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Sheffield Lake, OH Real Estate


According to census data in the year 2000 there were 3,776 housing units in Sheffield Lake. This represents a 6.6% growth from 3,542 in 1990.

Of those housing units, 3,776 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Sheffield Lake is about 80.1%. Sheffield Lake's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.68 people.

The majority of houses, apartments or condos in Sheffield Lake were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type1%
One Bedroom7.80%
Two Bedrooms17.50%
Three Bedrooms54.20%
Four Bedrooms17.30%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1963
Median Value of occupied units$100,400
Median Price asked for vacant units$97,400

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1965
Median Monthly Rent asked for vacant units$698

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage12.50%
Home Equity Loan14.30%
Simple Mortgage51.60%
Debt Free21.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.9%