Shaker Heights, OH housing market
The typical Shaker Heights home is worth about $357,000, up 2.8% in a year, 43% above the Ohio typical home. Homes typically sell in 21 days, a little above asking.
Home values, sales, trends and how Shaker Heights compares with the towns next door — updated as new data is published.
Shaker Heights at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Shaker Heights | Ohio |
|---|---|---|
| 2017 | $199,000 | $133,000 |
| 2018 | $208,000 | $141,000 |
| 2019 | $217,000 | $150,000 |
| 2020 | $219,000 | $158,000 |
| 2021 | $243,000 | $178,000 |
| 2022 | $273,000 | $195,000 |
| 2023 | $290,000 | $211,000 |
| 2024 | $310,000 | $224,000 |
| 2025 | $334,000 | $237,000 |
| 2026 | $351,000 | $245,000 |
| August 2026 | $357,000 | $249,000 |
151 new homes permitted in 2025
Builders were permitted 151 new homes in Shaker Heights in 2025: 10 single-family houses and 141 in buildings with two or more homes, worth about $45.2 million to build. That's 5.2 per 1,000 residents, faster than across Ohio (3.3). Over the past 10 years, Shaker Heights has permitted 188 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Shaker Heights gained 991 residents while 4 new homes were permitted: about 248 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Ohio: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 63 | 8 | 55 | $18.7 million |
| 2025 | 151 | 10 | 141 | $45.2 million |
| 2024 | 9 | 9 | 0 | $2.6 million |
| 2023 | 16 | 7 | 9 | $8.6 million |
| 2022 | 3 | 3 | 0 | $3 million |
| 2021 | 6 | 6 | 0 | $2 million |
| 2020 | 1 | 1 | 0 | $400,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 2 | 2 | 0 | $950,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 2 | 2 | 0 | $1 million |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $1 million |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 34 | 34 | 0 | $18.8 million |
| 2004 | 13 | 13 | 0 | $3.6 million |
| 2003 | 13 | 13 | 0 | $3.6 million |
| 2002 | 13 | 13 | 0 | $3.6 million |
| 2001 | 17 | 17 | 0 | $4.8 million |
| 2000 | 1 | 1 | 0 | $415,000 |
How Shaker Heights ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Shaker Heights and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Shaker Heights | $357K | +2.8% | $1,560 | 151 | $104,073 |
| Cleveland | $120K | −1.5% | $1,230 | 706 | $40,801 |
| Cleveland Heights | $214K | +0.7% | $1,440 | 4 | $72,826 |
| Beachwood | $505K | +5.5% | $1,840 | 12 | $106,748 |
| Highland Hills | $138K | −3.2% | $1,590 | 0 | $41,615 |
| University Heights | $288K | +2.7% | $1,490 | 10 | $96,971 |
3.4 years of income
The typical Shaker Heights home costs about 3.4 years of the town's median household income, about the same as across Ohio (3.5).
How Shaker Heights ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,560
HUD's Fair Market Rent for a two-bedroom in Shaker Heights is $1,560 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Shaker Heights pay a median of $1,168, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,130 · 4 bedrooms $2,140
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (44118, 44120, 44122; Cleveland, OH HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.