45887 — Spencerville, OH Home Values
Typical home value $206,242 as of June 2026 · 6th of 11 in Lima, OH
Blue: typical home value (Zillow ZHVI) in ZIP code 45887, June 2021 to June 2026. This page shows observed data only; no forecast.
How 45887 compares in the Lima, OH area
ZIP code 45887 (Spencerville, OH) has a typical home value of $206,242 as of June 2026, ranking 6th of 11 ZIP codes tracked in the Lima, OH area, more expensive than about 55% of ZIP codes in the metro. Prices here have moved +10.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +30.1%, from $158,579 in June 2021 to $206,242 in June 2026.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Lima, OH forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Lima.
Population and demographics
ZIP code 45887 has a population of 4,335, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 95.9% White, 1.8% two or more races, 1.3% Black or African American, 0.7% another race, and 0.3% Hispanic or Latino.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Spencerville Middle School | 2500 Wisher Dr, Spencerville, OH | 1.3 mi |
| Spencerville Elementary School | 2500 Wisher Dr, Spencerville, OH | 1.3 mi |
| Spencerville High School | 2500 Wisher Dr, Spencerville, OH | 1.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 45887?
$206,242 as of June 2026, the latest month Zillow has published observed data for.
Is 45887 an expensive ZIP code in the Lima, OH area?
45887 ranks 6th of 11 ZIP codes in the Lima, OH area by typical home value, more expensive than about 55% of ZIP codes in the metro.
How much have home values in 45887 changed over the past year?
+10.5% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 45887?
4,335, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 45887?
Spencerville Middle School (1.3 mi), Spencerville Elementary School (1.3 mi), Spencerville High School (1.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 45887?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Lima, OH forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.