LIMA Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Lima averaged 7.02% for the week of 2024-05-16, compared to the national average of 7.02% for the same period.

The average rate for the prior week (2024-05-09) was 6.89% and one month ago for the week of 2024-04-11, the average rate was 6.78%.

Lima's average rate one year ago was 6.35%.

For refis of the same type during the week of 2024-05-16, the average rate was 7.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-16 7.02%
Lima 30 Year Fixed Rate 2024-05-16 7.02%
Lima 30 Year Fixed Rate Refi 2024-05-16 7.32%
Lima 15 Year Fixed Rate 2024-05-16 6.48%
Lima 15 Year Fixed Rate Refi 2024-05-16 6.78%
Lima 30 Year FHA 2024-05-16 6.85%
Lima 30 Year FHA Refi 2024-05-16 6.94%
Lima 30 Year USDA 2024-05-16 6.95%
Lima 30 Year USDA Refi 2024-05-16 6.75%
Lima 30 Year VA 2024-05-16 6.72%
Lima 30 Year VA Refi 2024-05-16 6.5%
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
LIMA's median listing price for 2024-04-01 was $236,750, a difference of $21,750 (10.1%) versus the prior year and $24,250 versus the prior month.

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

LIMA's average listing price for 2024-04-01 was $286,846, a difference of $37,820 (15.2%) versus the prior year and $34,946 versus the prior month.

For the 2024-04-01 period, LIMA had 109 MLS listings, a difference of 15 listings (16%) versus the prior month and 8 listings (8%) 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
LIMA's median listing age (time on market) for 2024-04-01 was 0 days.

LIMA's median square footage for active listings during the 2024-04-01 period was 1,722 sqft. One year prior, the average listing was 1,744 sqft.

LIMA, OH Average Rent (2023)

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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.