$61,604Average Value$50Average Price per Sq Ft3Homes For Sale
An old section of Lima facing the effects of deindustrialization
Once the site of the Lima Locomotive Works, Southside Lima has a history intertwined with local industry. Since its manufacturing heyday in the early 20th century, the neighborhood shares some of the socioeconomic struggles faced by other Rust Belt communities as deindustrialization took over Ohio. But lower property values and a promising future make the Southside a viable alternative to Lima’s pricier downtown. “The Southside is getting a lot of redevelopment," says Realtor Seth Ciminillo with the Dye Real Estate & Land Company. "People are going in there to fix up homes and improve housing and living conditions. More and more capital development is hitting Southside Lima.”
Southside Lima is a suburban community located near downtown Lima.
Many of the historic homes in Southside Lima have been renovated.
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Vintage properties offer investment and renovation opportunities
The Southside’s oldest homes were built from 1900 to 1920, although a handful of 1960s and ’70s properties share the streetscape. Ranch-style, Foursquare and bungalow styles remained popular over the years, and the quiet residential streets often feature abundant foliage, sidewalk access and expansive front lawns. Some homes have fallen on hard times and are now in need of renovation; however, with home prices ranging from $15,000 to $112,000, many are ripe for investment opportunities. Other properties were renovated as recently as the early 2020s, featuring new carpets, new roofs and other upgrads.
Foursquares in Southside Lima are a popular option for residents.
Residents of Southside Lima have plenty of housing options including refurbished homes.
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Grocery options are just 5 minutes away
Southside sits about a mile and a half from downtown’s retail scene, and it does not share the diverse dining options of neighborhoods closer to the urban core. Apart from the local Dollar General, residents can make the 5-minute drive to the Save a Lot supermarket.
Come to Winans Coffee and Chocolate in Southside Lima for a sweet treat and an espresso drink.
There are plenty of chain retail options in Southside Lima such as Dollar General.
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Two parks offer space for outdoor recreation
The Southside is bordered by green spaces on two sides. Cook Park to the north includes a tree-shaded bike path and a playground. To the south, Foundry Park has pathways that loop around a small lake and connect to three basketball courts, a baseball diamond and a playground. The Southside is also just a 5-minute drive from parks along the Ottawa River, where sports facilities and riverside biking trails are open to the public.
Cook Park is a great spot to play shoot hoops with friends.
Foundry Park - 7
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Students learn in a musical atmosphere at Lima Senior High
“The Southside is in Lima’s school district, which has a really good sports program. This year, they had a great basketball team that went far,” Ciminillo says. Students start their education at Unity Elementary School, which receives a C rating from Niche. Lima North Middle School scores a C-minus and Lima West Middle School a C. Lima Senior High School, which scores a C-plus, has a wide selection of audition-only music programs, from a jazz band to men's and women’s choruses. The school’s musical tradition was made famous by the hit television series “Glee,” although the name of the high school was changed for the show.
Unity Elementary School is a public school in the city of Lima, Ohio.
Lima Senior High School is a public high school located in Lima, Ohio.
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Keeping safe in Southside
With a CAP Index score of 5, Southside Lima has a slightly higher risk of crime than national numbers, including a risk of violent crime double the national average. The Lima Police Department engages with the community through the “Safety City” youth program and a BikeGuard registry to protect bicycles from being stolen.
Health care and downtown Lima just a short drive away
The Southside connects to downtown Lima via St Johns Avenue, which offers a 5-minute trip into the heart of the city. The neighborhood is also served by the Allen County Regional Transit Authority’s buses. The nearest hospital, St. Rita’s Medical Center, is a 10-minute drive.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Seth Ciminillo,
an experienced agent in this neighborhood.
Parks in this Area
Foundry Park
Wetlands Park
Kibby Corners Park
Crime and Safety
1 - Low Crime, 10 - High Crime
Southside Lima
US
Homicide
8
4
Sexual Assault
6
4
Assault with Weapon
7
4
Robbery
6
4
Burglary
6
4
Motor Vehicle Theft
4
4
Larceny
4
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Southside Lima, Lima sell after 22 days on the market compared to the national average of 47 days. The average sale price for homes in Southside Lima, Lima over the last 12 months is $51,931, up 1% from the average home sale price over the previous 12 months.
LIST PRICE IS THE STARTING BID: ONLINE AND LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: TBD Part of a 55-Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Market rent for this property is estimated at $1,177 per month — strong cash flow potential from
LIST PRICE IS THE STARTING BID: ONLINE AND LIVE AUCTION Auction Date: May 24th at 11:30 AM (Doors Open at 10:30 AM) Live Auction Location: TBD Part of a 55-Property Investment Portfolio! Offers are encouraged prior to the auction — seller reserves the right to accept an offer before auction day. Property is currently Vacant, with market rent estimated at $1,433 — strong cash flow potential from
Charming 2-Bed, 1-Bath Ranch at 814 Hope StThis cute 2-bedroom, 1-bath ranch features some updated flooring, low-maintenance vinyl siding, and a covered porch perfect for relaxing. Whether you're looking for an investment property or a cozy place to call home, this one has great potential! Bonus Opportunity! This unit can also be purchased as part of the
Interested in learning more about homes in this area?
Reach out to
Seth Ciminillo,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
2,142
Median Age
38
Population under 18
27.2%
On par with the national average
23.8%
Population over 65
16.7%
On par with the national average
19.1%
Finances
Median Household Income
$32,999
Significantly below the national average
$71,702
Average Household Income
$43,359
Education and Workforce
High School Graduates
77.8%
Below the national average
89.1%
College Graduates
0.9%
Significantly below the national average
34.1%
Advanced Degrees
0%
% Population in Labor Force
54.6%
Weather
Annual Precipitation
41''
Average Winter Low Temperature
19°F
Average Summer High Temperature
83°F
Annual Snowfall
12''
Area Factors
Somewhat Bikeable
Bike Score®
40/ 100
Car-Dependent
Walk Score®
34/ 100
Minimal Transit
Transit Score®
22/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
