15%	19%
Mobile home	Unreliable estimate	4%	3%	6%
Boat, RV and other	Unreliable estimate	Unreliable estimate	0%	0%

Detached houses are the majority in Lima (71%), but less so than in Allen County (77%).

Year built

Year built: Lima and its comparisons
Measure	Lima	Allen County	Ohio	United States
Before 1960	59%	43%	38%	26%
1960–1979	24%	30%	26%	24%
1980–1999	10%	16%	20%	25%
2000–2009	2%	7%	10%	14%
2010 or later	5%	4%	7%	11%

In Lima, half of the homes were built before 1955; in Allen County, before 1966.

There are fewer big homes in Lima than in Allen County: 57% have 3 bedrooms or more, against 67%.

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

Value of owner-occupied homes: Lima and its comparisons
Measure	Lima
Under $100K	46%
$100K–$200K	44%
$200K–$300K	7%
$300K–$500K	3%
$500K–$750K	Unreliable
$750K–$1M	Unreliable estimate
$1M or more	Unreliable estimate

The FHA limit for Allen County is high ($541,287): at least 99% of owner-occupied homes in Lima are worth less than $500,000.

Monthly rent with utilities

Monthly rent with utilities: Lima and its comparisons
Measure	Lima
Under $500	14%
$500–$999	47%
$1,000–$1,499	34%
$1,500–$1,999	3%
$2,000–$2,499	Unreliable estimate
$2,500–$2,999	Unreliable estimate
$3,000 or more	Unreliable estimate

HUD's 2-bedroom fair market rent (FMR) for Allen County is $1,179; about 73% of rents in Lima are below it.

With a mortgage

$994 a month

Allen County: $1,240 a month

Without a mortgage

$452 a month

Allen County: $535 a month

Owners with a mortgage

57%

Allen County: 57%

Owning costs less in Lima: with a mortgage, the typical cost is $994 a month; in Allen County, $1,240. Without one, $452.

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Change since 2015–2019: Lima and its comparisons
Measure	Lima	Allen County	Ohio	United States
Typical home value	+61%	+40%	+47%	+53%
Typical rent	+35%	+31%	+28%	+33%
Typical household income	+29%	+21%	+26%	+29%

The typical home value in Lima rose 61% since 2015–2019, more than in Allen County (40%).

The typical rent in Lima rose 35% over the same time; in Allen County, it rose 31%.

Housing prices ran ahead of income in Lima: typical income rose 29%, against +61% for home values and +35% for rent.

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

How people live: Lima and its comparisons
Measure	Lima	Allen County	Ohio	United States
Rental vacancy	Unreliable estimate	2.5%	4.4%	5.5%
Homeowner vacancy	Unreliable estimate	Unreliable estimate	0.8%	0.9%
More than one person per room	Unreliable estimate	1.5%	1.5%	3.4%
People per household	2.32	2.38	2.37	2.53
Drive alone	80%	83%	75%	69%
Carpool	12%	9%	8%	9%
Public transit	Unreliable estimate	0%	1%	3%
Walk or bike	2%	2%	2%	3%
Work from home	3%	5%	13%	15%
Other means	2%	2%	1%	2%
Typical commute	10 to 19 minutes	10 to 19 minutes	20 to 29 minutes	20 to 29 minutes

Much as in Allen County, a household in Lima has 2.32 people on average.

To get to work, 80% of workers in Lima drive alone; in Allen County, 83%.

Do the math

What would you pay each month for a home in Lima?

A typical home is within reach of the typical income

We start with a typical home in Lima, worth $107,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Lima, which is $46,240 a year.

The calculator's FHA and conventional loan limits are those of all of Allen County.

A family roasts marshmallows over a campfire at a forest campsite.

Change the price, the down payment or the loan: the payment updates right away.

Your numbers

Home priceLocal data

Starts at the typical home value in Lima. Change it to the price you have in mind.

Your credit score

620 or higher580 to 619500 to 579Under 500

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment

That is $3,752 (3.5% of the price). The usual minimum for this loan is 3.5%.

Interest rate%

This week's average ± a quarter or half point.

Term

30 years20 years15 years

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Property tax per year$Estimate: the typical effective rate in Lima is 1.1% of the home's value (Census ACS).Home insurance per year$An example, not official data: get quotes from several insurers.HOA dues per month$Add the FHA upfront mortgage insurance premium to the loan

Estimated monthly payment

Local data

$902

at 7.18% · 30 years

Loan amount: $105,258
Total interest: $151,442
Paid off in: November 2056

Includes $1,810 FHA upfront mortgage insurance premium.

Does it fit the income?

Comfortable
up to $1,079 a month
Your payment · 23%
Tight
$1,079 to $1,387 a month
Hard
more than $1,387 a month

Compared with the typical household income in Lima ($46,240 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as

Payment partsBalance and interestPayment table

Monthly payment breakdown
Principal & interest	$713
Property tax	$97
Home insurance	$45
FHA mortgage insurance (MIP)	$47

You need at least $3,752 for the down payment, plus closing costs.

Next step

See which down payment help you qualify for in Lima

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lima and Allen County

Lima is in Allen County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lima's own numbers

Typical home value: $107,200
Typical monthly rent: $903
Typical yearly household income: $46,240
Households that own their home: 46%
Effective property tax rate: 1.09%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Allen County

FHA limit, one-unit home: $541,287
Conventional limit, one unit: $832,750
HUD fair market rent, 2 bedrooms: $1,179
Price change over 5 years (FHFA): +53%
Homes in a high flood-risk zone: 1.6%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Allen County.

Everything about Allen County

Buying

Buying a home in Lima

A typical home in Lima is worth $107,200: 35% below the county and 50% below Ohio. With the typical household income in Lima ($46,240 a year), a typical home costs 2.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

Lima 2.3 years
Allen 2.6 years
Ohio 3.0 years
United States 4.1 years

Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Allen County

According to FHFA’s house price index, home prices in Allen County rose 84% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Allen County.

2016: +2.7%
2017: +3.2%
2018: +4.2%
2019: +4.1%
2020: +5.2%
2021: +12.5%
2022: +12.6%
2023: +7.3%
2024: +4.1%
2025: +7.8%

Change in FHFA’s price index in Allen County, Ohio and the United States
Period	County	Ohio	U.S.
Last year (2025)	+7.8%	+4.8%	+2.9%
5 years (2020–2025)	+53%	+53%	+47%
10 years (2015–2025)	+84%	+93%	+85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lima next to Allen County, Ohio and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value

Lima $107,200
Allen $165,300
Ohio $214,800
United States $332,700

Typical monthly rent

Lima $903
Allen $922
Ohio $1,034
United States $1,413

Typical yearly household income

Lima $46,240
Allen $64,038
Ohio $71,389
United States $80,734

See the full table

Lima next to Allen County and Ohio
Measure	Lima	Allen County	Ohio	U.S.
Typical home value	$107,200 35% below the county	$165,300	$214,800	$332,700
Typical monthly rent	$903 2% below the county	$922	$1,034	$1,413
Typical yearly household income	$46,240 28% below the county	$64,038	$71,389	$80,734
Households that own their home	46% 22 points below the county	68%	67%	65%
Typical yearly property tax	$1,165 37% below the county	$1,847	$2,822	$3,119
Effective property tax rate	1.09% 0.03 points below the county	1.12%	1.31%	0.94%
Renters with high rent for their income	42% 1 points above the county	41%	46%	51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Allen County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lima

For a typical $107,200 home in Lima, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lima's typical property tax, an example home insurance and mortgage insurance when it applies.

FHA, 3.5% down $903a month
Least cash to close

Down payment
$3,752

Cash to close
$6,968

Rate
7.18%

Mortgage insurance
FHA MIP · $47
Conventional, 5% down $883a month

Down payment
$5,360

Cash to close
$8,576

Rate
7.18%

Mortgage insurance
PMI · $51
Conventional, 20% down, no PMI $723a month

Down payment
$21,440

Cash to close
$24,656

Rate
7.18%

Mortgage insurance
None
ITIN, 15% down (example) $822a month

Down payment
$16,080

Cash to close
$19,296

Rate
8.18%

Mortgage insurance
None

Four ways to pay for a typical home in Lima
Loan	Monthly payment	Down payment	Loan amount	Rate	Mortgage insurance	Cash to close	Minimum score
FHA, 3.5% down Least cash to close	$903	$3,752	$105,258	7.18%	FHA MIP · $47	$6,968	580
Conventional, 5% down	$883	$5,360	$101,840	7.18%	PMI · $51	$8,576	620*
Conventional, 20% down, no PMI	$723	$21,440	$85,760	7.18%	None	$24,656	620*
ITIN, 15% down (example)	$822	$16,080	$91,120	8.18%	None	$19,296	Set by the lender

The option that asks for the least cash to close is FHA, 3.5% down.

Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lima and for Allen County.

Property tax

Effective rate in Lima

1.09%of the home’s value each year

$1,165 a year for the typical owner in Lima.

Lima 1.09%
Allen 1.12%
Ohio 1.31%

What Ohio publishes Homestead exemption for seniors and people with disabilities (Ohio Department of Taxation)

Exemptions and deadlines in Ohio

Flood risk in Allen County

FEMA does not publish these numbers by city: they are for all of Allen County.

Homes in the high-risk zone: 1.6%; 630
Of those, with NFIP insurance: 17%

Homes in the high-risk zone and with NFIP insurance: Allen County, Ohio and the U.S.
Measure	County	Ohio	U.S.
Homes in the high-risk zone	1.6%	1.7%	3.5%
Of those, with NFIP insurance	17%	16%	48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lima

Typical rent in Lima is $903 a month: 2% below the county. In Lima, 42% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Allen County, by unit size. To pay the 2-bedroom one ($1,179 a month) without spending more than 30% of your income, you would need to earn $22.67 an hour working full time.

HUD fair market rent for all of Allen County

What you need to earn to pay it without spending more than 30% of income, working full time.

HUD fair market rent in Allen County (Fiscal year 2027)
Size	Fair rent a month	Hourly wage	Yearly income
Studio	$895	$17.21	$35,800
1 bedroom	$901	$17.33	$36,040
2 bedrooms	$1,179	$22.67	$47,160
3 bedrooms	$1,418	$27.27	$56,720
4 bedrooms	$1,571	$30.21	$62,840

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lima

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lima has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,150 in 45801 to $1,210 in 45805.

2 of the 3 are above the fair market rent for Allen County ($1,179).

Fair market rent by ZIP code and size in Lima, fiscal year 2027.

45801	$870	$880	$1,150	$1,380	$1,530
45804	$910	$920	$1,200	$1,440	$1,600
45805	$920	$920	$1,210	$1,460	$1,610

ZIP code 2 bd3 bd
45801 $1,150$1,380
45804 $1,200$1,440
45805 $1,210$1,460

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lima when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) (external site) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file (external site)

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lima

HUD lists 27 buildings with rents for lower incomes in Lima. These are the largest.

Scattered Site: Acquisition 936 W Robb Ave, Lima 45801 244 homes, 243 low-income · Run by Allen Metropolitan Housing Authority · Average payment: $417 a month · Average wait: 12 months · Homes at several sites (419) 228-6065
Lima Towers 790 S Main St, Lima 45804 200 low-income homes · For older adults (419) 227-7744
Maplewood/Northwood Apts 531 Brower Rd, Lima 45801 196 low-income homes · 1 bd: 32 · 2 bd: 104 · 3 bd: 44 · 4 bd: 16 · In service since 2007 · For families (419) 229-4488
Willow Lake Apt Homes 2260 Lake Circle Dr, Lima 45801 192 low-income homes · 1 bd: 88 · 2 bd: 96 · 3 bd: 8 · In service since 1998 · For older adults
Luther Pines 805 S Mumaugh Rd, Lima 45804 109 homes, 108 low-income · For older adults (419) 225-9045

See all 32 buildings in Allen County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lima

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Allen County; none says it serves in Spanish.

Local programs None For Lima or Allen County
Housing authorities None Named for Lima or Allen County
Counseling agencies 1 HUD-approved, with an office in Allen County
Local legal help None Serves Allen County

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Lima

No down payment, repair or rent-help program on our list is for Lima or Allen County. The ones below are statewide in Ohio: they work in Lima the same as in the rest of the state.

Which programs do I qualify for? All programs in Ohio

Your Choice! Down Payment Assistance

Statewide in Ohio

Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it. Offered by Ohio Housing Finance Agency (OHFA).

Forgivable

See the program Official page
Mortgage Tax Credit

Statewide in Ohio

Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic). Offered by Ohio Housing Finance Agency (OHFA).

Tax credit

See the program Official page

Housing counselors near Lima

The HUD-approved agencies closest to the center of Lima, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

WO
West Ohio Community Action Partnership

540 S Central Ave, Lima · 1 miles away
- Mortgage delinquency workshops
- Budget and financial counseling
- and 6 more
(419) 227-2586
NH
Neighborhood Housing Partnership of Greater Springfield, Inc.

527 E Home Rd, Springfield · 57 miles away
- Mortgage delinquency and default
- Budget and financial counseling
- and 6 more
(937) 322-4623
OS
Ohio State University Extension - Fulton County

8770 State Route 108, Suite A, Wauseon · 59 miles away
- Budget and financial counseling
- Workshops for new owners
- and 2 more
(419) 337-9210

Every agency in Allen County All counseling agencies in Ohio

Help in Spanish near Lima

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lima

In HUD’s record, no housing authority with an office in Allen County is named for Lima or Allen County.

One other authority has an office in Allen County: see the list Source: HUD

Legal help in Lima

No legal help resource on our list is for Lima or Allen County in particular.

If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.

Cities

Other cities in Allen County

These cities are also in Allen County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Allen County Housing in Ohio

Nearby cities

The cities closest to Lima, with the typical home value.

Neighboring counties

If Allen County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lima.

All guides

A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Lima

Short answers with the numbers for Lima and all of Allen County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lima?

The typical home value in Lima is $107,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Allen County it is $165,300.

How much does it cost to rent in Lima?

Typical rent in Lima is $903 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Allen County is $1,179.

What is the FHA loan limit in Lima?

Lima uses the FHA limit for all of Allen County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Lima?

The typical homeowner in Lima pays $1,165 a year, according to the U.S. Census Bureau. That is 1.09% of the home’s value; in Allen County, the rate is 1.12%.

Where can I find free help to buy or rent in Lima?

There is 1 HUD-approved counseling agency with an office in Allen County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).

Lima , Ohio

Lima in numbers

Market now, with Zillow data

What sets Lima apart

Housing in Lima

What would you pay each month for a home in Lima?

Your numbers

Lima and Allen County

Buying a home in Lima

Years of income to pay for a typical home

How prices have changed in Allen County

Lima next to Allen County, Ohio and the U.S.

Four ways to pay for a typical home in Lima

Two costs that change from place to place

Property tax

Flood risk in Allen County

Renting in Lima

HUD fair market rent for all of Allen County

Fair market rent by ZIP code in Lima

Low-income apartments in Lima

Help to buy or rent in Lima

Assistance programs in Lima

Your Choice! Down Payment Assistance

Mortgage Tax Credit

Housing counselors near Lima

Help in Spanish near Lima

Housing authorities of Lima

Legal help in Lima

Other cities in Allen County

Nearby cities

Neighboring counties

Guides for your next step

Housing questions about Lima

How much does a typical home cost in Lima?

How much does it cost to rent in Lima?

What is the FHA loan limit in Lima?

How much property tax do owners pay in Lima?

Where can I find free help to buy or rent in Lima?