Sheffield, AL—35660
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheffield, AL
As of Oct '25, the median home price in Sheffield, AL is $127,000, with a year-over-year change of -2.2%. This indicates that home prices in Sheffield, AL are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | -2.2% |
| Single Family | $127,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $106,000 | -0.9% |
3 Bed | $152,000 | 0.7% |
4 Bed | $207,000 | 1.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sheffield, AL
As of July '25, Rentcast reports the average rent in Sheffield, AL is $872, with a year-over-year rent change of 2.0%. Per bedroom, the median rent as of July '25 in Sheffield, AL is studios: $633, 1-bedrooms: $638, 2-bedrooms: $763, 3-bedrooms: $1,240, 4-bedrooms: $1,500. The most common rental property sizes in Sheffield, AL are 3-bedroom and 2-bedroom, accounting for 37.3% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $872 |
| Studio Rent | $675 | $633 |
| 1 Bed Rent | $595 | $638 |
| 2 Bed Rent | $800 | $763 |
| 3 Bed Rent | $1,200 | $1,240 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Sheffield, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheffield, AL is 63. This is a increase of 6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $168,000 | 2.0% |
Listing Count | 67 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 63 | 6.0% |
Demographics — Sheffield, AL
As of the latest ACS Survey released in 2023, Sheffield, AL has a population of 9,380, which has increased by 4.4% over the past 5 years. Sheffield, AL is a moderately popular place for families, as children make up 20.0% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,380 | 4.4% |
% Under 18 | 20.0% | 0.5% |
% Seniors | 21.4% | -0.5% |
% WFH | 5.7% | 256.2% |
% w/ College Degree | 15.8% | -25.8% |
As of the latest ACS Survey released in 2023, Sheffield, AL is a predominantly white area, with 67.9% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Sheffield, AL is black, making up 26.3% of the population. Foreign-born residents account for 0.9% of the population in Sheffield, AL, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.9% | -2.6% |
% Black | 26.3% | 14.8% |
% Hispanic | 2.0% | -35.5% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.9% | -50.0% |
Mortgage and Risk — Sheffield, AL
According to HUD data as of 2023, there were 153 mortgage originations in Sheffield, AL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Sheffield, AL. Investor activity is low, as 8.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 8.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sheffield, AL
As of 2024, the percent of homes in Sheffield, AL under the Section 8 program is 8.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Sheffield, AL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 561 |
Total Units Section 8 | 158 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $595 | $740 |
| 2 Bedroom | $170 | $800 | $970 |
| 3 Bedroom | -$10 | $1,200 | $1,190 |
| 4 Bedroom | -$80 | $1,500 | $1,420 |
Affordability — Sheffield, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $127,000 |
| Median Household Income | $42,500 |