Lima township, Michigan Housing

Lima township, Michigan has a population of 3,800, with a median household income of $68,200.

Current housing data for Lima township.

$266,000

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Population

3,800

💰

Median Income

$68,200

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Unemployment

5.10%

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Housing Price

$266,000

🚨

Crime Rate

4.70

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Internet Speed

198.00 Mbps

Lima township is a small local community located in Michigan. The city has a population that is below the average city population in Michigan, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Michigan, Lima township provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Lima township has a population of 3,800, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Lima township is $68,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Lima township average around $266,000, which is relatively high compared to other cities in Michigan.

Employment and Safety

The unemployment rate in Lima township is 5.10%, which is lower than the state average, indicating a relatively strong job market. Lima township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Michigan, Lima township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Lima township offers a balanced mix of economic conditions, population trends, and housing opportunities within Michigan.

Frequently Asked Questions about Lima township

What is the population of Lima township?

The population of Lima township is approximately 3,800.

Is Lima township a good place to live?

Lima township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Lima township?

The median household income in Lima township is around $68,200.

How expensive is housing in Lima township?

The average housing price in Lima township is approximately $266,000.