Sheffield Lake, OH is a great place to buy a home. The median value of housing in the region is $169,900, significantly less than the US median value of $338,100. Furthermore, the one year house appreciation rate in Sheffield Lake is 10.26%, which is higher than the national average of 8.27%. This indicates that housing prices in Sheffield Lake have been increasing at a relatively brisk pace. As such, now may be the perfect time to purchase a home in this growing community and benefit from its strong real estate market.
The median home cost in Sheffield Lake is $169,900. Home appreciation the last 10 years has been 69.3%. Home Appreciation in Sheffield Lake is up 13.4%.
Average Age of Homes
- The median age of Sheffield Lake real estate is 50 years old
The Rental Market in Sheffield Lake
- Renters make up 26.0% of the Sheffield Lake population
- 2.8% of houses and apartments in Sheffield Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.