Sheffield Lake Ohio City Guide

In 2010, Sheffield Lake was home to an estimated 9,224 residents. In the following years, the population shrank. In 2018, the city’s population was reportedly 9,011. This data indicates the city’s annual growth rate averages at -0.34%, and the 10 year growth rate is reportedly -2.36.

A reported 4,331 residents are female, which equals around 48% of the city’s population. An estimated 4,680 Sheffield Lake residents are men, which equals 52% of the city’s population.

Sheffield Lake’s median resident age is 40. The majority of residents are between 35 and 54 years of age, with the next highest age range being 5-19 year olds.

As is commonplace in this corner of Ohio, about 93.3% of residents are White. 4.7% residents are biracial or multiracial, which is a larger percentage than both Ohio’s average and the U.S. average. Another 1.2% of the city’s population is Black or African American.

96.6% of Sheffield Lake’s population only speaks English. An estimated 1.9% of residents speak Spanish. Meanwhile, 0.7% of residents speak either Russian, Polish, or another Slavic language.

1.6% of Sheffield Lake’s population was born outside of the U.S. Also, 26% of residents have German ancestry, 16.5% have Irish roots, and 12% of residents identify as Italian.

There are 2 public elementary schools in Sheffield Lake, and other public educational campuses that serve higher grade levels are short commutes away for local students.

For reference, an estimated 91.7% of the city’s residents are high school graduates. 25.5% of Sheffield Lake residents who are 25 years of age and over have had some college education. Another 15.1% of residents over 25 years old have earned an associate’s degree.

An estimated 13.7% of Sheffield Lake residents have a bachelor’s degree, while 4.4% of residents have a higher degree or a professional degree.

Real estate in Sheffield Lake generally trends under the national average.

With a median home value of $133K, it’s no surprise that 55.2% of real estate in Sheffield Lake is priced between $117K-$234K. The second most common price range is $58K-$234K, seeing as 36.6% of properties are valued in this range. Additionally, 4.5% of properties are valued under $58K, while 2.7% of real estate is priced between $234K-$351K. Additionally, 0.9% of Sheffield Lake properties vary from $584K to $887K.

From October 2009 to October 2019, the average annual home appreciation rate fell below national averages, considering that the appreciation rate was only 0.56%. This rate is under 70% of neighborhoods across the United States.

From October 2018 to October 2019, trends shifted; the appreciation rate was 1.73%, which is still lower than most American cities. However, ongoing trends may lead to appreciation rates that annualize to 10.38%.

There are about 3,500 housing options in the city. 27.7% of properties are rented, 72.4% of properties are owner-occupied, and 9.3% of housing stands vacant.

As is common in Ohio, the majority of residences are single family homes. Here, 81.8% of options are detached houses. Additionally, 14.7% of properties are apartment complexes, while 1.4% of properties are smaller apartment buildings.

To give an impression of how big residences tend to be in Sheffield Lake, 49.3% are 3 bedroom properties. Meanwhile, 22% have 4 bedrooms, and 18.2% have 2 bedrooms. Just 8.1% of properties have 1 bedroom.

As for age, the majority of properties at 49.9% were built between 1940-1969. 37.8% of housing options were constructed between 1970-1999, and 6.2% of properties were built in or before 1939. The remaining 6.1% of properties broke ground in 2000 or later years.

Sheffield Lake’s median household income nears $64K. The city’s per capita income is $29K, and the average salary in Sheffield Lake is $46K.

A little over 5% of the population makes under $15K per year. Almost 13% of residents make between $15K-$25K annually. 23% of residents make between $25K-$35K, and 24% earn between $35K-$50K. From there, 16.5% of Sheffield Lake’s population earns $50K-$65K annually, and 5.6% makes between $65K-$75K. Another 8% of the population earns between $75K-$100K, while 4.3% make over $100K annually.

The city’s unemployment rate tracks around 4.8%, and the overall poverty rate in Sheffield Lake is 4.1%.