Market Intelligence · OH / Lima

Lima, OH 45805 Housing Market

The typical home in Lima, OH 45805 is worth $194,162, up 5.2% over the past year. The median list price stands at $194,200, with homes spending a median of 39 days on the market as of September 2026.

Updated September 2026Median value$194K

The median home value in Lima, OH 45805 is $194K as of September 2026, up 5.2% 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 45805 range

$179K to $210K

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

+5.2% over 12 months

Sep 2025$185K

Low $185KHigh $194K

Sep 2026$194K

The numbers

What is the 45805 housing market like?

As of September 2026

Typical home value

$194K

5.2%YoY

Median list price

$194K

2.4%MoM

Days on market

29.1%MoM

Homes for sale

6.8%MoM

Price cuts

28.9%

43.7%MoM

New listings

35.0%MoM

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

The outlook

45805 housing market forecast 2027

+3.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 45805 to rise 3.3% by September 2027.

Over the 12 months through September 2026, typical home values in 45805 rose 5.2%, per the Zillow Home Value Index.

Will home prices drop in 45805?

Zillow's forecast does not call for a drop: it expects typical home values in 45805 to rise 3.3% 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.

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

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The comparison

How do 45805 home prices compare?

45805$194,162
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

Lima's housing market shows steady fundamentals with 79 homes currently for sale and 26 new listings entering the market in September 2026. The median days on market of 39 reflects a reasonably active buyer pool, though nearly three in ten listings have already seen price reductions at 28.9%. Home values have appreciated modestly at 5.2% annually, suggesting a stable if not rapidly appreciating market. For sellers, this means pricing strategy matters more than hoping for bidding wars.

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Home price

Down payment20% · $38,832

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Common questions

What people ask us.

What is the typical home value in Lima, OH 45805?

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

How many homes are for sale in 45805?

There are 79 homes for sale as of September 2026, with 26 new listings added that month.

How long do homes typically stay on the market here?

The median days on market is 39 as of September 2026.

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Nearby ZIP markets.

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