LIMA Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Lima averaged 6.68% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.79% and one month ago for the week of 2024-10-10, the average rate was 6.22%.

    Lima's average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Lima 30 Year Fixed Rate 2024-11-14 6.68%
    Lima 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Lima 15 Year Fixed Rate 2024-11-14 5.99%
    Lima 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Lima 30 Year FHA 2024-11-14 0.3%
    Lima 30 Year FHA Refi 2024-11-14 -0.1%
    Lima 30 Year USDA 2024-11-14 0%
    Lima 30 Year USDA Refi 2024-11-14 0.2%
    Lima 30 Year VA 2024-11-14 0.12%
    Lima 30 Year VA Refi 2024-11-14 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within LIMA, OH.

    LIMA Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the LIMA, OH market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Superior Credit Union, Inc. 156 6.61% $3,179
    The Union Bank Company 45 6.68% $3,607
    The Citizens National Bank of Bluffton 41 6.90% $2,968
    SUPERIOR FINANCIAL SOLUTIONS, LLC 37 6.74% $3,689
    The State Bank and Trust Company 24 6.69% $4,016
    LOANDEPOT.COM, LLC 23 7.00% $4,342
    JPMorgan Chase Bank 22 6.84% $2,828
    The Huntington National Bank 19 7.06% $3,807
    U.S. Bank 18 6.99% $2,987
    CROSSCOUNTRY MORTGAGE, LLC 18 7.02% $6,196
    First Federal Bank of the Midwest 17 6.84% $3,524
    QUICKEN LOANS, LLC 16 6.86% $6,223
    Fifth Third Bank 16 6.49% $3,955
    The Middlefield Banking Company 10 6.38% $3,735
    UNION HOME MORTGAGE CORP. 8 7.30% $6,155
    GUARANTEED RATE, INC. 8 6.66% $4,287
    The Federal Savings Bank 6 7.29% $4,688
    HONDA Federal Credit Union 5 6.70% $3,135
    Mortgage Research Center, LLC 4 6.78% $2,719
    UNITED WHOLESALE MORTGAGE, LLC 3 7.21% $4,070
    GENEVA FINANCIAL, LLC 3 7.46% $4,932
    Minster Bank 3 6.29% $3,436
    THRIVE MORTGAGE, LLC 2 6.31% $5,453
    Bank of America 2 6.50% $610
    CALIBER HOME LOANS, INC. 2 7.50% $5,225
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.99% $4,954
    Farm Credit Mid-America, ACA 2 6.50% $8,253
    Fidelity Federal Savings and Loan Association 2 5.94% $4,515
    Flagstar Bank, FSB 2 7.13% $7,290
    HOMESIDE FINANCIAL, LLC 2 7.68% $5,367
    NAVY FEDERAL CREDIT UNION 2 7.44% $3,055
    RUOFF MORTGAGE COMPANY, INC. 2 7.25% $3,763
    The Park National Bank 2 7.56% $4,395
    Third Federal Savings and Loan Association of Cleveland 2 5.99% $3,313
    Union Savings Bank 2 6.88% $2,737
    Mr. Cooper ( Nationstar Mortgage ) 1 6.38% $6,844
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $6,262
    Nations Lending Corporation 1 7.75% $5,830
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.88% $2,674
    BAYSHORE MORTGAGE FUNDING, LLC 1 8.00% $4,543
    NBKC BANK 1 7.63% $3,212
    NEWREZ LLC 1 6.99% $2,871
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $5,144
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $9,875
    GENERAL ELECTRIC CREDIT UNION 1 5.75% $3,713
    RBC Bank, (Georgia) 1 6.50% $2,203
    ROYAL UNITED MORTGAGE LLC 1 7.50% $8,040
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $6,861
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.63% $6,702
    Flanagan State Bank 1 6.38% $2,720
    First National Bank of Pennsylvania 1 6.25% $4,246
    T2 FINANCIAL LLC 1 6.99% $4,221
    First Financial Bank 1 7.25% $4,468
    Evolve Bank & Trust 1 5.88% $4,677
    Discover Bank 1 7.49% $0
    DEVELOPER'S MORTGAGE COMPANY 1 7.50% $6,383
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 7.25% $7,958
    The Richwood Banking Company 1 7.38% $2,182
    Civista Bank 1 6.38% $3,244
    CARDINAL FINANCIAL 1 6.63% $6,237
    Wells Fargo Bank 1 5.88% $0
    21ST MORTGAGE CORPORATION 1 9.83% $5,236
    Truist 1 5.98% $4,227
    BROKER SOLUTIONS, INC. 1 6.50% $6,343
    Western Ohio Mortgage Corporation 1 6.63% $3,902
    LENDSURE MORTGAGE CORP. 1 9.38% $12,178
    MID AMERICA MORTGAGE, INC. 1 5.88% $6,656
    LAKE MICHIGAN CREDIT UNION 1 6.63% $2,846
    MORTGAGE ACCESS CORP. 1 6.38% $5,871
    KeyBank 1 7.50% $3,834

    LIMA Average Closing Costs & Other Stats

    LIMA, OH's 70 lenders originated 1,929 loans during 2023. The total origination value was $269,785,000, with an average loan value of $139,857.

    LIMA's average closing costs are $3,866.

    The top LIMA lender as defined by loan originations is Superior Credit Union, Inc., with 156 loans originated. Their average total fees are $3,179, which is $428 lower than the next largest lender, The Union Bank Company.

    The lowest fee LIMA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($2,828), The Citizens National Bank of Bluffton ($2,968), U.S. Bank ($2,987), Superior Credit Union, Inc. ($3,179) and First Federal Bank of the Midwest ($3,524).

    The lowest rate LIMA lenders (with over 10 loans originated) are The Middlefield Banking Company (6.38%), Fifth Third Bank (6.49%), Superior Credit Union, Inc. (6.61%), The Union Bank Company (6.68%) and The State Bank and Trust Company (6.69%).

    LIMA, OH Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Superior Credit Union, Inc. $82,220,000 $61,770,000 -24.9% 22.9%
    The Citizens National Bank of Bluffton $23,920,000 $16,535,000 -30.9% 6.1%
    The Union Bank Company $35,520,000 $13,345,000 -62.4% 4.9%
    LOANDEPOT.COM, LLC $17,920,000 $11,030,000 -38.4% 4.1%
    QUICKEN LOANS, LLC $13,445,000 $9,705,000 -27.8% 3.6%
    SUPERIOR FINANCIAL SOLUTIONS, LLC $5,525,000 $9,485,000 71.7% 3.5%
    The State Bank and Trust Company $5,435,000 $9,220,000 69.6% 3.4%
    The Huntington National Bank $11,495,000 $8,845,000 -23.1% 3.3%
    First Federal Bank of the Midwest $11,520,000 $7,180,000 -37.7% 2.7%
    Mortgage Research Center, LLC $4,140,000 $6,620,000 59.9% 2.5%
    NORTHMARQ CAPITAL FINANCE, L.L.C. $6,580,000 n/a 2.4%
    CROSSCOUNTRY MORTGAGE, LLC $6,890,000 $6,495,000 -5.7% 2.4%
    The First National Bank of Pandora $8,930,000 $6,425,000 -28.1% 2.4%
    Fifth Third Bank $11,575,000 $5,145,000 -55.6% 1.9%
    Servion, Inc. $6,685,000 $4,170,000 -37.6% 1.5%
    JPMorgan Chase Bank $8,925,000 $4,070,000 -54.4% 1.5%
    LCNB National Bank $4,005,000 n/a 1.5%
    U.S. Bank $3,610,000 $3,715,000 2.9% 1.4%
    The Middlefield Banking Company $3,060,000 n/a 1.1%
    MYCUMORTGAGE, LLC $2,075,000 $3,050,000 47.0% 1.1%
    UNION HOME MORTGAGE CORP. $1,830,000 $2,850,000 55.7% 1.1%
    GUARANTEED RATE, INC. $185,000 $2,400,000 1,197.3% 0.9%
    UNITED WHOLESALE MORTGAGE, LLC $3,375,000 $2,370,000 -29.8% 0.9%
    Merchants Capital Corp. $2,305,000 n/a 0.9%
    Carrington Mortgage Services, LLC $1,075,000 $1,945,000 80.9% 0.7%
    NAVY FEDERAL CREDIT UNION $2,230,000 $1,920,000 -13.9% 0.7%
    CRESCENT MORTGAGE COMPANY $1,625,000 n/a 0.6%
    The Federal Savings Bank $1,525,000 n/a 0.6%
    HONDA Federal Credit Union $2,325,000 $1,210,000 -48.0% 0.4%
    GENEVA FINANCIAL, LLC $620,000 $1,200,000 93.5% 0.4%
    LIMA ONE CAPITAL, LLC $75,000 $1,195,000 1,493.3% 0.4%
    Farm Credit Mid-America, ACA $990,000 $1,080,000 9.1% 0.4%
    GENERAL ELECTRIC CREDIT UNION $115,000 $1,015,000 782.6% 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,000,000 $1,010,000 -49.5% 0.4%
    The Richwood Banking Company $3,555,000 $1,010,000 -71.6% 0.4%
    NEWREZ LLC $525,000 $960,000 82.9% 0.4%
    FREEDOM MORTGAGE CORPORATION $1,235,000 $950,000 -23.1% 0.4%
    RUOFF MORTGAGE COMPANY, INC. $770,000 $885,000 14.9% 0.3%
    BROKER SOLUTIONS, INC. $1,045,000 $880,000 -15.8% 0.3%
    PENNYMAC LOAN SERVICES, LLC $970,000 $875,000 -9.8% 0.3%
    HOMESIDE FINANCIAL, LLC $1,625,000 $840,000 -48.3% 0.3%
    First Financial Bank $1,425,000 $825,000 -42.1% 0.3%
    Flagstar Bank, FSB $1,070,000 $780,000 -27.1% 0.3%
    AG Credit, Agricultural Credit Association $1,205,000 $770,000 -36.1% 0.3%
    Minster Bank $290,000 $760,000 162.1% 0.3%
    Citizens Bank $120,000 $755,000 529.2% 0.3%
    Union Savings Bank $1,060,000 $725,000 -31.6% 0.3%
    Third Federal Savings and Loan Association of Cleveland $530,000 $710,000 34.0% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $1,605,000 $705,000 -56.1% 0.3%
    The Park National Bank $690,000 n/a 0.3%
    USAA Federal Savings Bank $540,000 $680,000 25.9% 0.3%
    Fidelity Federal Savings and Loan Association $660,000 n/a 0.2%
    First State Bank Nebraska $595,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $95,000 $575,000 505.3% 0.2%
    21ST MORTGAGE CORPORATION $235,000 $560,000 138.3% 0.2%
    Evolve Bank & Trust $505,000 $545,000 7.9% 0.2%
    HOWARD HANNA FINANCIAL SERVICES, INC. $530,000 n/a 0.2%
    ENDEAVOR CAPITAL, LLC. $525,000 n/a 0.2%
    HOMEXPRESS MORTGAGE CORP. $510,000 n/a 0.2%
    VILLAGE CAPITAL MORTGAGE $525,000 $510,000 -2.9% 0.2%
    Bank of America $505,000 n/a 0.2%
    Discover Bank $100,000 $495,000 395.0% 0.2%
    PENTAGON FEDERAL CREDIT UNION $155,000 $490,000 216.1% 0.2%
    Wells Fargo Bank $800,000 $470,000 -41.3% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $595,000 $455,000 -23.5% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $430,000 n/a 0.2%
    LENDINGHOME FUNDING CORPORATION $95,000 $425,000 347.4% 0.2%
    SECURITYNATIONAL MORTGAGE COMPANY $80,000 $410,000 412.5% 0.2%
    PNC Bank $790,000 $405,000 -48.7% 0.2%
    POLARIS HOME FUNDING CORP. $465,000 $390,000 -16.1% 0.1%
    PLANET HOME LENDING, LLC $270,000 $385,000 42.6% 0.1%
    SIWELL, INC. $85,000 $385,000 352.9% 0.1%
    WRIGHT-PATT CREDIT UNION, INC. $165,000 $385,000 133.3% 0.1%
    CALIBER HOME LOANS, INC. $1,250,000 $380,000 -69.6% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,595,000 $370,000 -76.8% 0.1%
    MOVEMENT MORTGAGE, LLC $365,000 n/a 0.1%
    MORTGAGE ACCESS CORP. $355,000 n/a 0.1%
    THRIVE MORTGAGE, LLC $435,000 $350,000 -19.5% 0.1%
    LENDSURE MORTGAGE CORP. $335,000 n/a 0.1%
    NBKC BANK $335,000 n/a 0.1%
    DAS Acquisition Company, LLC $325,000 $330,000 1.5% 0.1%
    Western Ohio Mortgage Corporation $330,000 n/a 0.1%
    First Federal Community Bank of Bucyrus $325,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $325,000 n/a 0.1%
    SUMMIT FUNDING, INC. $325,000 n/a 0.1%
    NATIONS DIRECT MORTGAGE, LLC $315,000 n/a 0.1%
    Truist $315,000 n/a 0.1%
    DEVELOPER'S MORTGAGE COMPANY $295,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $315,000 $280,000 -11.1% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $15,000 $280,000 1,766.7% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $265,000 n/a 0.1%
    INTERCAP LENDING INC. $265,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $145,000 $260,000 79.3% 0.1%
    Florida Capital Bank $255,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $905,000 $245,000 -72.9% 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $245,000 n/a 0.1%
    Flanagan State Bank $240,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $145,000 $240,000 65.5% 0.1%
    MID AMERICA MORTGAGE, INC. $445,000 $235,000 -47.2% 0.1%
    MICHIGAN MUTUAL, INC. $225,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $225,000 n/a 0.1%
    First Bank of Berne $110,000 $205,000 86.4% 0.1%
    First National Bank of Pennsylvania $205,000 n/a 0.1%
    Nations Lending Corporation $535,000 $205,000 -61.7% 0.1%
    Residential Mortgage Solutions, Inc. $205,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $195,000 n/a 0.1%
    North American Savings Bank, F.S.B. $145,000 $185,000 27.6% 0.1%
    Barrington Bank & Trust Company, N.A. $175,000 n/a 0.1%
    First Merchants Bank $175,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $175,000 n/a 0.1%
    Coastal Community Bank $170,000 n/a 0.1%
    Premium Mortgage Corporation $165,000 n/a 0.1%
    SPRING EQ, LLC $205,000 $160,000 -22.0% 0.1%
    Figure Lending LLC $660,000 $150,000 -77.3% 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $145,000 n/a 0.1%
    FIRST OHIO HOME FINANCE, INC. $170,000 $135,000 -20.6% 0.1%
    LOANPAL, LLC $205,000 $135,000 -34.1% 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $135,000 n/a 0.1%
    Strong Home Mortgage, LLC $135,000 n/a 0.1%
    The Sherwood State Bank $130,000 n/a 0.0%
    KeyBank $445,000 $125,000 -71.9% 0.0%
    Civista Bank $115,000 n/a 0.0%
    RBC Bank, (Georgia) $115,000 n/a 0.0%
    Dollar Bank, Federal Savings Bank $295,000 $105,000 -64.4% 0.0%
    T2 FINANCIAL LLC $980,000 $105,000 -89.3% 0.0%
    CARDINAL FINANCIAL $605,000 $95,000 -84.3% 0.0%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $90,000 n/a 0.0%
    NFM, INC. $495,000 $75,000 -84.8% 0.0%
    PARTNERS 1ST Federal Credit Union $275,000 $65,000 -76.4% 0.0%
    Pathways Financial Credit Union, Inc. $65,000 n/a 0.0%
    LAKE MICHIGAN CREDIT UNION $55,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $55,000 $50,000 -9.1% 0.0%
    QUORUM FEDERAL CREDIT UNION $135,000 $45,000 -66.7% 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $35,000 n/a 0.0%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $25,000 n/a 0.0%
    Three Rivers Federal Credit Union $465,000 $25,000 -94.6% 0.0%
    KEMBA FINANCIAL $35,000 $15,000 -57.1% 0.0%

    LIMA's top lender by overall market share is Superior Credit Union, Inc., with 22.9% market share. In second place, with 6.1%, is The Citizens National Bank of Bluffton, having originated $16,535,000 in loans. In third place, with 4.9%, is The Union Bank Company, having originated $13,345,000 in loans. In fourth place, with 4.1%, is LOANDEPOT.COM, LLC, having originated $11,030,000 in loans. In fifth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $9,705,000 in loans.

    LIMA Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - LIMA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $97,000 (7.9%) $157,175 (4.7%) 0.00 331
    2018-02-01 $99,900 (2.5%) $157,090 (-1.7%) 0.00 327
    2018-03-01 $119,500 (19.6%) $173,077 (8.9%) 0.00 316
    2018-04-01 $124,550 (31.2%) $187,163 (18.7%) 0.00 299
    2018-05-01 $128,950 (41.4%) $191,915 (24.6%) 0.00 308
    2018-06-01 $125,000 (39.0%) $189,133 (26.9%) 0.00 314
    2018-07-01 $124,675 (27.9%) $183,099 (21.5%) 0.00 355
    2018-08-01 $124,900 (25.2%) $176,205 (14.8%) 0.00 378
    2018-09-01 $128,900 (14.6%) $177,705 (13.4%) 0.00 360
    2018-10-01 $126,700 (18.3%) $176,439 (15.9%) 0.00 354
    2018-11-01 $123,650 (18.9%) $169,372 (8.5%) 0.00 335
    2018-12-01 $119,000 (25.3%) $166,435 (8.3%) 0.00 313
    2019-01-01 $124,900 (28.8%) $164,715 (4.8%) 0.00 277
    2019-02-01 $127,400 (27.5%) $161,263 (2.7%) 0.00 257
    2019-03-01 $133,157 (11.4%) $168,423 (-2.7%) 0.00 248
    2019-04-01 $139,225 (11.8%) $169,755 (-9.3%) 0.00 247
    2019-05-01 $149,900 (16.3%) $179,625 (-6.4%) 0.00 256
    2019-06-01 $139,986 (12.0%) $174,244 (-7.9%) 0.00 292
    2019-07-01 $139,675 (12.0%) $181,927 (-0.6%) 0.00 280
    2019-08-01 $137,224 (9.9%) $183,202 (4.0%) 0.00 288
    2019-09-01 $133,104 (3.3%) $178,451 (0.4%) 0.00 299
    2019-10-01 $129,925 (2.6%) $174,147 (-1.3%) 0.00 306
    2019-11-01 $134,500 (8.8%) $176,032 (3.9%) 0.00 293
    2019-12-01 $127,450 (7.1%) $189,462 (13.8%) 0.00 173
    2020-01-01 $119,750 (-4.1%) $177,177 (7.6%) 0.00 164
    2020-02-01 $128,500 (0.9%) $169,234 (4.9%) 0.00 228
    2020-03-01 $133,950 (0.6%) $175,942 (4.5%) 0.00 239
    2020-04-01 $137,950 (-0.9%) $181,831 (7.1%) 0.00 231
    2020-05-01 $153,900 (2.7%) $187,960 (4.6%) 0.00 205
    2020-06-01 $142,250 (1.6%) $186,681 (7.1%) 0.00 199
    2020-07-01 $155,150 (11.1%) $198,465 (9.1%) 0.00 195
    2020-08-01 $159,900 (16.5%) $209,822 (14.5%) 0.00 185
    2020-09-01 $169,150 (27.1%) $217,485 (21.9%) 0.00 186
    2020-10-01 $169,700 (30.6%) $212,743 (22.2%) 0.00 189
    2020-11-01 $158,250 (17.7%) $208,405 (18.4%) 0.00 171
    2020-12-01 $159,000 (24.8%) $211,698 (11.7%) 0.00 160
    2021-01-01 $152,500 (27.4%) $216,284 (22.1%) 0.00 134
    2021-02-01 $157,475 (22.6%) $219,350 (29.6%) 0.00 112
    2021-03-01 $139,450 (4.1%) $212,562 (20.8%) 0.00 112
    2021-04-01 $122,400 (-11.3%) $204,050 (12.2%) 0.00 101
    2021-05-01 $122,450 (-20.4%) $203,309 (8.2%) 0.00 101
    2021-06-01 $119,900 (-15.7%) $195,372 (4.7%) 0.00 113
    2021-07-01 $59,900 (-61.4%) $135,253 (-31.9%) 0.00 220
    2021-08-01 $72,975 (-54.4%) $149,467 (-28.8%) 0.00 231
    2021-09-01 $81,500 (-51.8%) $160,363 (-26.3%) 0.00 217
    2021-10-01 $90,000 (-47.0%) $164,731 (-22.6%) 0.00 219
    2021-11-01 $86,975 (-45.0%) $166,510 (-20.1%) 0.00 206
    2021-12-01 $89,900 (-43.5%) $168,049 (-20.6%) 0.00 192
    2022-01-01 $146,950 (-3.6%) $222,639 (2.9%) 0.00 107
    2022-02-01 $174,300 (10.7%) $244,192 (11.3%) 0.00 90
    2022-03-01 $196,750 (41.1%) $260,114 (22.4%) 0.00 81
    2022-04-01 $149,700 (22.3%) $236,571 (15.9%) 0.00 79
    2022-05-01 $174,000 (42.1%) $244,212 (20.1%) 0.00 89
    2022-06-01 $190,425 (58.8%) $235,501 (20.5%) 0.00 127
    2022-07-01 $205,000 (242.2%) $246,632 (82.4%) 0.00 138
    2022-08-01 $214,175 (193.5%) $250,046 (67.3%) 0.00 150
    2022-09-01 $194,925 (139.2%) $233,467 (45.6%) 0.00 155
    2022-10-01 $199,950 (122.2%) $229,544 (39.3%) 0.00 166
    2022-11-01 $182,425 (109.7%) $212,169 (27.4%) 0.00 160
    2022-12-01 $171,950 (91.3%) $213,323 (26.9%) 0.00 153
    2023-01-01 $166,538 (13.3%) $210,447 (-5.5%) 0.00 133
    2023-02-01 $176,250 (1.1%) $223,128 (-8.6%) 0.00 103
    2023-03-01 $181,225 (-7.9%) $229,529 (-11.8%) 0.00 96
    2023-04-01 $215,000 (43.6%) $249,026 (5.3%) 0.00 101
    2023-05-01 $227,475 (30.7%) $250,051 (2.4%) 0.00 110
    2023-06-01 $239,900 (26.0%) $262,076 (11.3%) 0.00 107
    2023-07-01 $231,200 (12.8%) $251,745 (2.1%) 0.00 110
    2023-08-01 $199,225 (-7.0%) $224,467 (-10.2%) 0.00 133
    2023-09-01 $199,950 (2.6%) $230,361 (-1.3%) 0.00 128
    2023-10-01 $189,475 (-5.2%) $219,897 (-4.2%) 0.00 144
    2023-11-01 $164,350 (-9.9%) $201,090 (-5.2%) 0.00 162
    2023-12-01 $150,000 (-12.8%) $190,034 (-10.9%) 0.00 178
    2024-01-01 $131,175 (-21.2%) $173,732 (-17.5%) 0.00 168
    2024-02-01 $131,150 (-25.6%) $178,541 (-20.0%) 0.00 144
    2024-03-01 $212,500 (17.3%) $251,900 (9.8%) 0.00 94
    2024-04-01 $236,750 (10.1%) $286,846 (15.2%) 0.00 109
    2024-05-01 $247,425 (8.8%) $286,889 (14.7%) 0.00 106
    2024-06-01 $236,000 (-1.6%) $266,605 (1.7%) 0.00 123
    2024-07-01 $229,900 (-0.6%) $260,875 (3.6%) 0.00 123
    2024-08-01 $229,450 (15.2%) $257,940 (14.9%) 0.00 128
    2024-09-01 $213,675 (6.9%) $260,125 (12.9%) 0.00 131
    2024-10-01 $229,450 (21.1%) $299,468 (36.2%) 0.00 136
    LIMA's median listing price for 2024-10-01 was $229,450, a difference of $39,975 (21.1%) versus the prior year and $15,775 versus the prior month.

    LIMA's median listing price comes in at 0% of the national average.

    LIMA's average listing price for 2024-10-01 was $299,468, a difference of $79,571 (36.2%) versus the prior year and $39,343 versus the prior month.

    For the 2024-10-01 period, LIMA had 136 MLS listings, a difference of 5 listings (4%) versus the prior month and -8 listings (-6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - LIMA (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,523 sqft
    2018-02-01 0 days 1,514 sqft
    2018-03-01 0 days 1,632 sqft
    2018-04-01 0 days 1,630 sqft
    2018-05-01 0 days 1,643 sqft
    2018-06-01 0 days 1,640 sqft
    2018-07-01 0 days 1,637 sqft
    2018-08-01 0 days 1,628 sqft
    2018-09-01 0 days 1,635 sqft
    2018-10-01 0 days 1,639 sqft
    2018-11-01 0 days 1,638 sqft
    2018-12-01 0 days 1,591 sqft
    2019-01-01 0 days 1,615 sqft
    2019-02-01 0 days 1,574 sqft
    2019-03-01 0 days 1,585 sqft
    2019-04-01 0 days 1,617 sqft
    2019-05-01 0 days 1,634 sqft
    2019-06-01 0 days 1,623 sqft
    2019-07-01 0 days 1,588 sqft
    2019-08-01 0 days 1,646 sqft
    2019-09-01 0 days 1,642 sqft
    2019-10-01 0 days 1,639 sqft
    2019-11-01 0 days 1,644 sqft
    2019-12-01 0 days 1,727 sqft
    2020-01-01 0 days 1,619 sqft
    2020-02-01 0 days 1,572 sqft
    2020-03-01 0 days 1,597 sqft
    2020-04-01 0 days 1,600 sqft
    2020-05-01 0 days 1,598 sqft
    2020-06-01 0 days 1,536 sqft
    2020-07-01 0 days 1,549 sqft
    2020-08-01 0 days 1,639 sqft
    2020-09-01 0 days 1,715 sqft
    2020-10-01 0 days 1,676 sqft
    2020-11-01 0 days 1,565 sqft
    2020-12-01 0 days 1,593 sqft
    2021-01-01 0 days 1,529 sqft
    2021-02-01 0 days 1,565 sqft
    2021-03-01 0 days 1,510 sqft
    2021-04-01 0 days 1,448 sqft
    2021-05-01 0 days 1,446 sqft
    2021-06-01 0 days 1,408 sqft
    2021-07-01 0 days 1,381 sqft
    2021-08-01 0 days 1,396 sqft
    2021-09-01 0 days 1,415 sqft
    2021-10-01 0 days 1,404 sqft
    2021-11-01 0 days 1,379 sqft
    2021-12-01 0 days 1,373 sqft
    2022-01-01 0 days 1,529 sqft
    2022-02-01 0 days 1,648 sqft
    2022-03-01 0 days 1,697 sqft
    2022-04-01 0 days 1,472 sqft
    2022-05-01 0 days 1,668 sqft
    2022-06-01 0 days 1,547 sqft
    2022-07-01 0 days 1,600 sqft
    2022-08-01 0 days 1,659 sqft
    2022-09-01 0 days 1,587 sqft
    2022-10-01 0 days 1,625 sqft
    2022-11-01 0 days 1,581 sqft
    2022-12-01 0 days 1,574 sqft
    2023-01-01 0 days 1,574 sqft
    2023-02-01 0 days 1,588 sqft
    2023-03-01 0 days 1,638 sqft
    2023-04-01 0 days 1,744 sqft
    2023-05-01 0 days 1,758 sqft
    2023-06-01 0 days 1,738 sqft
    2023-07-01 0 days 1,720 sqft
    2023-08-01 0 days 1,589 sqft
    2023-09-01 0 days 1,632 sqft
    2023-10-01 0 days 1,631 sqft
    2023-11-01 0 days 1,514 sqft
    2023-12-01 0 days 1,474 sqft
    2024-01-01 0 days 1,455 sqft
    2024-02-01 0 days 1,468 sqft
    2024-03-01 0 days 1,690 sqft
    2024-04-01 0 days 1,722 sqft
    2024-05-01 0 days 1,729 sqft
    2024-06-01 0 days 1,696 sqft
    2024-07-01 0 days 1,661 sqft
    2024-08-01 0 days 1,707 sqft
    2024-09-01 0 days 1,621 sqft
    2024-10-01 0 days 1,660 sqft
    LIMA's median listing age (time on market) for 2024-10-01 was 0 days.

    LIMA's median square footage for active listings during the 2024-10-01 period was 1,660 sqft. One year prior, the average listing was 1,631 sqft.

    LIMA, OH Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    43310 Lima, OH MSA $650 $680 $850 $1,080 $1,240
    45801 Lima, OH MSA $640 $660 $830 $1,060 $1,210
    45802 Lima, OH MSA $650 $680 $850 $1,080 $1,240
    45804 Lima, OH MSA $610 $630 $790 $1,020 $1,170
    45805 Lima, OH MSA $700 $720 $910 $1,160 $1,330
    45806 Lima, OH MSA $680 $700 $880 $1,120 $1,280
    45807 Lima, OH MSA $700 $720 $910 $1,160 $1,330
    45808 Lima, OH MSA $720 $740 $930 $1,180 $1,360
    45809 Lima, OH MSA $700 $720 $910 $1,160 $1,330
    45810 Lima, OH MSA $660 $680 $860 $1,090 $1,260
    45812 Lima, OH MSA $650 $680 $850 $1,080 $1,240
    45817 Lima, OH MSA $680 $700 $880 $1,120 $1,280
    45820 Lima, OH MSA $610 $630 $790 $1,020 $1,170
    45830 Lima, OH MSA $740 $760 $960 $1,220 $1,400
    45833 Lima, OH MSA $680 $700 $880 $1,120 $1,280
    45844 Lima, OH MSA $640 $660 $830 $1,060 $1,210
    45850 Lima, OH MSA $610 $630 $790 $1,020 $1,170
    45854 Lima, OH MSA $730 $760 $950 $1,210 $1,390
    45877 Lima, OH MSA $670 $690 $870 $1,110 $1,270
    45887 Lima, OH MSA $700 $720 $910 $1,160 $1,330
    45894 Lima, OH MSA $650 $680 $850 $1,080 $1,240
    45895 Lima, OH MSA $650 $680 $850 $1,080 $1,240
    45896 Lima, OH MSA $850 $880 $1,100 $1,400 $1,610

    2022 Average & Median Rent Data Statistics
    LIMA, OH average 1BR rent: $700, median: $690
    LIMA, OH average 2BR rent: $880, median: $870
    LIMA, OH average 3BR rent: $1,121, median: $1,110

    LIMA, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,020 $182,520,000 $178,941
    Home Improvement 280 $14,220,000 $50,786
    Other 257 $17,335,000 $67,451
    Cash Out Refi 207 $34,005,000 $164,275
    Refi 165 $21,705,000 $131,545

    Lima's most frequently cited loan purpose was Home Purchase, with 1,020 originations. The 2nd most popular reason was Home Improvement, with 280 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 753 $118,075,000 $156,806
    7-8% 570 $73,370,000 $128,719
    Over 8% 368 $30,290,000 $82,310
    5-6% 172 $34,400,000 $200,000
    4-5% 11 $2,975,000 $270,455
    <2.5% 4 $260,000 $65,000
    3-4% 2 $410,000 $205,000

    During 2023, Lima's most frequently originated rate bucket was 6-7%, with 753 originations.

    Loan Sizing (LIMA, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 887 $44,645,000 $50,333
    $100k-200k 662 $95,690,000 $144,547
    $200k-400k 325 $84,835,000 $261,031
    $400k-600k 44 $20,960,000 $476,364
    $Over $1MM 9 $22,245,000 $2,471,667
    $600k-1000k 2 $1,410,000 $705,000

    LIMA's loan sizing saw the bucket of loans from $100,000 or less with 887 originations, totaling $44,645,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 738 $130,780,000 $177,209
    60-80% 383 $70,055,000 $182,911
    20-40% 288 $17,820,000 $61,875
    Under 20% 251 $8,235,000 $32,809
    40-60% 193 $26,345,000 $136,503
    Over 100% 24 $6,180,000 $257,500

    LIMA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 738 originations, totaling $130,780,000 in origination value.