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 Type | 1% |
| One Bedroom | 7.80% |
| Two Bedrooms | 17.50% |
| Three Bedrooms | 54.20% |
| Four Bedrooms | 17.30% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $100,400 |
| Median Price asked for vacant units | $97,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $698 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 12.50% |
| Home Equity Loan | 14.30% |
| Simple Mortgage | 51.60% |
| Debt Free | 21.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
