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Market Intelligence · OH / Allen County

Lima, OH home prices and housing market

5 ZIP markets liveData updated September 2026Typical value$194K1-yr changeUp5.2%

The typical home value in Lima, OH is $194K as of September 2026, up 5.2% from a year ago, based on the Zillow Home Value Index. In the typical Lima ZIP code, the median list price is $194K and homes spend a median of 42 days on market as of September 2026 (Realtor.com).

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The coverage

Lima, by the numbers.

Typical home valueZillow ZHVI, September 2026
$194K
1-yr changeMedian across Lima ZIPs
+5.2%
ZIP markets live6 tracked in Lima
5
County
Allen County

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12-month value trend

+5.2% over 12 months

Typical home value in Lima over the last 12 months: $185K in Sep 2025 to $194K in Sep 2026 (+5.2%).

Sep 2025$185K

Sep 2026$194K

Median Zillow home value index across Lima's ZIP codes.

Context

Lima's housing market shows steady ground in September 2026. The typical home value sits at $194,162, up 5.2% over the past year. There are 230 homes currently for sale with a median list price of $194,200. Homes spend a median of 42 days on market, and 15.5% of current listings have seen a price cut. The market is moving at a moderate pace, which means sellers should be realistic about pricing and prepared for negotiations.

The numbers

What is the housing market like in Lima, OH?

Typical home value

$194K

Up5.2%YoY

Median list price

$194K

Days on market

42

Homes for sale

230

Price cuts

15.5%

New listings

94

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Lima's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Lima, OH home prices over time

Typical home values in Lima, OH are up 5.2% over the past year, from $185K in September 2025 to $194K in September 2026.

Typical home value in Lima, OH, September of each year
MonthTypical value1-yr change
September 2026$194,162+5.2%
September 2025$184,503No prior year

Typical value is the median Zillow Home Value Index across Lima ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Lima, OH a buyer's or seller's market?

Lima, OH is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 42 days on market and 16% of listings with a price cut in the typical Lima ZIP code, and 94 new listings against 230 active listings across Lima, as of September 2026 (Realtor.com).

The outlook

Lima housing market forecast 2027

+3.2%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 5 Lima ZIP codes, points to typical home values rising 3.2% by September 2027.

Over the 12 months through September 2026, typical home values in Lima rose 5.2%, per the Zillow Home Value Index.

Will home prices drop in Lima?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Lima shows typical home values rising 3.2% by September 2027, after a 5.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 5 Lima ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Lima ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 6 Lima ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Lima, OH home prices.

How much is a home in Lima worth?

The typical home value in Lima is $194,162 as of September 2026, up 5.2% from the prior year.

How long do homes take to sell in Lima?

The median days on market is 42, meaning a typical home takes around six weeks to sell.

Are there many homes for sale in Lima?

There are 230 homes for sale as of September 2026, with 94 new listings added recently. About 15.5% of current listings have experienced a price cut.

Are home prices going up or down in Lima, OH?

Typical home values in Lima, OH are up 5.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Lima, OH a buyer's or seller's market?

Lima, OH is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 42 days on market and 16% of listings with a price cut in the typical Lima ZIP code, and 94 new listings against 230 active listings across Lima, as of September 2026 (Realtor.com).

Nearby markets

More Ohio housing markets.

The market is moving

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