Lima, WI housing market
Home prices around Lima have risen about 40% over the past 5 years. No new homes were permitted in 2014.
Home values, sales, trends and how Lima compares with the towns next door — updated as new data is published.
Home prices up 40% in 5 years
The federal house price index for the ZIP code around Lima rose 40% over the past 5 years, slower than across Wisconsin (57%). Last year prices rose 2.8%.
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| Year | Change that year | Since 2000 | Wisconsin since 2000 |
|---|---|---|---|
| 2025 | +2.7% | +136% | +143% |
| 2024 | +6.9% | +129% | +131% |
| 2023 | +7% | +115% | +116% |
| 2022 | +11% | +101% | +95% |
| 2021 | +7.2% | +81% | +70% |
| 2020 | +3.8% | +69% | +54% |
| 2019 | +2.5% | +62% | +50% |
| 2018 | +3.2% | +59% | +43% |
| 2017 | +4.2% | +54% | +36% |
| 2016 | +2.3% | +47% | +29% |
| 2015 | +2.2% | +44% | +24% |
| 2014 | +1.1% | +41% | +21% |
| 2013 | +1% | +39% | +19% |
| 2012 | −0.4% | +38% | +19% |
| 2011 | −0.6% | +39% | +21% |
| 2010 | +1% | +39% | +25% |
| 2009 | +1.5% | +38% | +31% |
| 2008 | +0.5% | +36% | +36% |
| 2007 | +0.9% | +36% | +38% |
| 2006 | +5% | +34% | +36% |
| 2005 | +4.8% | +28% | +32% |
| 2004 | +6% | +22% | +21% |
| 2003 | +4% | +15% | +13% |
| 2002 | +5.6% | +11% | +9.3% |
| 2001 | +4.9% | +4.9% | +5.2% |
| 2000 | — | — | — |
How Lima ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 53818, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
No new homes permitted in 2014
No permits for new homes were issued in Lima in 2014. The last year with any was 2012 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $325,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $220,000 |
| 2009 | 2 | 2 | 0 | $336,000 |
| 2008 | 2 | 2 | 0 | $322,000 |
| 2007 | 3 | 3 | 0 | $458,000 |
| 2006 | 3 | 3 | 0 | $447,000 |
| 2005 | 2 | 2 | 0 | $276,000 |
| 2004 | 7 | 7 | 0 | $600,000 |
| 2003 | 3 | 3 | 0 | $369,000 |
Lima's permit office didn't report to the Census in 2014, so the 2014 figures are Census estimates.
How Lima ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Lima and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2014 | Median income |
|---|---|---|---|---|---|
| Lima | — | +2.8%† | $1,060 | 0 | $66,759 |
| Ellenboro | — | +3.4%† | $1,000 | — | $86,500 |
| Platteville | $261K | +5.1% | $1,060 | — | $82,321 |
| Belmont | $273K | +8.6% | $1,010 | — | $89,083 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Lima is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lima pay a median of $880, so moving in tends to cost more than staying put.
Studio $810 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (53818; Iowa County, WI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
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. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.