Sheffield Lake, OH


Highest Appreciating Sheffield Lake Neighborhoods Since 2000

Sheffield Lake, OH Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sheffield Lake Housing Market Information

With a population of 9,026, 3,741 total housing units (homes and apartments), and a median house value of $124,305, house prices in Sheffield Lake are solidly below the national average.

Single-family detached homes are the single most common housing type in Sheffield Lake, accounting for 79.74% of the city's housing units. Other types of housing that are prevalent in Sheffield Lake include large apartment complexes or high rise apartments ( 15.47%), row houses and other attached homes ( 2.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sheffield Lake. Owner-occupied housing accounts for 72.07% of Sheffield Lake's homes, and 70.27% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sheffield Lake's housing was primarily built during this period, from the '40s through the '60s. A full 45.22% of the city's housing hails from this era. Other housing ages represented in Sheffield Lake include homes built between 1970-1999 ( 41.85%) and housing constructed before 1939 ( 6.69%). There's also some housing in Sheffield Lake built between 2000 and later ( 6.25%).

Sheffield Lake Home Appreciation Rates

Sheffield Lake's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sheffield Lake during the period has been just -1.86%, which is lower than 80% of US communities.

Over the last year, Sheffield Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Sheffield Lake's appreciation rate has been -1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sheffield Lake were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Sheffield Lake's latest annual appreciation rate is lower than 90% of the other cities and towns in Ohio.

Average Home Values


Median Home Value:

Sheffield Lake, OH HOME PRICES

Value Range
> $1,037,000 0.0
$777,001 - $1,037,000 0.0
$518,001 - $777,000 2.1
$414,001 - $518,000 0.0
$311,001 - $414,000 0.3
$207,001 - $311,000 3.2
$104,001 - $207,000 57.0
$52,001 - $104,000 32.6
$0 - $52,000 4.8

Average for OH
Low for Nation

Value Relative to Nation Value Relative to State
62.979022618071 59.9737532808399

Number Of Homes And Apartments:

Sheffield Lake Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-10.81% -0.66% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,150 / per month

Homeownership Rate

Owners 72.07
Renters 27.93
Vacant 8.02

Housing Market Details


Age of Homes

AGE OF Sheffield Lake HOMES
2000 or Newer 6.2
1970 - 1999 41.8
1940 - 1969 45.2
1939 or Older 6.7

Types of Homes

TYPE OF Sheffield Lake HOMES
Single-Family 79.7
Townhomes 2.9
Small Apt. Buildings 1.3
Apt. Complexes 15.5
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Sheffield Lake HOMES
No Bedroom 0.00
1 Bedroom 8.38
2 Bedrooms 19.28
3 Bedrooms 49.35
4 Bedrooms 20.92
5 or more bedrooms 2.07

Popular Neighborhoods in Sheffield Lake

Zip Codes in Sheffield Lake, OH