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Allen County, OH

Lima

RANK #2 / 996 NAT  ·  #1 / 49 OH  ·  POP 102,087

1YR FORECAST: +6.0%

5YR OUTLOOK: +48%

#9 Most Undervalued #10 Best for Investment #50 Highest GDP Growth
Our model projects Allen County's housing market to grow +6.0% over the next year, significantly outpacing the national average.

[01] Why Allen County?

Allen County, Ohio, is perhaps best known for Lima, its largest city and county seat, which gained pop culture recognition as the setting for the television show "Glee." Located in northwestern Ohio, Lima sits along Interstate 75, roughly 72 miles north of Dayton and 78 miles south of Toledo, making commutes to larger cities accessible. The community offers a blend of urban amenities and small-town charm, with a variety of parks and natural areas like the Johnny Appleseed Metropolitan Park District providing opportunities for hiking, biking, and enjoying green spaces.

Life in Allen County offers a balance of affordability and community focus. Public schools in the county are highly rated, with several districts serving the area. The economy is driven by manufacturing, healthcare, and education, with institutions like Ohio State University at Lima and Rhodes State College contributing to the educational landscape. Recent years have seen significant investment in commercial and residential developments, alongside growth in data center and logistics sectors, indicating a forward-looking economic picture for residents.

[02] Market Snapshot

Housing Ratio
1.7x

Undervalued relative to economy

GDP Growth
+7.5%

Well above national median

Home Prices
+6.9%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
10x

Strong rental yield

Housing looks undervalued at 1.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    St. Rita's Medical Center Healthcare
    2,500+
  2. 2
    Lima Building Trades Council Other
    1,000+
  3. 3
    Lima Memorial Health System Healthcare
    500+
  4. 4
    Procter & Gamble Manufacturing Company Manufacturing
  5. 5
    Metokote Corporation Manufacturing
  6. 6
    Ford Motor Company Manufacturing
  7. 7
    Dana Corporation Manufacturing
  8. 8
    DTR Industries, Inc. Manufacturing
  9. 9
    SpartanNash Retail
  10. 10
    University of Northwestern Ohio Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Allen County U.S. National

The Numbers

DEMOGRAPHICS
Population
102,087
-0.37% YoY
Median Household Income
$58,976
Median Home Value
$147,000
+6.94% 12mo
Median Rent
$844
Average Annual Pay
$58,790
+5.2% YoY
Employment
49,690
+0.2% YoY
Income-to-Home-Value
0.4012
More affordable than average
Migration Inflow
3.43%
of pop. from another state
Bachelor's Degree+
19.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$181,000
Days on Market
71
Slower market
Months of Supply
3.4
Balanced market
Sale-to-List Ratio
96.0%
Negotiation room for buyers
Sold Above List
23.3%
Listings w/ Price Drops
27.6%
Building Permits (2024)
100
Single-Family Permits
94

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
7.8
per 100K · nat avg 6.3
Firearm Fatalities
15.5
per 100K · nat avg 14.8
Injury Deaths
95.1
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.3
Good
Good Air Days
72%
784 of 1,095 days
Unhealthy+ Days (3yr)
8
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
42
2022
41
2023
44
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$660M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center (Project BOSC)
Google
$500M Planned
Downtown Lima Revitalization Projects
Various (public and private)
$60M Completed
Infrastructure Improvements (associated with Google Data Center)
Allen County (funded by Google)
$50M Under Construction
Ohio Logistics Spec Buildings (2 x 100,000 sq ft)
Ohio Logistics
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +7.5% 95 percentile
Population Growth -0.4% 14 percentile
Income Growth +7.0% 18 percentile
Vacancy Rate 0.8% 73 percentile
Home Price Change +6.9% 97 percentile
Rent Growth +13.6% 99 percentile
Price/Rent 10x 86 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Allen County, OH a good place to move to?

Allen County ranks #2 out of 996 U.S. counties on the Boom Town Index with a score of 100/100, placing it in the top tier nationally. Median household income is $58,976 and the underlying growth metrics (housing, migration, income) hold up against peer counties.

Is Allen County affordable?

By national standards, Allen County is quite affordable. Homes here have a median value of $147,000, and the income-to-home-value ratio of 0.40 is well above the U.S. average — especially with median rent at just $844/month. Residents can generally buy a home without being cost-burdened.

Is Allen County growing or shrinking?

Population and employment in Allen County are both close to flat — population -0.4% YoY and jobs +0.2%. Home values shifted +6.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Allen County?

There's a moderate stream of newcomers. About 3.43% of residents moved from another state, which is above average and suggests Allen County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Allen County?

Home values climbed +6.9% year-over-year, which is a solid pace of appreciation. The median home in Allen County is now valued at $147,000. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Mahoning County, OH 98 Marion County, OH 98 Trumbull County, OH 97 Clark County, OH 97 Seneca County, OH 97 Darke County, OH 96 Bay County, MI 100 Orange County, TX 100