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Lima

Learn about the people, housing, costs and businesses in Lima

Median Home$160,769
Median Rent$922/month
Population101,348
Leading IndustryRetail22% of local workforce
Home Value Growth⬆⬆+11.7% over 2 years
Family-Friendly24% of residentsabove average nationally
Homeowners68% of occupied units
NotableAffordable Market$161k median home · lower cost than 93% of the country
Lima

Explore Lima

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lima?›

Mortgage rates for Lima are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Lima
What is the median home price in Lima?›

The median home value in Lima is $161k. The median monthly rent is $922. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lima?›

Home values in Lima have increased 11.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lima?›

Based on a typical all-in ownership cost of $915/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lima is $67k/year.

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What industries drive the economy in Lima?›

The largest employment sectors in Lima are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.