Market Overview
Home Prices in Lima, WI
The median home value in Lima, WI is $489,850 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lima are priced19% above average. Lima is part of the Janesville-Beloit, WI metro area.
Price History
Lima Home Price Trend
2024
$450,981
$451K
—
2025
$457,765
$458K
+1.5%
2026
$489,850
$490K
+7.0%
City Comparison
Lima vs. National Median
🏠 Lima
$489,850
National Median
$410,000
At $489,850, homes in Lima cost 19% above the national median of $410,000. Buyers in Lima should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lima?
20% Down Payment
$97,970
on $489,850
Monthly P&I
$2,555/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,245/mo
incl. taxes & insurance
Income Needed
$129,800
gross annual (30% rule)
10% Down Option
$48,985
+ PMI applies
Loan Amount (20% dn)
$391,880
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 Lima, WI?
The median home value in Lima is $489,850 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7% year-over-year.
How much have home prices changed in Lima?
Over the past year, home values in Lima have increased by 7%.
How much do I need to earn to buy a home in Lima?
To comfortably afford the median home price of $489,850 with a 20% down payment ($97,970) at today's rates (6.8%), you'd need a gross annual income of approximately $129,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Lima compare to the national average home price?
The national median home value is approximately $410,000. At $489,850, homes in Lima are 19% above the national average.
What metro area is Lima part of?
Lima is part of the Janesville-Beloit, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.