Market Intelligence · OH / Lima

Lima, OH 45806 Housing Market

Typical home value in Lima, OH 45806 stands at $237,261, up 5.4% over the past year. The median list price is $283,725, with homes spending a median 42 days on market as of September 2026.

Updated September 2026Median value$237K

The median home value in Lima, OH 45806 is $237K as of September 2026, up 5.4% 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 45806 range

$218K to $256K

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

+5.4% over 12 months

Sep 2025$225K

Low $225KHigh $237K

Sep 2026$237K

The numbers

What is the 45806 housing market like?

As of September 2026

Typical home value

$237K

5.4%YoY

Median list price

$284K

1.5%MoM

Days on market

6.7%MoM

Homes for sale

5.3%MoM

Price cuts

8.4%

65.0%MoM

New listings

0.0%MoM

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

The outlook

45806 housing market forecast 2027

+3.4%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 45806 to rise 3.4% by September 2027.

Over the 12 months through September 2026, typical home values in 45806 rose 5.4%, per the Zillow Home Value Index.

Will home prices drop in 45806?

Zillow's forecast does not call for a drop: it expects typical home values in 45806 to rise 3.4% by September 2027, after a 5.4% 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 45806 home prices compare?

45806$237,261
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 modest inventory and steady absorption. There are 20 homes for sale, with 12 new listings added in September 2026. The median days on market of 42 suggests reasonable buyer interest, though the gap between median list price and typical home value indicates homes are listed above recent comparable sales. Only 8.4% of listings have received a price cut, suggesting most sellers are holding firm on initial pricing. If you're considering a sale, recognize that pricing realistically from the start may matter more than holding out for your asking number.

Monthly payment

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Home price

Down payment20% · $47,452

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Common questions

What people ask us.

What is a typical home worth in 45806?

Typical home value is $237,261, up 5.4% over the past year.

How long do homes typically stay on the market in 45806?

The median days on market is 42 as of September 2026.

How many homes are for sale in 45806?

There are 20 homes for sale, with 12 new listings as of September 2026.

Discover

Nearby ZIP markets.

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