Commercial Real Estate Market in North Lima, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
14 active listings and 279 off-market properties in North Lima, OH.
Market Trends
North Lima, OH spans 13.7 square miles in Mahoning County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Lima, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in North Lima, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Lima, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in North Lima, OH asks $74/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
North Lima, OH has 3,114 residents in 1,166 households. Density runs 228 people per square mile. Median household income here is $60,000 and median gross rent $738 a month.
3,114
Population
1,166
Households
2.7
Avg Household Size
50
Median Age
28%
College-Educated
92%
High-School Grad
13.7 sq mi
ZIP Area
228
Density / Sq Mi
$60,000
Median Household Income
$44,875
Median Earnings
$738
Median Rent
$223,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| New Springfield | — | — |
| Columbiana | — | — |
| New Middletown | — | — |
| Poland | — | — |
Commercial property in North Lima, OH asks $137/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Lima?
Commercial property in North Lima, OH asks an average of $137 per square foot. The 5 most recent recorded sales traded at a median of $102/SF, so asking sits 34% above the achieved median. Multifamily carries the highest asking price at $74/SF.
Where does Realmo's North Lima market data come from?
Realmo compiles North Lima, OH figures from 7 recent recorded sales, 12 active sale listings, 2 active lease listings, 279 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 12 active for-sale and 2 active for-lease listings in North Lima, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
