A typical Lima home is worth roughly $161,000
What kind of housing town is Lima?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.2 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Lima home, with $158K to spare.
A two-bedroom rents for about $1,000 a month here, $130 more than owning.
How Lima ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lima’s typical property tax (0.21% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,000
Renters already here pay a median of $812, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (LaGrange County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
2 of Lima’s houses are on the National Register
Half of Lima’s homes were built before 1978.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.
Lima vs. its neighbors
Lima is the 2nd least expensive of 7 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lima | $161K* | — | $1,000 | — | $74,083 |
| Van Buren | $407K* | — | $980 | — | $100,385 |
| Clay | $232K* | +2.3%† | $970 | — | $100,648 |
| Bloomfield | $177K* | +2.4%† | $960 | — | $62,315 |
| Greenfield | $214K* | — | $1,020 | — | $64,911 |
| Sturgis | $213K | +3.3% | $1,060 | 2 | $69,958 |
| Fawn River | $148K* | +8.5%† | $1,070 | 6 | $79,167 |
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. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.