Sheffield Lake, OH Profile: Facts & Data

The City of Sheffield Lake had a population of 8,946 as of July 1, 2024. Sheffield Lake ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Ohio. See peer rankings below.

The primary coordinate point for Sheffield Lake is located at latitude 41.4875 and longitude -82.1015 in Lorain County. The formal boundaries for the City of Sheffield Lake encompass a land area of 2.48 sq. miles and a water area of 0 sq. miles. Lorain County is in the Eastern time zone (GMT -5).

The City of Sheffield Lake has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Sheffield Lake, OH Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	8,946 (100%)
Population in Households	8,946 (100.0%)
Population in Families	6,807 (76.1%)
Population in Group Quarters¹	0
Population Density	3,589
Diversity Index²	36


INCOME
Median Household Income	$68,673
Average Household Income	$89,475
% of Income for Mortgage⁴	17%
Per Capita Income	$39,127
Wealth Index⁵	75
Socioeconomic Status Index⁶	Moderate (53.1)

HOUSING
Total HU (Housing Units)	4,155 (100%)
Owner Occupied HU	2,849 (68.6%)
Renter Occupied HU	1,063 (25.6%)
Vacant Housing Units	243 ( 5.8%)
Median Home Value	$185,163
Average Home Value	$255,897
Housing Affordability Index³	134

HOUSEHOLDS
Total Households	3,912
Average Household Size	2.29
Family Households	2,394
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Sheffield Lake, OH - Peer Comparisons by Rank and Percentile

The table below compares Sheffield Lake to the other 1,265 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.03%	0.02%
Households	0.40%	0.37%
Families		0.12%
Median Household Income		3.51%
Per Capita Income		4.21%
Owner Occupied HU		0.91%

Variable Description	Rank	Percentile
Total Population	# 202	84th
Population Density	# 53	96th
Median Household Income	# 646	49th
Housing Affordability Index	# 732	58th
Per Capita Income	# 472	63rd
Diversity Index	# 203	84th

Sheffield Lake, OH Profile: Facts & Data

Sheffield Lake, Ohio - Basic Facts

Sheffield Lake, OH Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Sheffield Lake, OH - Peer Comparisons by Rank and Percentile

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