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These days, finding an affordable place to live in the Shaker Heights area can be challenging. Home prices in Shaker Heights are now at a median cost of $314,595, higher than the Ohio average of $236,816.
The average cost of rent is $1,316/mo in Shaker Heights, primarily driven by the current value of real estate in the Shaker Heights area. In Shaker Heights, 40.58% of households rent, and 42.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shaker Heights is $10,313 per month. Households that rent pay about 12.76% of their income on rent here. Shaker Heights’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- University Heights, OH: less expensive homes
- Highland Hills, OH: less expensive homes
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- South Euclid, OH: less expensive homes
- Woodmere, OH: higher priced homes
- Maple Heights, OH: less expensive homes
- East Cleveland, OH: less expensive homes
Cities with Similar Populations
- Galesburg, IL: less expensive homes
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- Hightstown, NJ: higher priced homes
- Helotes, TX: higher priced homes
- Harvey, LA: less expensive homes
- Garfield Heights, OH: less expensive homes
- Galloway, OH: less expensive homes
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