Sheffield Lake, OH housing market
The typical Sheffield Lake home is worth about $210,000, up 5.3% in a year, 16% below the Ohio typical home. Homes typically sell in 28 days, close to asking.
Home values, sales, trends and how Sheffield Lake compares with the towns next door — updated as new data is published.
Sheffield Lake at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Sheffield Lake | Ohio |
|---|---|---|
| 2017 | $104,000 | $133,000 |
| 2018 | $115,000 | $141,000 |
| 2019 | $125,000 | $150,000 |
| 2020 | $130,000 | $158,000 |
| 2021 | $146,000 | $178,000 |
| 2022 | $162,000 | $195,000 |
| 2023 | $177,000 | $211,000 |
| 2024 | $187,000 | $224,000 |
| 2025 | $196,000 | $237,000 |
| 2026 | $206,000 | $245,000 |
| August 2026 | $210,000 | $249,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Sheffield Lake in 2025, all single-family houses. That's 0.4 per 1,000 residents, slower than across Ohio (3.3). Over the past 10 years, Sheffield Lake has permitted 75 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Sheffield Lake's population fell by 180 even though 15 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $492,000 |
| 2025 | 4 | 4 | 0 | $700,000 |
| 2024 | 2 | 2 | 0 | $300,000 |
| 2023 | 23 | 3 | 20 | $3.3 million |
| 2022 | 26 | 8 | 18 | $5.1 million |
| 2021 | 6 | 6 | 0 | $2.6 million |
| 2020 | 7 | 7 | 0 | $2.1 million |
| 2019 | 2 | 2 | 0 | $420,000 |
| 2018 | 1 | 1 | 0 | $250,000 |
| 2017 | 2 | 2 | 0 | $364,000 |
| 2016 | 2 | 2 | 0 | $379,000 |
| 2015 | 1 | 1 | 0 | $155,000 |
| 2014 | 2 | 2 | 0 | $449,000 |
| 2013 | 1 | 1 | 0 | $270,000 |
| 2012 | 1 | 1 | 0 | $350,000 |
| 2011 | 2 | 2 | 0 | $600,000 |
| 2010 | 1 | 1 | 0 | $250,000 |
| 2009 | 1 | 1 | 0 | $127,000 |
| 2008 | 3 | 3 | 0 | $579,000 |
| 2007 | 2 | 2 | 0 | $990,000 |
| 2006 | 3 | 3 | 0 | $405,000 |
| 2005 | 11 | 11 | 0 | $1.6 million |
| 2004 | 22 | 22 | 0 | $3.9 million |
| 2003 | 34 | 34 | 0 | $4.4 million |
| 2002 | 30 | 30 | 0 | $4.2 million |
| 2001 | 18 | 18 | 0 | $3 million |
| 2000 | 8 | 8 | 0 | $1.2 million |
How Sheffield Lake ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Sheffield Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Sheffield Lake | $210K | +5.3% | $1,360 | 4 | $69,632 |
| Sheffield | — | +7.1%† | $1,350 | 42 | $107,837 |
| Lorain | $157K | +3.9% | $1,110 | 47 | $48,685 |
| Avon Lake | $426K | +4.4% | $1,860 | 118 | $115,567 |
† FHFA price index change, where Zillow has no home value for the town.
3 years of income
The typical Sheffield Lake home costs about 3 years of the town's median household income, less than across Ohio (3.5 years).
How Sheffield Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,360
HUD's Fair Market Rent for a two-bedroom in Sheffield Lake is $1,360 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Sheffield Lake pay a median of $1,054, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $990 · 4 bedrooms $1,870
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44054; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.