The story of this market
The typical home in ZIP 45804 sells for about $134,750, or $120 per square foot.
Prices are up +9.52% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 45804 — Lima
The 45804 housing market remains highly affordable with a median listing price of $134,750, significantly lower than national averages. Market activity is stable with a median of 62 days on market and a modest year-over-year price increase. Inventory is limited, and the area continues to serve as a lower-cost residential option within the Lima metropolitan region.
This ZIP is primarily suited for budget-conscious buyers and renters seeking affordable housing options compared to the broader Lima metro area.
Median prices moved up 9.5% year over year.
Homes spend a median of 62 days on market with 0.0 months of supply — a balanced-paced market.
38% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.5% · poverty 27.5% — 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 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 45804, Allen County, Ohio
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.
The mean travel time to work for residents is approximately 17.3 minutes.
The area features local parks and community amenities within the Lima metropolitan vicinity.
The rental market is characterized by a median two-bedroom fair market rent of $1,200, reflecting a 10.1% increase for FY 2027.
The local economy is tied to the Lima, OH metropolitan area, which features a mix of manufacturing, healthcare, and retail sectors.
The area is served by regional road networks connecting to the Lima employment core.
Data retrieved from Census Reporter and US Census Bureau 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.
Public recreational spaces serving the broader Lima area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.