Housing in New Lyme

A typical New Lyme home is worth roughly $104,000

Typical home value

$104K

OH $249K

Estimate

2-bedroom rent

$1,200

a month, utilities in · HUD

Median tax bill

$1,632

OH $2,822

What kind of housing town is New Lyme?

Read from the numbers below. The page puts what stands out first.

Your money goes further58% below the Ohio typical home.Older homesThe typical home was built around 1955.

★ What stands out · Affordability

A typical home costs 1.9 years of income

Less than across Ohio (3.5 years). Try your own numbers below.

You could afford about

$196,000

Typical New Lyme home $104K

That covers a typical New Lyme home, with $92K to spare.

The typical home, each month

$680

Loan $520Tax $140Insurance $30

A two-bedroom rents for about $1,200 a month here, $520 more than owning.

Where your budget reaches nearby

Lenox$196K Cherry Valley$190K Rome$185K Colebrook$161K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, New Lyme’s typical property tax (1.56% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

85% of New Lyme households own their home

Half of New Lyme’s homes were built before 1955.

Owners and renters

Own 85%Rent 15%

Ohio: 67% own.

1955

typical home built · OH 1970

$1,632

median property tax bill · OH $2,822

1.56%

of a home’s value, a year in tax · OH 1.31%

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $1,200

Renters already here pay a median of $855, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$830

1 bedroom$970

2 bedrooms$1,200

3 bedrooms$1,460

4 bedrooms$1,650

15%

of households rent · OH 33%

renter households

88%

of renters spend 30%+ of income on rent · OH 46%

26%

of the median income, for a two-bedroom

$855

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Ashtabula County, OH HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

New Lyme vs. its neighbors

New Lyme is the least expensive of 5 neighboring towns. Tap one to see its housing page.

Lenox$196K Cherry Valley$190K Rome$185K Colebrook$161K New Lyme$104K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
New Lyme	$104K*	—	$1,200	$54,915
Lenox	$196K*	+8.4%†	$1,160	$49,474
Cherry Valley	$190K*	−5.1%†	$1,110	$60,476
Rome	$185K*	—	$1,240	$80,714
Colebrook	$161K*	+2.6%†	$1,040	$60,455

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 New Lyme buyers, sellers and renters are saying.

Town Square →

Weigh in

Is New Lyme still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.