The story of this market
The typical home in ZIP 45801 sells for about $171,750, or $119 per square foot.
Prices are up +18.4% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 45801 — Lima
The 45801 housing market is currently a neutral, buyer-friendly environment with a median sale price of $171,750. While prices have seen a significant year-over-year increase, the market remains highly affordable compared to national averages, driven by steady demand for entry-level homes. Inventory is limited, and the market is characterized by moderate days on market and stable rental demand.
This ZIP is best suited for budget-conscious buyers and investors seeking entry-level housing, as it offers one of the most affordable price points in the region.
Median prices moved up 18.4% year over year.
Homes spend a median of 43 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 18.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 45801, Allen County, OH
The area is served by the Lima City School District, which faces ongoing challenges typical of urban districts in the region.
The area has a moderate fire risk and minor wind risk, with flood risk assessments varying by specific parcel location.
Economic momentum is tied to the broader Lima industrial and healthcare sectors, though new residential development within this specific ZIP is limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Ohio) — Real Property Tax Assessment: Property is assessed at 35% of its true market value. The tax is calculated by multiplying the assessed value by the effective tax rate (millage) of the local taxing district.
Residents primarily rely on personal vehicles for commuting within the Lima metropolitan area, with most major employment hubs accessible within a 15-minute drive.
The area features local parks and proximity to the Ottawa River greenway, with standard retail and dining options concentrated along major arterial roads.
The rental market is characterized by steady demand for affordable housing, with a median rent of approximately $1,200 and limited new inventory.
The economy is anchored by healthcare, manufacturing, and retail sectors, with major employers including local hospital systems and industrial plants in the Lima area.
Transportation is primarily highway-based, with access to I-75 facilitating regional travel.
Development is largely focused on infill and renovation of existing housing stock rather than large-scale new construction.
The Allen County Auditor manages property assessments, with reappraisals occurring on a triennial cycle.
Parcels are subject to standard municipal and school district taxes, with no significant MUD/PID presence reported.
Property insurance premiums are generally stable, though hazard coverage is influenced by regional weather patterns.
Data retrieved from U.S. Census Bureau ZCTA 45801 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
A multi-use trail system providing recreational space for residents.
Regional shopping destination serving the greater Lima area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.