Buckeye-Shaker, Shaker Heights, OH—44120
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buckeye-Shaker, Shaker Heights, OH
As of Oct '25, the median home price in Buckeye-Shaker, Shaker Heights, OH is $125,000, with a year-over-year change of 2.0%. This indicates that home prices in Buckeye-Shaker, Shaker Heights, OH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $125,000 | 2.0% |
| Single Family | $127,000 | 0.8% |
| Condos | $115,000 | 5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $65,000 | 12.1% |
2 Bed | $85,000 | 1.2% |
3 Bed | $107,000 | 2.9% |
4 Bed | $180,000 | 3.4% |
| 5 Bed | $452,000 | 4.9% |
% of Housing Stock
Rental Trends — Buckeye-Shaker, Shaker Heights, OH
As of July '25, Rentcast reports the average rent in Buckeye-Shaker, Shaker Heights, OH is $1,230, with a year-over-year rent change of 4.2%. Per bedroom, the median rent as of July '25 in Buckeye-Shaker, Shaker Heights, OH is studios: $1,020, 1-bedrooms: $1,030, 2-bedrooms: $1,150, 3-bedrooms: $1,430, 4-bedrooms: $1,720. The most common rental property sizes in Buckeye-Shaker, Shaker Heights, OH are 2-bedroom and 1-bedroom, accounting for 41.7% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,230 |
| Studio Rent | $1,200 | $1,020 |
| 1 Bed Rent | $950 | $1,030 |
| 2 Bed Rent | $1,050 | $1,150 |
| 3 Bed Rent | $1,300 | $1,430 |
| 4 Bed Rent | $1,600 | $1,720 |
% of Rental Stock
Property Listings — Buckeye-Shaker, Shaker Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Buckeye-Shaker, Shaker Heights, OH is 52. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $162,000 | -26.0% |
Listing Count | 141 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 52 | 8.0% |
Demographics — Buckeye-Shaker, Shaker Heights, OH
As of the latest ACS Survey released in 2023, Buckeye-Shaker, Shaker Heights, OH has a population of 34,300, which has remained stable by -0.0% over the past 5 years. Buckeye-Shaker, Shaker Heights, OH is a moderately popular place for families, as children make up 19.5% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,300 | 0.0% |
% Under 18 | 19.5% | -11.0% |
% Seniors | 22.3% | 17.4% |
% WFH | 14.6% | 217.4% |
% w/ College Degree | 37.4% | 10.0% |
As of the latest ACS Survey released in 2023, Buckeye-Shaker, Shaker Heights, OH is a predominantly black area, with 68.3% of the population identifying as black. The black population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Buckeye-Shaker, Shaker Heights, OH is white, making up 21.4% of the population. Foreign-born residents account for 5.4% of the population in Buckeye-Shaker, Shaker Heights, OH, and this percentage has decreased by 10.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 21.4% | -2.7% |
% Black | 68.3% | -3.4% |
% Hispanic | 2.9% | 70.6% |
% Asian | 2.2% | -38.9% |
% Foreign Born | 5.4% | -10.0% |
Mortgage and Risk — Buckeye-Shaker, Shaker Heights, OH
According to HUD data as of 2023, there were 400 mortgage originations in Buckeye-Shaker, Shaker Heights, OH, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Buckeye-Shaker, Shaker Heights, OH. Investor activity is low, as 11.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 400 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 11.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Buckeye-Shaker, Shaker Heights, OH
As of 2024, the percent of homes in Buckeye-Shaker, Shaker Heights, OH under the Section 8 program is 18.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Buckeye-Shaker, Shaker Heights, OH, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,843 |
Total Units Section 8 | 1,712 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $950 | $940 |
| 2 Bedroom | $90 | $1,050 | $1,140 |
| 3 Bedroom | $170 | $1,300 | $1,470 |
| 4 Bedroom | -$30 | $1,600 | $1,570 |
Affordability — Buckeye-Shaker, Shaker Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $125,000 |
| Median Household Income | $46,300 |