A typical Lima home is worth roughly $196,000
What kind of housing town is Lima?
Read from the numbers below. The page puts what stands out first.
A typical home costs 4.2 years of income
More than across Illinois (3.6 years). Try your own numbers below.
That’s $27K short of a typical Lima home.
A two-bedroom rents for about $1,060 a month here, $210 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lima’s typical property tax (1.46% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
95% of Lima households own their home
Half of Lima’s homes were built before 1949.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,060
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Adams County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Lima vs. its neighbors
Lima is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Lima buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.