What is the median home price in Sheffield Lake?

The median home price in Sheffield Lake, Sheffield Lake city, Ohio is $143,300, which is 49% below the national average of 281,900 ($281,900).

Is Sheffield Lake safe?

Sheffield Lake, Sheffield Lake city, Ohio has a violent crime rate of 1.4 per 1,000 residents, which is 61% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the Walk Score for Sheffield Lake?

Sheffield Lake, Sheffield Lake city, Ohio has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 26/100.

What is the median household income in Sheffield Lake?

The median household income in Sheffield Lake, Sheffield Lake city, Ohio is $61,699, which is 17% below the national average of 74,580 ($74,580).

What is the average rent in Sheffield Lake?

The median rent in Sheffield Lake, Sheffield Lake city, Ohio is $888 per month. The national average median rent is $1,163/month.

What is the air quality in Sheffield Lake?

Sheffield Lake, Sheffield Lake city, Ohio has an Air Quality Index (AQI) of 43, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Sheffield Lake?

The population of Sheffield Lake, Sheffield Lake city, Ohio is approximately 8,958. The homeownership rate is 88.0% (national average: 65.9%).

What are the climate risks in Sheffield Lake?

Sheffield Lake, Sheffield Lake city, Ohio has an overall climate risk rating of "Very Low" with a risk score of 7.70. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

Is Sheffield Lake affordable?

Sheffield Lake, Sheffield Lake city, Ohio has an affordability index of 135, which is above the national baseline of 100, indicating relatively affordable housing. The electricity rate is 14.5¢/kWh (national average: 16.6¢/kWh).

What is the unemployment rate in Sheffield Lake?

The unemployment rate in Sheffield Lake, Sheffield Lake city, Ohio is 3.2%. The national average unemployment rate is 3.7%. The poverty rate is 12.0% (national average: 12.4%).

Sheffield Lake

Sheffield Lake city, Ohio

Affordable

About Sheffield Lake

If you're seeking a slice of Americana without the hefty price tag, Sheffield Lake, Ohio, is a hidden gem. Nestled along the shores of Lake Erie, this charming community offers a laid-back lifestyle with a median home value of just $143,300, significantly below the national average. Imagine owning a home for less than half the cost of many other US locales! The pace of life here is relaxed, perfect for those seeking a more affordable and less stressful environment. It's a place where neighbors know each other, and the sense of community is palpable.

From an investment perspective, Sheffield Lake presents a compelling opportunity. While the median household income of $61,699 is slightly under the national average, the incredibly affordable housing market makes homeownership accessible to a wider range of people. This area is ideally suited for first-time homebuyers, young families, and those looking to downsize. With a population of 8,958, the town boasts a close-knit feel, and the low cost of living allows residents to enjoy a comfortable lifestyle.

Sheffield Lake, Ohio at a Glance

Sheffield Lake is a city in Sheffield Lake city, Ohio with a population of approximately 8,958. The median home value is $143,300 and the median household income is $61,699. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Very Low." Median rent is $888 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.