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Advertise here →Sheffield Lake, OH · Market Data
Sheffield Lake, Ohio real estate market data.
Real estate market data for Sheffield Lake, OH (Lorain County) — Census median home value $153,400, county listing prices down about 8.0% over the past year.
Sheffield Lake, OH is in Lorain County, Ohio — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 8,946, with a median household income of $62,065. Census data puts Sheffield Lake's median home value at $153,400 (all owner-occupied homes); Lorain County's current median listing price runs $309,900, down about 8.0% over the past year.
At a glance
Sheffield Lake market snapshot
Population
8,946
Median Household Income
$62,065
Median Home Value (city)
$153,400
Median Listing Price (Lorain County)
$309,900
Median Gross Rent
$1,014/mo
Price Trend (YoY)
-8.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Sheffield Lake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Sheffield Lake's median home value — across all owner-occupied homes, not just recent sales — at $153,400. Separately, Lorain County's current median listing price (via Realtor.com data, 2026-06-01) runs $309,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Lorain County's FHFA house price index shows a 5.64% annual change in 2025.
Population & Income
Sheffield Lake has an estimated population of 8,946 and a median household income of $62,065, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Sheffield Lake's Census-reported median home value works out to about 2.5x the area's median household income, and median gross rent runs roughly 20% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Sheffield Lake FAQ
What are home values like in Sheffield Lake, OH?
The Census Bureau's American Community Survey puts Sheffield Lake's median home value at $153,400. Lorain County's current median listing price runs $309,900, down about 8.0% over the past year.
What is the population of Sheffield Lake, OH?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Sheffield Lake's population at approximately 8,946.
What's the median rent in Sheffield Lake, OH?
The Census ACS estimates median gross rent in Sheffield Lake at approximately $1,014 per month.
What is the median household income in Sheffield Lake, OH?
Census ACS data puts the median household income in Sheffield Lake at approximately $62,065.
Is the Sheffield Lake housing market growing?
Lorain County's FHFA house price index shows a 5.64% annual change in 2025.
Is Sheffield Lake, OH affordable relative to income?
Census ACS data puts Sheffield Lake's median home value at about 2.5 times the median household income, with median gross rent equal to roughly 20% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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