Market Overview
Home Prices in North Lima, OH
The median home value in North Lima, OH is $313,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in North Lima are priced24% below average. North Lima is part of the Youngstown-Warren-Boardman, OH-PA metro area.
Over the past five years, North Lima home values have risen by approximately33.3%, reflecting strong long-term appreciation in this market.
Price History
North Lima Home Price Trend
City Comparison
North Lima vs. National Median
At $313,131, homes in North Lima cost 24% below the national median of $410,000. This makes North Lima a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in North Lima?
20% Down Payment
$62,626
on $313,131
Monthly P&I
$1,633/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,074/mo
incl. taxes & insurance
Income Needed
$82,960
gross annual (30% rule)
10% Down Option
$31,313
+ PMI applies
Loan Amount (20% dn)
$250,505
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in North Lima, OH?
The median home value in North Lima is $313,131 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in North Lima?
Over the past year, home values in North Lima have increased by 4.3%. Over five years, prices have risen approximately 33.3%.
How much do I need to earn to buy a home in North Lima?
To comfortably afford the median home price of $313,131 with a 20% down payment ($62,626) at today's rates (6.8%), you'd need a gross annual income of approximately $82,960. This assumes keeping total housing costs at or below 30% of gross income.
How does North Lima compare to the national average home price?
The national median home value is approximately $410,000. At $313,131, homes in North Lima are 24% below the national average.
What metro area is North Lima part of?
North Lima is part of the Youngstown-Warren-Boardman, OH-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.