foreclosure.com

Foreclosure Homes in Sheffield Lake, OH 44054

Search within map
Displaying 1 - 10 of 34

Reasons to Move to Lorain County, OH

Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Lorain County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Lorain County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.

What type of property to buy in Lorain County,

Our extensive database in Lorain County includes 34 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Lorain County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.

Pros and Cons of Living in Lorain County, OH

How do you know that living in—or moving to— Lorain County is the right choice for you? Perhaps you grew up in Lorain County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lorain County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.

Here are some expert tips to consider when shopping for foreclosed homes for sale in Lorain County:

  • Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
  • Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
  • Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • Commute: What type of commute (car, plane, home office) suits your lifestyle?

Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Lorain County, .


Sheffield Lake, OH Foreclosures

How much do homes sell for in Sheffield Lake, OH?
The average home price is currently $235,984.
In Sheffield Lake, OH, how many homes are available?
There are currently 34 active home listings available in Sheffield Lake.
What’s the average rental cost in Sheffield Lake, OH?
The average rental price in Sheffield Lake is $1,179.
What is the most expensive home in Sheffield Lake?
The most expensive home sold in Sheffield Lake had a price of $5,013,398.
What is currently the cheapest priced home in Sheffield Lake, OH?
The cheapest home for sale in Sheffield Lake is priced at $14,965.

Home Value Estimator For Sheffield Lake, OH

There are currently 3,997 real estate properties in Sheffield Lake, OH, with a median automated valuation model (AVM) price of $203,424.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sheffield Lake, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sheffield Lake, OH, is $235,984.00, with the most expensive house in Sheffield Lake, OH, topping out at $5,013,398.00 and the cheapest home in Sheffield Lake, OH, clocking in at $14,965.00. In other words, there’s something for every potential homebuyer or savvy investor in Sheffield Lake, OH!

Rent Prices In Sheffield Lake, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sheffield Lake, OH, is on a rollercoaster ride. The average rent price in Sheffield Lake, OH, is $1,179.00. Indeed, when looking to rent in Sheffield Lake, OH, you can expect to pay as little as $620.00 or as much as $2,700.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Sheffield Lake, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Sheffield Lake, OH 44054 Foreclosures


Market Trend for Sheffield Lake, OH

Total Listings Available: 34

Market Values:

Home Prices from $14,965 to $5,013,398

Average Sales Price: $235,984

Rental Values:

Rental from $620 to $2,700

Average Rent Value: $1,179 / month

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2026. All Rights Reserved.