Lima, IL Real Estate

According to census data in the year 2000 there were 58 housing units in Lima. This represents a 20.8% growth from 48 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 58 were located in what is classified as a rural area.

Homeownership rate in Lima is about 92.7%. Lima's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.6 people.

The majority of houses, apartments or condos in Lima were built after 1962.


Housing Size

Housing Units by Size
Studio Type3.40%
One Bedroom5.20%
Two Bedrooms34.50%
Three Bedrooms44.80%
Four Bedrooms8.60%
Five Bedrooms or more3.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1964
Median Value of occupied units$51,000
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size1.75
Median year structure was built1945
Median Monthly Rent asked for vacant units$250

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage9.70%
Home Equity Loan0%
Simple Mortgage41.90%
Debt Free48.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs12.8%