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 6.96% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.89% and one month ago for the week of 2023-02-09, the average rate was 6.48%.

    Lima's average rate one year ago was 3.91%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.65%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Lima 30 Year Fixed Rate 2023-03-16 6.96%
    Lima 30 Year Fixed Rate Refi 2023-03-16 6.65%
    Lima 15 Year Fixed Rate 2023-03-16 6.31%
    Lima 15 Year Fixed Rate Refi 2023-03-16 6.28%
    Lima 30 Year FHA 2023-03-16 6.71%
    Lima 30 Year FHA Refi 2023-03-16 6.24%
    Lima 30 Year USDA 2023-03-16 6.61%
    Lima 30 Year USDA Refi 2023-03-16 5.92%
    Lima 30 Year VA 2023-03-16 6.42%
    Lima 30 Year VA Refi 2023-03-16 5.98%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Superior Credit Union, Inc. 246 4.90% $2,972
    The Citizens National Bank of Bluffton 87 5.32% $2,761
    The Union Bank Company 57 5.15% $3,008
    JPMorgan Chase Bank 49 5.06% $3,008
    LOANDEPOT.COM, LLC 47 5.35% $4,109
    First Federal Bank of the Midwest 34 5.28% $3,628
    The Huntington National Bank 29 5.42% $3,755
    SUPERIOR FINANCIAL SOLUTIONS, LLC 28 5.12% $3,663
    QUICKEN LOANS, LLC 25 4.91% $5,040
    Fifth Third Bank 20 4.47% $4,247
    The State Bank and Trust Company 20 5.19% $3,512
    Liberty National Bank 19 4.67% $2,803
    AMERIFIRST FINANCIAL CORPORATION 16 5.60% $5,331
    CROSSCOUNTRY MORTGAGE, LLC 12 5.07% $5,001
    U.S. Bank 8 5.19% $2,206
    UNITED WHOLESALE MORTGAGE, LLC 8 5.09% $5,584
    AMERISAVE MORTGAGE CORPORATION 7 4.52% $5,906
    HONDA Federal Credit Union 5 4.90% $4,912
    Ally Bank 4 4.72% $2,476
    UNION HOME MORTGAGE CORP. 4 5.00% $4,121
    HOMESIDE FINANCIAL, LLC 3 4.25% $7,257
    BROKER SOLUTIONS, INC. 3 5.41% $8,988
    Mortgage Research Center, LLC 3 5.58% $4,211
    Evolve Bank & Trust 3 5.13% $3,689
    RUOFF MORTGAGE COMPANY, INC. 3 6.42% $3,167
    Mr. Cooper ( Nationstar Mortgage ) 3 5.13% $6,645
    T2 FINANCIAL LLC 3 5.83% $4,847
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.62% $7,303
    Third Federal Savings and Loan Association of Cleveland 3 4.14% $1,139
    MORIA DEVELOPMENT, INC. 2 5.19% $3,539
    NAVY FEDERAL CREDIT UNION 2 6.00% $2,234
    NFM, INC. 2 6.25% $4,915
    First Financial Bank 2 5.06% $4,124
    FIRST OHIO HOME FINANCE, INC. 2 5.13% $3,481
    Flagstar Bank, FSB 2 5.43% $5,935
    Carrington Mortgage Services, LLC 2 4.06% $5,520
    PNC Bank 2 6.63% $5,135
    GENEVA FINANCIAL, LLC 2 5.06% $3,680
    Hometown Lenders, Inc. 2 6.62% $3,276
    THRIVE MORTGAGE, LLC 2 6.19% $4,778
    Union Savings Bank 2 3.19% $2,156
    Wells Fargo Bank 2 5.00% $1,468
    KeyBank 2 3.56% $3,797
    LIBERTY HOME MORTGAGE CORPORATION 2 5.69% $2,494
    Farm Credit Mid-America, ACA 2 5.84% $8,204
    ZILLOW HOME LOANS, LLC 1 2.75% $5,981
    Ameris Bank 1 5.50% $10,451
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.25% $3,901
    Bank of England 1 6.63% $3,915
    CALIBER HOME LOANS, INC. 1 5.75% $3,045
    CASTLE & COOKE MORTGAGE, LLC 1 4.00% $7,099
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $4,632
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.88% $3,396
    CREDIT UNION OF OHIO 1 6.13% $3,563
    DAS Acquisition Company, LLC 1 4.63% $11,278
    Dollar Bank, Federal Savings Bank 1 4.75% $11,152
    DOMINION ENERGY CREDIT UNION 1 5.50% $2,704
    EASTMAN 1 5.63% $2,797
    EVERETT FINANCIAL, INC. 1 4.25% $2,593
    First Commonwealth Bank 1 3.99% $2,893
    First National Bank of America 1 8.50% $6,383
    FREEDOM MORTGAGE CORPORATION 1 4.25% $893
    GENERAL ELECTRIC CREDIT UNION 1 5.50% $3,499
    GSF Mortgage Corporation 1 6.88% $2,744
    HALLMARK HOME MORTGAGE, LLC 1 5.63% $9,357
    KEMBA CREDIT UNION, INC. 1 3.50% $2,781
    MID AMERICA MORTGAGE, INC. 1 4.88% $1,661
    Nations Lending Corporation 1 3.88% $4,107
    NETWORK CAPITAL FUNDING CORPORATION 1 7.50% $4,943
    North American Savings Bank, F.S.B. 1 5.75% $1,632
    Northwest Bank 1 3.75% $3,076
    NTFN, INC. 1 6.38% $7,602
    Paramount Residential Mortgage Group, Inc. 1 3.63% $4,941
    PARTNERS 1ST Federal Credit Union 1 4.25% $3,447
    PENNYMAC LOAN SERVICES, LLC 1 5.56% $6,995
    PLANET HOME LENDING, LLC 1 4.25% $1,394
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $4,328
    RAPID MORTGAGE COMPANY 1 6.88% $4,223
    ROYAL UNITED MORTGAGE LLC 1 4.38% $9,762
    SOFI LENDING CORP. 1 4.75% $4,270
    South State Bank 1 4.88% $3,350
    Sunflower Bank 1 7.63% $4,692
    THE EQUITABLE MORTGAGE CORPORATION 1 5.38% $3,019
    Three Rivers Federal Credit Union 1 4.13% $4,099
    WINGS FINANCIAL 1 3.88% $2,787
    WRIGHT-PATT CREDIT UNION, INC. 1 3.63% $3,200

    LIMA Average Closing Costs & Other Stats

    LIMA, OH's 86 lenders originated 2,608 loans during 2022. The total origination value was $347,030,000, with an average loan value of $133,064.

    LIMA's average closing costs are $3,708.

    The top LIMA lender as defined by loan originations is Superior Credit Union, Inc., with 246 loans originated. Their average total fees are $2,972, which is $212 higher than the next largest lender, The Citizens National Bank of Bluffton.

    The lowest fee LIMA lenders (with over 10 loans originated) are The Citizens National Bank of Bluffton ($2,761), Liberty National Bank ($2,803), Superior Credit Union, Inc. ($2,972), The Union Bank Company ($3,008) and JPMorgan Chase Bank ($3,008).

    The lowest rate LIMA lenders (with over 10 loans originated) are Fifth Third Bank (4.47%), Liberty National Bank (4.67%), Superior Credit Union, Inc. (4.90%), QUICKEN LOANS, LLC (4.91%) and JPMorgan Chase Bank (5.06%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Superior Credit Union, Inc. $120,925,000 $82,220,000 -32.0% 23.7%
    The Union Bank Company $30,885,000 $35,520,000 15.0% 10.2%
    The Citizens National Bank of Bluffton $45,145,000 $23,920,000 -47.0% 6.9%
    LOANDEPOT.COM, LLC $18,930,000 $17,920,000 -5.3% 5.2%
    QUICKEN LOANS, LLC $29,525,000 $13,445,000 -54.5% 3.9%
    Fifth Third Bank $16,880,000 $11,575,000 -31.4% 3.3%
    First Federal Bank of the Midwest $19,665,000 $11,520,000 -41.4% 3.3%
    The Huntington National Bank $24,350,000 $11,495,000 -52.8% 3.3%
    The First National Bank of Pandora $18,030,000 $8,930,000 -50.5% 2.6%
    JPMorgan Chase Bank $13,850,000 $8,925,000 -35.6% 2.6%
    CROSSCOUNTRY MORTGAGE, LLC $6,515,000 $6,890,000 5.8% 2.0%
    Servion, Inc. $4,905,000 $6,685,000 36.3% 1.9%
    AMERIFIRST FINANCIAL CORPORATION $10,570,000 $5,605,000 -47.0% 1.6%
    SUPERIOR FINANCIAL SOLUTIONS, LLC $7,675,000 $5,525,000 -28.0% 1.6%
    The State Bank and Trust Company $6,390,000 $5,435,000 -14.9% 1.6%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $4,465,000 n/a 1.3%
    Mortgage Research Center, LLC $8,645,000 $4,140,000 -52.1% 1.2%
    U.S. Bank $5,260,000 $3,610,000 -31.4% 1.0%
    The Richwood Banking Company $3,540,000 $3,555,000 0.4% 1.0%
    Liberty National Bank $5,470,000 $3,505,000 -35.9% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $3,140,000 $3,375,000 7.5% 1.0%
    HONDA Federal Credit Union $1,370,000 $2,325,000 69.7% 0.7%
    NAVY FEDERAL CREDIT UNION $2,105,000 $2,230,000 5.9% 0.6%
    MYCUMORTGAGE, LLC $3,255,000 $2,075,000 -36.3% 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,550,000 $2,000,000 29.0% 0.6%
    UNION HOME MORTGAGE CORP. $3,180,000 $1,830,000 -42.5% 0.5%
    HOMESIDE FINANCIAL, LLC $2,370,000 $1,625,000 -31.4% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $2,180,000 $1,605,000 -26.4% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,430,000 $1,595,000 11.5% 0.5%
    First Financial Bank $595,000 $1,425,000 139.5% 0.4%
    CALIBER HOME LOANS, INC. $2,600,000 $1,250,000 -51.9% 0.4%
    FREEDOM MORTGAGE CORPORATION $7,760,000 $1,235,000 -84.1% 0.4%
    South State Bank $1,210,000 n/a 0.3%
    AG Credit, Agricultural Credit Association $2,310,000 $1,205,000 -47.8% 0.3%
    Carrington Mortgage Services, LLC $2,585,000 $1,075,000 -58.4% 0.3%
    Flagstar Bank, FSB $965,000 $1,070,000 10.9% 0.3%
    Union Savings Bank $960,000 $1,060,000 10.4% 0.3%
    BROKER SOLUTIONS, INC. $720,000 $1,045,000 45.1% 0.3%
    Farm Credit Mid-America, ACA $2,105,000 $990,000 -53.0% 0.3%
    T2 FINANCIAL LLC $1,240,000 $980,000 -21.0% 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,840,000 $970,000 -47.3% 0.3%
    NEW DAY FINANCIAL, LLC $540,000 $905,000 67.6% 0.3%
    Wells Fargo Bank $1,340,000 $800,000 -40.3% 0.2%
    PNC Bank $1,410,000 $790,000 -44.0% 0.2%
    RUOFF MORTGAGE COMPANY, INC. $1,480,000 $770,000 -48.0% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $790,000 $735,000 -7.0% 0.2%
    Ally Bank $300,000 $700,000 133.3% 0.2%
    CHURCHILL MORTGAGE CORPORATION $800,000 $685,000 -14.4% 0.2%
    MORIA DEVELOPMENT, INC. $230,000 $680,000 195.7% 0.2%
    Figure Lending LLC $350,000 $660,000 88.6% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $335,000 $655,000 95.5% 0.2%
    Bank of England $115,000 $635,000 452.2% 0.2%
    GENEVA FINANCIAL, LLC $75,000 $620,000 726.7% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $870,000 $605,000 -30.5% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $95,000 $595,000 526.3% 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $165,000 $545,000 230.3% 0.2%
    USAA Federal Savings Bank $1,345,000 $540,000 -59.9% 0.2%
    Nations Lending Corporation $635,000 $535,000 -15.7% 0.2%
    Third Federal Savings and Loan Association of Cleveland $530,000 n/a 0.2%
    NEWREZ LLC $750,000 $525,000 -30.0% 0.2%
    VILLAGE CAPITAL MORTGAGE $1,050,000 $525,000 -50.0% 0.2%
    Evolve Bank & Trust $505,000 n/a 0.1%
    NFM, INC. $495,000 n/a 0.1%
    POLARIS HOME FUNDING CORP. $620,000 $465,000 -25.0% 0.1%
    Three Rivers Federal Credit Union $275,000 $465,000 69.1% 0.1%
    KeyBank $125,000 $445,000 256.0% 0.1%
    MID AMERICA MORTGAGE, INC. $885,000 $445,000 -49.7% 0.1%
    First Commonwealth Bank $435,000 n/a 0.1%
    HALLMARK HOME MORTGAGE, LLC $135,000 $435,000 222.2% 0.1%
    THRIVE MORTGAGE, LLC $435,000 n/a 0.1%
    PRIORITY MORTGAGE CORP. $225,000 $405,000 80.0% 0.1%
    Century Mortgage Company DBA Century Lending Company $395,000 n/a 0.1%
    Ameris Bank $365,000 n/a 0.1%
    Low VA Rates, LLC $125,000 $360,000 188.0% 0.1%
    DAS Acquisition Company, LLC $275,000 $325,000 18.2% 0.1%
    KEMBA CREDIT UNION, INC. $325,000 n/a 0.1%
    Equity Prime Mortgage LLC $315,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $695,000 $315,000 -54.7% 0.1%
    Hometown Lenders, Inc. $300,000 n/a 0.1%
    Dollar Bank, Federal Savings Bank $295,000 n/a 0.1%
    Greenville National Bank $290,000 n/a 0.1%
    Minster Bank $620,000 $290,000 -53.2% 0.1%
    PARTNERS 1ST Federal Credit Union $275,000 n/a 0.1%
    PLANET HOME LENDING, LLC $280,000 $270,000 -3.6% 0.1%
    CREDIT UNION OF OHIO $265,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $690,000 $235,000 -65.9% 0.1%
    SOFI LENDING CORP. $370,000 $225,000 -39.2% 0.1%
    CLEARPATH LENDING $935,000 $215,000 -77.0% 0.1%
    AMERICAN FINANCING CORPORATION $630,000 $210,000 -66.7% 0.1%
    LOANPAL, LLC $205,000 n/a 0.1%
    SPRING EQ, LLC $410,000 $205,000 -50.0% 0.1%
    CIVIC FINANCIAL SERVICES, LLC $160,000 $190,000 18.8% 0.1%
    GSF Mortgage Corporation $185,000 n/a 0.1%
    GUARANTEED RATE, INC. $335,000 $185,000 -44.8% 0.1%
    NTFN, INC. $155,000 $185,000 19.4% 0.1%
    SIRVA MORTGAGE, INC. $185,000 n/a 0.1%
    FIRST OHIO HOME FINANCE, INC. $555,000 $170,000 -69.4% 0.0%
    First National Bank of America $165,000 n/a 0.0%
    Texana Bank $165,000 n/a 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $65,000 $165,000 153.8% 0.0%
    EVERETT FINANCIAL, INC. $160,000 n/a 0.0%
    CASTLE & COOKE MORTGAGE, LLC $125,000 $155,000 24.0% 0.0%
    PENTAGON FEDERAL CREDIT UNION $155,000 n/a 0.0%
    American Midwest Mortgage Corporation $65,000 $145,000 123.1% 0.0%
    DOMINION ENERGY CREDIT UNION $145,000 n/a 0.0%
    North American Savings Bank, F.S.B. $145,000 n/a 0.0%
    RELIANCE FIRST CAPITAL, LLC $555,000 $145,000 -73.9% 0.0%
    The Farmers National Bank of Canfield $145,000 n/a 0.0%
    TOP FLITE FINANCIAL, INC. $145,000 n/a 0.0%
    QUORUM FEDERAL CREDIT UNION $135,000 n/a 0.0%
    THE EQUITABLE MORTGAGE CORPORATION $175,000 $135,000 -22.9% 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $370,000 $125,000 -66.2% 0.0%
    East Coast Capital Corp. $135,000 $125,000 -7.4% 0.0%
    EASTMAN $125,000 n/a 0.0%
    ZILLOW HOME LOANS, LLC $125,000 n/a 0.0%
    Citizens Bank $910,000 $120,000 -86.8% 0.0%
    Citibank $115,000 n/a 0.0%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $115,000 n/a 0.0%
    EagleBank $115,000 n/a 0.0%
    GENERAL ELECTRIC CREDIT UNION $115,000 n/a 0.0%
    First Bank of Berne $110,000 n/a 0.0%
    Discover Bank $80,000 $100,000 25.0% 0.0%
    AMERICAN ADVISORS GROUP $240,000 $95,000 -60.4% 0.0%
    Lakeview Community Capital, LLC $125,000 $95,000 -24.0% 0.0%
    LENDINGHOME FUNDING CORPORATION $130,000 $95,000 -26.9% 0.0%
    NETWORK CAPITAL FUNDING CORPORATION $95,000 n/a 0.0%
    Paramount Residential Mortgage Group, Inc. $95,000 n/a 0.0%
    BETTER MORTGAGE CORPORATION $1,660,000 $85,000 -94.9% 0.0%
    SIWELL, INC. $85,000 n/a 0.0%
    WesBanco Bank, Inc. $85,000 n/a 0.0%
    SECURITYNATIONAL MORTGAGE COMPANY $165,000 $80,000 -51.5% 0.0%
    LIMA ONE CAPITAL, LLC $2,030,000 $75,000 -96.3% 0.0%
    NATIONS RELIABLE LENDING, LLC $75,000 n/a 0.0%
    Northwest Bank $65,000 n/a 0.0%
    RAPID MORTGAGE COMPANY $155,000 $65,000 -58.1% 0.0%
    Sunflower Bank $65,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $25,000 $55,000 120.0% 0.0%
    WINGS FINANCIAL $55,000 n/a 0.0%
    ALL IN $45,000 n/a 0.0%
    The North Side Bank & Trust Company $45,000 n/a 0.0%
    KEMBA FINANCIAL $35,000 $35,000 0.0% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $15,000 n/a 0.0%
    USX Federal Credit Union $15,000 n/a 0.0%

    LIMA's top lender by overall market share is Superior Credit Union, Inc., with 23.7% market share. In second place, with 10.2%, is The Union Bank Company, having originated $35,520,000 in loans. In third place, with 6.9%, is The Citizens National Bank of Bluffton, having originated $23,920,000 in loans. In fourth place, with 5.2%, is LOANDEPOT.COM, LLC, having originated $17,920,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $13,445,000 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 (4.6%) 0.00 331
    2018-02-01 $99,900 (2.1%) $157,090 (-1.8%) 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 (26.3%) $176,205 (14.9%) 0.00 378
    2018-09-01 $128,900 (15.0%) $177,705 (13.5%) 0.00 360
    2018-10-01 $126,700 (18.7%) $176,439 (16.0%) 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%) $154,091 (-2.0%) 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%) 0.00 248
    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%) $183,221 (4.0%) 0.00 288
    2019-09-01 $133,104 (3.3%) $178,499 (0.5%) 0.00 298
    2019-10-01 $129,900 (2.5%) $174,216 (-1.3%) 0.00 305
    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 (15.0%) 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 (21.8%) 0.00 186
    2020-10-01 $169,700 (30.6%) $212,743 (22.1%) 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
    LIMA's median listing price for 2023-02-01 was $176,250, a difference of $1,950 (1.1%) versus the prior year and $9,712 versus the prior month.

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

    LIMA's average listing price for 2023-02-01 was $223,128, a difference of $-21,064 (-8.6%) versus the prior year and $12,681 versus the prior month.

    For the 2023-02-01 period, LIMA had 103 MLS listings, a difference of -30 listings (-23%) versus the prior month and 13 listings (14%) 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 1,514 sqft
    2018-02-01 0 days 1,512 sqft
    2018-03-01 0 days 1,623 sqft
    2018-04-01 0 days 1,621 sqft
    2018-05-01 0 days 1,634 sqft
    2018-06-01 0 days 1,629 sqft
    2018-07-01 0 days 1,627 sqft
    2018-08-01 0 days 1,621 sqft
    2018-09-01 0 days 1,625 sqft
    2018-10-01 0 days 1,630 sqft
    2018-11-01 0 days 1,629 sqft
    2018-12-01 0 days 1,583 sqft
    2019-01-01 0 days 1,612 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 1,645 sqft
    2019-09-01 0 days 1,640 sqft
    2019-10-01 0 days 1,637 sqft
    2019-11-01 0 days 1,647 sqft
    2019-12-01 0 days 1,730 sqft
    2020-01-01 0 days 1,630 sqft
    2020-02-01 0 days 1,580 sqft
    2020-03-01 0 days 1,598 sqft
    2020-04-01 0 days 1,602 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 1,718 sqft
    2020-10-01 0 days 1,703 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
    LIMA's median listing age (time on market) for 2023-02-01 was 0 days.

    LIMA's median square footage for active listings during the 2023-02-01 period was 1,588 sqft. One year prior, the average listing was 1,648 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 $570 $620 $770 $1,000 $1,120
    45801 Lima, OH $550 $610 $750 $980 $1,090
    45802 Lima, OH $570 $620 $770 $1,000 $1,120
    45804 Lima, OH $550 $600 $740 $960 $1,080
    45805 Lima, OH $610 $670 $820 $1,070 $1,200
    45806 Lima, OH $580 $640 $790 $1,030 $1,150
    45807 Lima, OH $590 $650 $800 $1,040 $1,170
    45808 Lima, OH $610 $670 $830 $1,080 $1,210
    45809 Lima, OH $590 $650 $800 $1,040 $1,170
    45810 Lima, OH $580 $630 $780 $1,020 $1,140
    45812 Lima, OH $570 $620 $770 $1,000 $1,120
    45817 Lima, OH $580 $630 $780 $1,020 $1,140
    45820 Lima, OH $550 $600 $740 $960 $1,080
    45830 Lima, OH $640 $700 $860 $1,120 $1,260
    45833 Lima, OH $610 $670 $820 $1,070 $1,200
    45844 Lima, OH $570 $620 $770 $1,000 $1,120
    45850 Lima, OH $550 $600 $740 $960 $1,080
    45854 Lima, OH $650 $710 $880 $1,150 $1,280
    45877 Lima, OH $550 $610 $750 $980 $1,090
    45887 Lima, OH $610 $670 $820 $1,070 $1,200
    45894 Lima, OH $570 $620 $770 $1,000 $1,120
    45895 Lima, OH $570 $620 $770 $1,000 $1,120
    45896 Lima, OH $740 $810 $1,000 $1,300 $1,460

    2022 Average & Median Rent Data Statistics
    LIMA, OH average 1BR rent: $645, median: $630
    LIMA, OH average 2BR rent: $797, median: $780
    LIMA, OH average 3BR rent: $1,037, median: $1,020

    LIMA, OH Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,273 $210,935,000 $165,699
    Refi 360 $49,780,000 $138,278
    Other 331 $20,295,000 $61,314
    Cash Out Refi 324 $44,730,000 $138,056
    Home Improvement 319 $16,825,000 $52,743
    NA 1 $4,465,000 $4,465,000

    Lima's most frequently cited loan purpose was Home Purchase, with 1,273 originations. The 2nd most popular reason was Refi, with 360 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 650 $89,560,000 $137,785
    5-6% 641 $89,385,000 $139,446
    3-4% 515 $71,715,000 $139,252
    6-7% 347 $42,465,000 $122,378
    2.5-3% 154 $18,500,000 $120,130
    7-8% 134 $14,290,000 $106,642
    Over 8% 75 $3,185,000 $42,467
    <2.5% 35 $3,935,000 $112,429

    During 2022, Lima's most frequently originated rate bucket was 4-5%, with 650 originations.

    Loan Sizing (LIMA, OH MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 1,180 $62,640,000 $53,085
    $100k-200k 954 $135,820,000 $142,369
    $200k-400k 420 $108,130,000 $257,452
    $400k-600k 38 $17,530,000 $461,316
    $600k-1000k 9 $6,735,000 $748,333
    $Over $1MM 7 $16,175,000 $2,310,714

    LIMA's loan sizing saw the bucket of loans from $100,000 or less with 1,180 originations, totaling $62,640,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 993 $171,835,000 $173,046
    60-80% 584 $92,630,000 $158,613
    20-40% 361 $22,215,000 $61,537
    Under 20% 315 $9,525,000 $30,238
    40-60% 267 $31,455,000 $117,809
    Over 100% 14 $3,600,000 $257,143

    LIMA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 993 originations, totaling $171,835,000 in origination value.