Lima, OH Foreclosed Homes & Properties

Foreclosure Homes in Lima, OH: What You Need to Know

Nestled in Ohio’s northwestern region near I-75, Lima is a city on the smaller side that is bursting with charm and friendliness. With plentiful shops, restaurants, and entertainment options as well as exceptional opportunities for personal growth, Lima is a great place to live for residents of all lifestyles.

Lima, OH Demographics

Lima is currently home to around 36,659 residents as of a recent 2019 estimate. The city contains 16,784 total housing units including family homes and rental properties, and the average density of Lima’s housing units is around 1,237 per square mile. Lima is home to around 8,319 distinct families and 14,221 households, 41.5% percent of which are non-families. The median age of Lima residents is about 33 years old. 

Local Culture

Lima has produced a variety of writers and poets that have published works about their experience in Lima and beyond including Phyllis Diller, James Green, Lynn Lauber, and Marilyn R. Stark. The city supports a thriving performing arts sector and encourages arts education throughout its schools. The Lima Symphony Orchestra is one of the primary cultural contributors in the city, an ensemble that first debuted in 1954. 

Things to Do in Lima, NC

Lima is an exceptional city to live in for families with young kids. The city offers several family-friendly attractions including the Allen County Museum, a facility in which to learn about the region’s history; Ottawa Metro Park, an amusement park that features a water slide, playground, sports courts, and more; and the Ohio Caverns, a local wonder that features colorful and mysterious natural caverns to tour and learn about. 

What is the Cost of Living in Lima, NC?

Living cost averages already tend to be low in Ohio at large, and living in Lima tends to be even more affordable. Though Lima residents usually pay more than the average American for utilities such as water, power, and gas and miscellaneous costs like entertainment, they save significantly on other expenses like transportation, healthcare, and groceries. 

What is the Housing Availability in Lima, NC?

Lima is ranked among the most affordable cities in terms of housing. On average, a family home in Lima costs around 20% of what a family home in a typical American city would cost. Though home prices vary based on location, size, and design features, most families in Lima won’t pay much more than $45,000 for their home compared to the U.S. average of $231,200.