The story of this market
The typical home in ZIP 45805 sells for about $210,500, or $115 per square foot.
Prices are up +27.6% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,395 a month.
ZIP 45805 — Lima
The 45805 housing market shows signs of moderate growth with a significant year-over-year price increase, likely driven by low inventory levels. While affordability remains a key factor, the market is supported by steady demand for single-family homes. Some figures, such as specific months of supply and precise vacancy rates, are based on current market estimates as official census data lags.
This ZIP code is well-suited for families and first-time homebuyers seeking affordable housing options in a suburban setting with proximity to local amenities.
Median prices moved up 27.6% year over year.
Homes spend a median of 48 days on market with 3.4 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 14.2% — a stable, low-distress 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 6.0%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 45805, Allen County OH
Crime rates in the Lima area are generally higher than the national average, with property crime being the most frequently reported issue in this ZIP code.
Schools serving the 45805 area are primarily part of the Lima City School District, which faces ongoing challenges with academic performance metrics compared to state averages.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional flooding in low-lying areas near the Ottawa River.
Economic momentum is driven by healthcare and manufacturing sectors in Lima, with ongoing efforts to revitalize the downtown corridor and surrounding residential infrastructure.
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, with easy access to I-75 and SR-30 providing connections to regional employment hubs.
The area features access to local parks such as Faurot Park, which offers trails, lakes, and recreational facilities within a short drive.
The rental market is characterized by steady demand for single-family homes and duplexes, with limited new multi-family construction keeping vacancy rates low.
The local economy is anchored by healthcare providers like Mercy Health and manufacturing firms, providing a stable employment base for the region.
The area is served by a network of state routes and is positioned near the I-75 corridor, facilitating regional logistics and commuting.
Development is currently focused on infrastructure upgrades and the rehabilitation of older residential housing stock.
The Allen County Auditor manages property assessments, conducting triennial updates to ensure valuations reflect current market conditions.
Parcels in this ZIP are subject to standard school district and municipal levies, with no major MUD/PID districts reported.
Property insurance premiums are stable, though coverage for wind and hail damage remains a standard consideration for homeowners.
Data retrieved from US Census Bureau ZCTA 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 large municipal park featuring trails, ponds, and sports fields.
The primary regional shopping destination serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.