Sheffield, OH—44054
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheffield, OH
As of Oct '25, the median home price in Sheffield, OH is $218,000, with a year-over-year change of 3.0%. This indicates that home prices in Sheffield, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 3.0% |
| Single Family | $217,000 | 3.3% |
| Condos | $235,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 2.9% |
3 Bed | $211,000 | 2.9% |
4 Bed | $285,000 | 4.0% |
| 5 Bed | $300,000 | 3.8% |
% of Housing Stock
Rental Trends — Sheffield, OH
As of July '25, Rentcast reports the average rent in Sheffield, OH is $1,460, with a year-over-year rent change of -8.2%. Per bedroom, the median rent as of July '25 in Sheffield, OH is 1-bedrooms: $700, 2-bedrooms: $1,620, 3-bedrooms: $1,400. The most common rental property sizes in Sheffield, OH are 2-bedroom and 1-bedroom, accounting for 40.1% and 39.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $1,820 | $1,620 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sheffield, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheffield, OH is 38. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | 7.0% |
Listing Count | 41 | 22.0% |
| Listings as % of Homes | 0.8% | 22.0% |
Days on Market | 38 | 11.0% |
Demographics — Sheffield, OH
As of the latest ACS Survey released in 2023, Sheffield, OH has a population of 12,700, which has remained stable by 1.0% over the past 5 years. Sheffield, OH is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 25.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,700 | 1.0% |
% Under 18 | 17.5% | -14.6% |
% Seniors | 22.1% | 41.7% |
% WFH | 8.9% | 709.1% |
% w/ College Degree | 25.4% | 24.5% |
As of the latest ACS Survey released in 2023, Sheffield, OH is a predominantly white area, with 88.1% of the population identifying as white. The white population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Sheffield, OH is hispanic, making up 6.3% of the population. Foreign-born residents account for 2.9% of the population in Sheffield, OH, and this percentage has increased by 20.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.1% | 3.4% |
% Black | 1.5% | -31.8% |
% Hispanic | 6.3% | -37.6% |
% Asian | 1.0% | 150.0% |
% Foreign Born | 2.9% | 20.8% |
Mortgage and Risk — Sheffield, OH
According to HUD data as of 2023, there were 292 mortgage originations in Sheffield, OH, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Sheffield, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Sheffield, OH
Sheffield, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $700 | $1,060 |
| 2 Bedroom | -$530 | $1,820 | $1,290 |
| 3 Bedroom | $260 | $1,400 | $1,660 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Sheffield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $218,000 |
| Median Household Income | $73,200 |