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Sheffield Lake, OH
Full City Profile · Ohio · Lorain County County
3.1
/5.0
B
Good
8,946
Population
3,593/sq mi density
$62,065
Median Income
$37,518 per capita
$153,400
Home Value
$198,442 Zillow
$1,014
Median Rent
22.4% income on rent
53°F
Avg Temperature
275 sunny days/yr
67
Violent Crime/100K
783 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$62,065 median income, 2.2% unemployment
A+
Affordability
5.0 / 5.0
$153,400 home value, $1,014/mo rent
F
Safety
1.0 / 5.0
67 violent crimes/100K
C+
Education
2.5 / 5.0
19.1% bachelor's degree or higher
Housing Overview
Median Home Value
$153,400
46% below
US avg: $281,900
Median Rent
$1,014/mo
13% below
US avg: $1,163/mo
Homeownership Rate
72.1%
10% above US avg (65.4%)
Total Housing Units
4,520
Median year built: 1966
Home Value by Source
Census Median
$153,400
Zillow (ZHVI)
$198,442
Median Sale Price
$240,550
Median List Price
$229,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.1%
Owner-Occupied
27.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent:
$1,014/mo
Market Indicators (Redfin)
Median Days on Market
66 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
23.5%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
17
homes for sale
Affordability & Housing Stock
Rent Burden
22.4%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
72.1%
Complete Housing Data
Home Values
| Census Median Value | $153,400 |
| Zillow Home Value (ZHVI) | $198,442 |
| Median Sale Price | $240,550 |
| Median List Price | $229,950 |
| Price Per Sq Ft | $148 |
Rent
| Census Median Rent | $1,014 |
| FMR Studio | $816 |
| FMR 1-Bedroom | $873 |
| FMR 2-Bedroom | $1,092 |
| FMR 3-Bedroom | $1,388 |
| FMR 4-Bedroom | $1,550 |
Market
| Days on Market | 66 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.5% |
| Homes Sold | 8 |
| Active Inventory | 17 |
| Price Per Sq Ft | $148 |
Ownership & Stock
| Owner-Occupied | 72.1% |
| Renter-Occupied | 27.9% |
| Homeownership Rate | 72.1% |
| Total Housing Units | 4,520 |
| Median Year Built | 1966 |
| Rent Burden | 22.4% |