Rental market snapshot for Sheffield Lake, Ohio

Sheffield Lake, Ohio Rental Property Market Overview

Sheffield Lake, Ohio is a small city located in Lorain County with a population of 8,973 as of 2021, according to the US Census. The city is situated on the south shore of Lake Erie and is a popular destination for outdoor activities such as fishing, boating, and swimming. Sheffield Lake is also home to a variety of parks and trails, making it a great place to explore nature. The city is also home to a variety of restaurants, shops, and other amenities, making it a great place to live and visit.

The average rent for an apartment in Sheffield Lake is $1,561. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 9.7% over the past year.

Last Updated October 03, 2023

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Average monthly rent graph in Sheffield Lake Ohio | Cost of Living

  • The most expensive ZIP code in Sheffield Lake is 44054 with an average price of $2,103.
  • The cheapest ZIP code in Sheffield Lake is 44054 with an average price of $2,103.

Sheffield Lake ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
144054$2,103

Live near Sheffield Lake, Ohio's Top Sights and Attractions

Ferndale Park is a beautiful outdoor recreational area located on the shores of Lake Erie. It features a large beach area with a playground, picnic tables, and grills. There is also a fishing pier, a boat launch, and a walking path that winds through the park. The park also has a pavilion and a concession stand. The park is a great place to spend the day with friends and family, enjoying the fresh air and beautiful views of the lake.

The 103rd Ohio Volunteer Infantry Civil War Museum is a museum dedicated to the history of the 103rd Ohio Volunteer Infantry during the Civil War. The museum features a variety of artifacts, including uniforms, weapons, photographs, and documents from the 103rd Ohio Volunteer Infantry. Visitors can also explore a replica of a Civil War camp and view a variety of interactive displays. The museum also offers educational programs and special events throughout the year.

Memorial Park is a beautiful public park located on the shores of Lake Erie. It features a large beach, picnic areas, playgrounds, and a walking path. The park also has a memorial dedicated to the veterans of the United States Armed Forces. The memorial includes a flagpole, a stone wall, and a plaque with the names of those who served. Visitors can also enjoy a variety of activities such as fishing, swimming, and boating.

Richelieu Park is a beautiful outdoor attraction located on the shores of Lake Erie. It features a large beach area with a playground, picnic tables, and a boardwalk. There is also a boat launch, fishing pier, and a nature trail. The park is a great place to spend the day with family and friends, enjoying the natural beauty of the lake and the surrounding area.

Westshore Park is a beautiful outdoor destination located on the shore of Lake Erie. It features a large beach area with plenty of space to relax and enjoy the sun and sand. There is also a playground, picnic area, and a fishing pier. Visitors can take advantage of the park's walking trails, which offer stunning views of the lake. The park also hosts a variety of events throughout the year, including concerts, festivals, and other activities.

Guenther Park is a picturesque park located on the shores of Lake Erie. It features a large beach area, a playground, a picnic area, and a fishing pier. The park also has a large pavilion, which is perfect for hosting events and gatherings. There are also plenty of walking and biking trails, as well as a boat launch. The park is a great place to relax and enjoy the beauty of nature.

Sheffield Beach Park is a beautiful lakeside park located on the shore of Lake Erie. It features a sandy beach, a playground, picnic tables, and a fishing pier. There is also a boat launch, a pavilion, and a volleyball court. The park is a great place to relax and enjoy the lake views, take a stroll, or have a picnic. It's a great spot for families to spend the day and make memories.

Shell Cove Park is a beautiful waterfront park located on the shores of Lake Erie. It features a large beach area with plenty of sand for sunbathing and swimming, as well as a playground and picnic area. The park also has a boat launch, fishing pier, and a boardwalk with stunning views of the lake. There are also plenty of trails for walking, biking, and jogging, as well as a disc golf course. The park is a great place to spend the day with family and friends, enjoying the outdoors and the beauty of the lake.

Freedom Park is a picturesque park located on the shores of Lake Erie. It features a variety of outdoor activities, including a playground, picnic areas, a fishing pier, and a beach. There are also walking trails, a boat launch, and a boardwalk that winds around the lake. The park is also home to a variety of wildlife, including birds, turtles, and other aquatic creatures. Visitors can also enjoy the breathtaking views of the lake and the surrounding area.

Erie Shores Park is a scenic waterfront park located on the southern shore of Lake Erie. It features a variety of recreational activities, including swimming, fishing, boating, and picnicking. The park also has a large playground, a beach, and a boardwalk. Visitors can also enjoy a variety of wildlife, including birds, turtles, and other animals. The park is also home to a variety of plants and trees, making it a great spot for nature lovers.

Sheffield Lake, Ohio area median rent change by ZIP code map

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How does Sheffield Lake compare to other cities in Ohio?

citymedian price
Rocky River$2,195
Mason$2,095
Gallipolis$1,935
Twinsburg$1,730
Holland$1,485
Cleveland$1,150
East Cleveland$995

Average household income in Sheffield Lake area graph - US Census

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The median household income in Sheffield Lake in 2021 was $65,172. This represents a 39.8% change from 2011 when the median was $46,623.

#categorypercent
0Less than $10,0001.5%
1$10,000 to $14,9991.0%
2$15,000 to $19,9992.8%
3$20,000 to $24,9999.3%
4$25,000 to $29,9992.1%
5$30,000 to $34,9992.6%
6$35,000 to $39,9997.8%
7$40,000 to $44,9995.3%
8$45,000 to $49,9997.7%
9$50,000 to $59,99911.6%
10$60,000 to $74,99912.0%
11$75,000 to $99,99916.8%
12$100,000 to $124,9999.3%
13$125,000 to $149,9994.3%
14$150,000 to $199,9993.6%
15$200,000 or more2.3%

Neighborhoods in Sheffield Lake

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of August , the average rent in Sheffield Lake is $1,561.
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