Shaker Heights, OH—44122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shaker Heights, OH
As of Oct '25, the median home price in Shaker Heights, OH is $361,000, with a year-over-year change of 7.2%. This indicates that home prices in Shaker Heights, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $361,000 | 7.3% |
| Single Family | $389,000 | 7.2% |
| Condos | $155,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $73,000 | 0.0% |
2 Bed | $168,000 | 5.7% |
3 Bed | $233,000 | 6.4% |
4 Bed | $461,000 | 7.2% |
| 5 Bed | $692,000 | 5.6% |
% of Housing Stock
Rental Trends — Shaker Heights, OH
As of July '25, Rentcast reports the average rent in Shaker Heights, OH is $2,270, with a year-over-year rent change of 10.2%. Per bedroom, the median rent as of July '25 in Shaker Heights, OH is studios: $1,710, 1-bedrooms: $1,210, 2-bedrooms: $2,580, 3-bedrooms: $2,280, 4-bedrooms: $3,010. The most common rental property sizes in Shaker Heights, OH are 2-bedroom and 1-bedroom, accounting for 47.5% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,270 |
| Studio Rent | $1,350 | $1,710 |
| 1 Bed Rent | $1,140 | $1,210 |
| 2 Bed Rent | $1,400 | $2,580 |
| 3 Bed Rent | $2,200 | $2,280 |
| 4 Bed Rent | $3,000 | $3,010 |
% of Rental Stock
Property Listings — Shaker Heights, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Shaker Heights, OH is 53. This is a increase of 34.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | -7.0% |
Listing Count | 124 | -5.0% |
| Listings as % of Homes | 0.4% | -5.0% |
Days on Market | 53 | 34.0% |
Demographics — Shaker Heights, OH
As of the latest ACS Survey released in 2023, Shaker Heights, OH has a population of 37,000, which has increased by 10.9% over the past 5 years. Shaker Heights, OH is a moderately popular place for families, as children make up 21.7% of the population. The area has a highly educated workforce, with 61.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,000 | 10.9% |
% Under 18 | 21.7% | -8.1% |
% Seniors | 25.9% | 11.2% |
% WFH | 16.9% | 152.2% |
% w/ College Degree | 61.9% | 5.6% |
As of the latest ACS Survey released in 2023, Shaker Heights, OH is a predominantly white area, with 56.3% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Shaker Heights, OH is black, making up 29.3% of the population. Foreign-born residents account for 11.5% of the population in Shaker Heights, OH, and this percentage has increased by 3.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.3% | 1.8% |
% Black | 29.3% | -12.0% |
% Hispanic | 3.3% | 26.9% |
% Asian | 6.1% | -4.7% |
% Foreign Born | 11.5% | 3.6% |
Mortgage and Risk — Shaker Heights, OH
According to HUD data as of 2023, there were 507 mortgage originations in Shaker Heights, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Shaker Heights, OH. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 507 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Shaker Heights, OH
As of 2024, the percent of homes in Shaker Heights, OH under the Section 8 program is 5.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Shaker Heights, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 382 |
Total Units Section 8 | 374 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $1,140 | $1,390 |
| 2 Bedroom | $290 | $1,400 | $1,690 |
| 3 Bedroom | -$30 | $2,200 | $2,170 |
| 4 Bedroom | -$670 | $3,000 | $2,330 |
Affordability — Shaker Heights, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $361,000 |
| Median Household Income | $97,500 |