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These days, finding an affordable place to live in the Sheffield area can be challenging. Home prices in Sheffield are now at a median cost of $439,028, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,925/mo in Sheffield, primarily driven by the current value of real estate in the Sheffield area. In Sheffield, 22.70% of households rent, and 22.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheffield is $8,494 per month. Households that rent pay about 22.67% of their income on rent here. Sheffield’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ashley Falls, MA: less expensive homes
- Mill River, MA: higher priced homes
- South Egremont, MA: higher priced homes
- Berkshire Heights, MA: higher priced homes
- Mount Washington, MA: higher priced homes
- Canaan, CT: less expensive homes
- Southfield, MA: higher priced homes
- Hartsville, MA: higher priced homes
- Taconic, CT: higher priced homes
- Great Barrington, MA: higher priced homes
Cities with Similar Populations
- Shady Spring, WV: less expensive homes
- Liberty, IL: less expensive homes
- Lopez, WA: higher priced homes
- Marlborough, NH: less expensive homes
- Meansville, GA: less expensive homes
- Melfa, VA: less expensive homes
- Menlo, GA: less expensive homes
- Mulberry, IN: less expensive homes
- Newport, VA: less expensive homes
- Newton Lower Falls, MA: higher priced homes
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