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Sheffield-Sheffield Lake

Learn about the people, housing, costs and businesses in Sheffield-Sheffield Lake, Ohio

Median Home$205,352
Median Rent$1,317/month
Population13,775
Leading IndustriesRetail · Education22% retail
Home Value Growth⬆⬆+16.7% over 2 years
Retirees22% of residentsslightly above average
Homeowners69% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Sheffield-Sheffield Lake
OH

Explore Sheffield-Sheffield Lake

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Sheffield-Sheffield Lake?

As of today, the 30-year fixed mortgage rate for Sheffield-Sheffield Lake is approximately 7.003% (7.043% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sheffield-Sheffield Lake?

The median home value in Sheffield-Sheffield Lake is $205k. The median monthly rent is $1,317. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sheffield-Sheffield Lake?

Home values in Sheffield-Sheffield Lake have increased 16.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sheffield-Sheffield Lake?

Based on a typical all-in ownership cost of $1,230/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sheffield-Sheffield Lake is $81k/year.

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What industries drive the economy in Sheffield-Sheffield Lake?

The largest employment sectors in Sheffield-Sheffield Lake are retail (22%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.