January's First-Time Homebuyer Report for Lima

Lima is a larger than average city in Pennsylvania with 2,735 residents. Its population is shrinking slightly slower than the rest of the state, at a 10-year growth rate of -8.3%. Keep in mind, 39.8% of the homes in Lima are owned, while 50.9% are rented. The top school in the city is Glenwood Elementary School.

Price Range

The median value of homes in Lima is $234,000, making it one of the most valuable areas in Pennsylvania. At the same time, the average list price of available homes is presently $241,382.

Curious as to which homes have been getting the most attention in Lima? These listings have stirred up interest and produced the most views:

$334K   $525K  

Typical Dwelling

The typical dwelling in Lima is a four-bedroom detached home worth about $423,425. To purchase a similar home, a buyer with good credit and a $84,685 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,493 monthly payment. The property tax rate is $20.05 per $1,000 of taxable assessed value.

Get started right now by checking out Lima homes for sale or reviewing Lima real estate trends.


Data reported through 1/12/2017

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RE/MAX ACHIEVERS
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Artisan Realty
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Artisan Realty
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