Real Estate Investing in Lima, New York
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Should you buy in Lima, NY? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Lima, NY?
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Market Trends — Lima, NY
Home Value History
Investing in Lima Real Estate
Lima, NY covers 1 ZIP codes and a population but the investment metrics here are lackluster — this is not a market to enter casually.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Lima is in that category.
Market conditions in Lima are underwhelming. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.
The 0% renter share in Lima masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.
Best ZIP codes in Rochester, NY
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Landlord Ground Truth
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🎓 Colleges & Universities in Lima
ZIP Codes in Lima, NY
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View PlansFrequently Asked Questions About Lima, NY
Is housing expensive in Lima, NY?
In Lima, NY the median home value sits at $310K. Against the broader NY market, that reads as reasonable for most investors.
Is Lima, NY good for landlords?
Landlord-friendliness in Lima, NY is tenant-protective. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do rentals sit vacant long in Lima, NY?
Lima, NY sees elevated vacancy, which is reasonable relative to the broader NY rental market.
What do rentals go for in Lima, NY?
Expect rents around $1,161/mo per month in Lima, NY. With home values at $310K, the yield math works out to reasonable levels for rental investors.
How strong is the working-renter base in Lima, NY?
Lima, NY draws a even-keeled base of working renters. Demand at the $1,161/mo rent level is reasonable for standard single-family and small multi rentals.
Community Ratings
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