Real Estate Investing in Lima, Ohio (45807)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 45807 (Lima, OH)? 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lima, OH (45807)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 45807 Lima
Investors eyeing 45807 need to respect the fundamentals at play. Home values of $262K come alongside slower price movement and elevated management overhead.
For an experienced owner, 45807 can be a a solid fit for hunting ground — but the discount at $262K reflects genuine risk that outside investors often underestimate.
ZIP 45807's metrics run below Allen's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 45807 ZIP's population of 11,631 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that posts the need for careful underwriting.
New investors are better served looking at Lima's stable or hybrid ZIPs before stepping into 45807. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lima:
Property Strategy for 45807
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $72,525 | $900 | 8.9% | +8.6% | $72,525 |
| 2BR | $141,585 | $1,180 | 6.0% | +8.1% | $70,792 |
| 3BR | $251,873 | $1,420 | 4.1% | +7.8% | $83,958 |
| 4BR | $305,094 | $1,590 | 3.8% | +7.5% | $76,274 |
| 5BR | $375,354 | — | — | +6.3% | $75,071 |
Market Trends
Home Value History (with trend line)
📊 How Does 45807 Compare?
| Metric | 45807 | Lima | Ohio |
|---|---|---|---|
| Home Value | $262,150 | $136,889 | $237,530 |
| 5-Year CAGR | 6.5% | 5.2% | 7.4% |
| Avg Rent | $1,062 | $1,137 | - |
| Cap Rate | 3.2% | 6.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 45807 (Lima, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,150 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 20.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 45807
Population: 11,631
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 45807
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,790 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is it like being a landlord in Lima, OH?
Rental owners in Lima, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Which real estate strategy fits Lima, OH?
Most investors in Lima, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is housing expensive in Lima, OH?
Homes in Lima, OH typically sell near $262K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Does Lima, OH make sense for an investment property?
Investors tracking Lima, OH will find a 3.0/5 rating supported by $262K median home values and $1,062/mo rents. That profile suits long-term holders targeting measured returns.
How strong are rents in Lima, OH?
Lima, OH rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $262K acquisition costs.
You know 45807 now. You don’t know where it ranks.
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