Disclosed is a ferritic stainless steel sheet for a water heater, which shows excellent corrosion resistance at a welded part and has an excellent steel sheet toughness. Specifically disclosed is a ferritic stainless steel sheet for a water heater, which comprises the following components (by mass): C: 0.020% or less, Si: 0.30-1.00%, Mn: 1.00% or less, P: 0.040% or less, S: 0.010% or less, Cr: 20.0-28.0%, Ni: 0.6% or less, Al: 0.03-0.15%, N: 0.020% or less, O: 0.0020-0.0150%, Mo: 0.3-1.5%, Nb: 0.25-0.60%, and Ti: 0.05% or less, with the remainder being Fe and unavoidable impurities, and which satisfies the requirements expressed by the following formulae (1) and (2). 25 <= Cr+3.3Mo <= 30 (1) 0.35 <= Si+Al <= 0.85 (2), wherein 'Cr', 'Mo', 'Si' and 'Al' represent the contents (expressed by mass%) of Cr, Mo, Si and Al, respectively.