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Population & People
Population
8,958
Median age
44.3
Median household income
$69,632
Poverty rate
14.8%
Unemployment rate
3.6%
Bachelor's degree+
18.2%
Avg. commute
25 min
Hispanic or Latino
10.1%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$167,000
Median gross rent
$1,054/mo
Homeownership rate
68.12%
HUD FMR — 2 bedroom
$1,092
HUD Fair Market Rent (Ohio statewide average across 88 areas — not specific to Sheffield Lake), 2026. Efficiency $816, 1BR $873, 2BR $1092, 3BR $1388, 4BR $1550. This is a different official figure from Census median gross rent above.
Energy
Ohio gasoline midgrade
$4.40
Ohio commercial electricity
11.6¢/kWh
Ohio industrial electricity
8.52¢/kWh
Ohio residential electricity
16.96¢/kWh
Economy
Gross Domestic Product: All Industry Total
966779.9
Real Gross Domestic Product: All Industry Total
734365.1
All-Transactions House Price Index for Ohio
522.21
Unemployment Rate
3.4%
Source: FRED, Ohio-specific series.
