Is Lima, OH a good place to invest in rental property?

Lima, OH has a median modeled monthly cash flow of $-4 and a median cap rate of 6.3%, on a median sold price of $171,750. Prices changed +5.0% year over year.

What is the average cap rate in Lima, OH?

The median cap rate across recently sold homes in Lima, OH is 6.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lima, OH?

The median sold price in Lima, OH is $171,750 (about $125 per square foot).

Investing in Lima, OH Real Estate

A data-driven snapshot of the Lima, OH rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$171,750Median sold price

$125Median $/sqft

6.3%Median cap rate

$-4Modeled cash flow / mo

+5.0%Appreciation YoY

10.3Months of supply

506Active listings

590Sold (last 12 mo)

What the Lima numbers say

In Lima, OH, the median home sold for $171,750 (about $125 per square foot), and the typical deal models out to a 6.3% cap rate with a median $-4 of monthly cash flow. Sold prices moved +5.0% over the past year. Inventory sits at about 10.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Ohio markets to compare

See Lima cash-flowing listings

CashFlowRE ranks every for-sale home in Lima, OH by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lima deals, or browse the national market data.