House Prices

House Prices & Home Values Lima, IL 2026


Average Data

average house price$90,642
average size per house1502 ft²
average price per ft²61 $ / ft²

04/05/2026 - The value range (VR) for house prices in Lima, IL is $38/ sqft to $38/ sqft. An average home with 1502 sqft costs approximately $57,076 to $57,076. Lima, IL includes 1 ZIP codes and it is located in Adams county. The lowest prices are found in ZIP 62348, while the highest are in ZIP 62348. The average price per sqare feet is $61. Our analysis is based on 24 property listings.

Avergage prices by ZIP codes Lima

6234841 $ / ft²




Historical development of home values in Lima

Year Estimated value (USD) Change vs. 2025
2010 $42,096 -53.6%
2011 $40,468 -55.4%
2012 $40,359 -55.5%
2013 $41,867 -53.8%
2014 $43,949 -51.5%
2015 $46,205 -49.0%
2016 $48,616 -46.4%
2017 $51,240 -43.5%
2018 $54,073 -40.3%
2019 $56,580 -37.6%
2020 $59,505 -34.4%
2021 $67,681 -25.3%
2022 $78,901 -13.0%
2023 $83,204 -8.2%
2024 $88,018 -2.9%
2025 $90,642 0.0%

Graph: estimated home values in Lima over time (USD)



Example: 100% financing house in Lima

Loan amount: $90,642

Interest rate: 6.00%

Fixed monthly payment: $543.44

Breakdown in the 1st month:
Interest portion: $453.21  –  Principal portion: $90.23

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $5,408.24 $1,113.09 $89,528.91
2 $5,339.59 $1,181.75 $88,347.16
3 $5,266.70 $1,254.64 $87,092.52
4 $5,189.32 $1,332.02 $85,760.50
5 $5,107.16 $1,414.17 $84,346.33
6 $5,019.94 $1,501.40 $82,844.93
7 $4,927.33 $1,594.00 $81,250.93
8 $4,829.02 $1,692.31 $79,558.62
9 $4,724.64 $1,796.69 $77,761.92
10 $4,613.83 $1,907.51 $75,854.41
11 $4,496.17 $2,025.16 $73,829.25
12 $4,371.27 $2,150.07 $71,679.19
13 $4,238.66 $2,282.68 $69,396.51
14 $4,097.87 $2,423.47 $66,973.04
15 $3,948.39 $2,572.94 $64,400.09
16 $3,789.70 $2,731.64 $61,668.46
17 $3,621.22 $2,900.12 $58,768.34
18 $3,442.34 $3,078.99 $55,689.34
19 $3,252.44 $3,268.90 $52,420.45
20 $3,050.82 $3,470.52 $48,949.93
21 $2,836.77 $3,684.57 $45,265.36
22 $2,609.51 $3,911.83 $41,353.53
23 $2,368.24 $4,153.10 $37,200.44
24 $2,112.08 $4,409.25 $32,791.18
25 $1,840.13 $4,681.21 $28,109.98
26 $1,551.40 $4,969.93 $23,140.04
27 $1,244.87 $5,276.47 $17,863.58
28 $919.43 $5,601.91 $12,261.67
29 $573.91 $5,947.42 $6,314.25
30 $207.09 $6,314.25 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lima, IL


1500 sqft3900 sqft
Ø selling price$110,716$235,522
Ø fast selling$100,651$211,969
Ø high price sale$120,781$259,074

In 2026, houses in Lima, IL will be offered at an average price of $61 per square foot. A 1,500 sqft home priced at $110,716 is 24.56% more expensive per square foot than a 3,900 sqft home priced at $235,522. Home prices in Lima, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $163,053. Sellers who can wait longer may achieve a higher price of up to $199,288.


Discover Lima, IL

About Lima, IL

Lima, IL is a small rural community in northern Adams County near the scenic Mississippi River bluffs. Part of the Quincy micropolitan area, Lima, IL offers peaceful country living with easy access to regional amenities. The community?s roots in Midwestern agriculture and river trade shape its relaxed pace and friendly character.


Things to Do and See

Nearby, the Great River Road (IL-96) offers sweeping overlooks, farm vistas, and river sunsets. Birders can spot seasonal migrations along the Mississippi Flyway and explore quiet backwaters and levee trails. Day trips from Lima, IL include historic river towns like Quincy, Warsaw, and Nauvoo, plus local orchards, farm stands, and wineries.


Living in Lima, IL

Living in Lima, IL means low traffic, spacious lots, and a tight-knit community centered on farming, churches, and volunteer events. Families appreciate the small-town feel while relying on nearby schools, healthcare, and shopping in Quincy and other Adams County hubs.


Travel and Practical Info

Lima, IL is reachable via county roads that link to Illinois Route 96 and major routes in Quincy for commuting and supplies. Expect four distinct seasons with cold, snowy winters and warm, humid summers, making spring and fall ideal times to visit this quiet corner of Adams County.



FAQ – Home Values in Lima

What is the median home value in Lima in 2026?

In 2026, the typical home value in Lima is about $90,642 for an average home size of 1502 square feet. This corresponds to an average price of roughly $61 per square foot.

What is the average cost per square foot in Lima?

In 2026, homes in Lima sell for an average of around $61 per square foot, with a typical range between $38 and $38 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lima is about 1502 square feet, with an estimated 2026 value around $90,642.



Locations close to Lima, IL

Loraine, IL39 $ / ft²
Mendon, IL143 $ / ft²
Milton, IL40 $ / ft²
Liberty, IL129 $ / ft²
La Prairie, IL52 $ / ft²
Kinderhook, IL44 $ / ft²




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