Market Intelligence · OH / Lima

Lima, OH 45804 Housing Market

The typical home in Lima, OH 45804 is valued at $74,624, down 4.2% over the past year. The median list price stands at $127,450, with homes taking a median of 43 days to sell.

Updated September 2026Median value$75K

The median home value in Lima, OH 45804 is $75K as of September 2026, down 4.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 45804 range

$69K to $81K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-4.2% over 12 months

Sep 2025$78K

Low $75KHigh $81K

Sep 2026$75K

The numbers

What is the 45804 housing market like?

As of September 2026

Typical home value

$75K

4.2%YoY

Median list price

$127K

2.0%MoM

Days on market

23.2%MoM

Homes for sale

26.5%MoM

Price cuts

11.2%

4.8%MoM

New listings

50.0%MoM

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

The outlook

45804 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 45804 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 45804 fell 4.2%, per the Zillow Home Value Index.

Will home prices drop in 45804?

Zillow's forecast does not call for a drop: it expects typical home values in 45804 to rise 1.6% by September 2027, after a 4.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 45804 home prices compare?

45804$74,624
Lima$194,162
Ohio$222,406
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lima: 5 ZIPs; Ohio: 1,024 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 43 homes for sale in the 45804 area, with 10 new listings having entered the market. The median days on market of 43 suggests a moderate pace of sales activity. About 11.2% of listings have received price cuts, which reflects some seller adjustment in a softening market. The year-over-year decline in typical home value indicates that conditions favor buyers more than sellers right now.

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Down payment20% · $14,925

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Common questions

What people ask us.

What is the typical home value in 45804?

The typical home value in Lima, OH 45804 is $74,624, down 4.2% over the past year as of September 2026.

How long do homes take to sell in 45804?

The median days on market is 43 days as of September 2026.

What is the median list price in 45804?

The median list price is $127,450 as of September 2026.

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Nearby ZIP markets.

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