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RentData.org Logo Lima Fair Market Rent FY 2019 Lima, OH MSA Rental Data

Fair Market Rent Prices in Lima, OH :
$516 $562 $687 $920 $945
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Lima are very low compared to the national average. This FMR area is less expensive than 72% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lima is $687 per month.

The previous year, rent for a two-bedroom home was $695 per month. This is a 1.15% decrease year-over-year.

This FMR rate applies to Beaverdam, OH, Gomer, OH, Lafayette, OH, Cairo, OH, Venedocia, OH, Rawson, OH, Alger, OH, Waynesfield, OH, Pandora, OH, Belle Center, OH and other cities within the region. The Metro Code or CBSA code for this region is METRO30620M30620.

Additionally, This Fair Market Rent (FMR) area Lima, OH MSA spans one county or city in Ohio which is listed in the table below. Estimated population of Lima, OH MSA FMR area is 106,331 people based on 2010 Census data.

Compared to the rest of Ohio, the Lima FMR area is less expensive than 63% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lima. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lima

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 548
1-BR 1-Bedroom $ 597
2-BR 2-Bedroom $ 729
3-BR 3-Bedroom $ 977
4-BR 4-Bedroom $ 1002
Change Year:

There is just one county (listed below) within the Lima, OH MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers five metro areas: Dayton, Lima, Columbus, Oh, Toledo and Ft. Wayne.

County / Region Est. Population
Allen County, OH Metro 106,331
Zip Codes in Lima, OH MSA

There are 24 unique zip codes in this Fair Market Rent (FMR) area:

43310, 45801, 45802, 45804, 45805, 45806, 45807, 45808, 45809, 45810, 45812, 45817, 45820, 45830, 45833, 45844, 45850, 45854, 45877, 45881, 45887, 45894, 45895 and 45896

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