Shaker Heights, OH is a city with an impressive housing market. The median value of houses in the area is $284,500, significantly lower than the median value for the entire US at $338,100. Despite the lower values, the appreciation rate of housing in Shaker Heights is 8.35%, which is higher than the national average of 8.27%. This indicates that Shaker Heights has a strong and healthy housing market with properties appreciating faster than most other cities across America.
The median home cost in Shaker Heights (zip 44122) is $284,500. Home appreciation the last 10 years has been 79.6%. Home Appreciation in Shaker Heights (zip 44122) is up 12.6%.
Average Age of Homes
- The median age of Shaker Heights (zip 44122) real estate is 60 years old
The Rental Market in Shaker Heights (zip 44122)
- Renters make up 31.2% of the Shaker Heights (zip 44122) population
- 3.8% of houses and apartments in Shaker Heights (zip 44122), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.