45806, Lima, OH

The 45806 zip code of Lima, OH is located in the southeastern corner of the state. The area has a population of approximately 25,000 and an average household income of $60,000. Home prices in this zip code have increased by an average of 10% over the past year. In addition, home equity values have increased by an average of 16%.

One reason for this increase in home prices is that there are a number of new homes being built in the area. Additionally, many homeowners are refinancing their mortgages to take advantage of historically low interest rates. This has resulted in a significant increase in home equity values.

Another factor contributing to the increase in home prices is that Lima has been designated as a “strong” market area by Moody’s Investors Service. This means that there is high demand for housing and limited supply. As a result, homeowners are able to sell their homes quickly and receive a higher price than they would if the market were more competitive.