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Example household · $83,730 · same pay · 1 adult

Lima

Housing in Lima, OH: Rent, Home Prices & Property Tax

$2,448 left/mo

$977/mo (1 bd) in Lima. Median home $158,400. Property tax 1.13%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$977
/mo
Buy
$1,158
Mortgage, tax, insurance
Buying costs more
$181
/mo

To buy

  • 20% down payment$31,680
  • Mortgage at 7.24%$864
  • Property tax (1.13% of value)$149/mo · $1,790/yr
  • Insurance and upkeep$145
  • Monthly total$1,158

Months to 20% down

$2,448 left each month. About 13 months (1.1 years) to save $31,680.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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