The typical owner-occupied home in North Lima is worth about $347,100, 62% above the Ohio median of $214,800 and 4% above the national median of $332,700. Owners pay a median $4,228 a year in property taxes, about 1.22% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $102,759 a year, so the median home costs 3.4 times the median income (3.0 times for Ohio). 100% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
North Lima at a glance
| North Lima | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $347,100 | $214,800 | $332,700 |
| Median property tax paid per year | $4,228 | $2,822 | $3,119 |
| Property tax as a share of value | 1.22% | 1.31% | 0.94% |
| Median household income | $102,759 | $71,389 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 52% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,882 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.6% | 21.0% |
| Median rent | – | $1,034 | $1,413 |
| Median year homes were built | 1989 | 1970 | 1980 |
| Vacant homes | 6.1% | 8.1% | 10.1% |
| Population | 1,208 | 11,810,293 | 334,922,499 |
What a typical home costs per month in North Lima
At this week's average 30-year rate of 7.11%, buying the median North Lima home of $347,100 with 20% down costs about $2,365 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,944, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $101,378 for the 20%-down payment. That payment is 28% of the median North Lima household income of $102,759; at that income and 20% down, the 28% guideline points to a home of about $352,000.
| Down payment | $69,420 |
|---|---|
| Loan amount | $277,680 |
| Principal and interest | $1,868 |
| Property taxes (1.22% a year) | $353 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,365 |
Change the numbers in the calculator
| Down payment | $12,148 |
|---|---|
| Loan amount | $340,813 |
| Principal and interest | $2,293 |
| Property taxes (1.22% a year) | $353 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,944 |
Change the numbers in the calculator
Questions about home buying in North Lima
What is the median home value in North Lima?
About $347,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North Lima?
Homeowners pay a median $4,228 a year, which is about 1.22% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in North Lima?
For the median home with 20% down at 7.11%, the payment is about $2,365 a month. Keeping that under 28% of gross income takes about $101,378 a year.
More about North Lima
- Mortgage Refinance in North Lima
- Debt Relief in North Lima
- Home Equity Loans in North Lima
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data