Cheap Homes in Shaker Heights, OH

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Shaker Heights, OH Foreclosures

How much do homes sell for in Shaker Heights, OH?
The average home price is currently $323,898.
In Shaker Heights, OH, how many homes are available?
There are currently 7,618 active home listings available in Shaker Heights.
What’s the average rental cost in Shaker Heights, OH?
The average rental price in Shaker Heights is $1,836.
What is the most expensive home in Shaker Heights, Ohio?
The most expensive home sold in Shaker Heights had a price of $3,500,000.
What is currently the cheapest priced home in Shaker Heights, OH?
The cheapest home for sale in Shaker Heights is priced at $15,000.

Home Value Estimator For Shaker Heights, OH

There are currently 7,618 real estate properties in Shaker Heights, OH, with a median automated valuation model (AVM) price of $279,995.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shaker Heights, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Shaker Heights, OH, is $323,898.00, with the most expensive house in Shaker Heights, OH, topping out at $3,500,000.00 and the cheapest home in Shaker Heights, OH, clocking in at $15,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Shaker Heights, OH!

Rent Prices In Shaker Heights, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shaker Heights, OH, is on a rollercoaster ride. The average rent price in Shaker Heights, OH, is $1,836.00. Indeed, when looking to rent in Shaker Heights, OH, you can expect to pay as little as $750.00 or as much as $3,280.00, with the average rent median estimated to be $1,830.00. The good news is that finding an affordable and desirable property to rent in Shaker Heights, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Shaker Heights, OH In 2024

Shaker Heights is located in Cuyahoga, Ohio, with an estimated municipal population of 27,027 residents. All of the best foreclosed homes for sale in Shaker Heights are located in the following zip code areas on 44122 44120. The estimated population per square kilometer (.62 miles) in Shaker Heights is 1,654.

Cost Of Living In Shaker Heights, OH

So, about how much do homes cost in Shaker Heights? The most recent median value of resident-owned homes in Shaker Heights is 228,223. An estimated 63.1 percent of households in Shaker Heights own their homes, with an average family size of 3.06. The median household income in Shaker Heights is 87,235, with44.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shaker Heights, the median commute time of resident workers (in minutes) is 23.4. And last, but certainly not least, are you looking for homes to rent in Shaker Heights? If so, the average rent price paid by renters in Shaker Heights is 1,026, according to recent statistics.

Diversity And Demographics In Shaker Heights, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Shaker Heights, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Shaker Heights is 40, split between 44.1 percent male versus 55.9 female. The percentage of residents who report being married in Shaker Heights is 50.3, with an average family size of 3.06.

The percentage of residents who report their race in Shaker Heights is as follows:

White 56.4%
Black / African American 35.2%
Asian 4.2%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.7%
Other 0.3%

Looking for family-friendly neighborhoods in and/or near Shaker Heights? Or maybe you are searching for 55+ active adult communities in and/or near Shaker Heights?

The percentage of residents who report their age in Shaker Heights is as follows:

Under 10 12.2%
Aged 10-19 15%
20s 9.4%
30s 13.5%
40s 11.6%
50s 13.2%
60s 12.6%
70s 7.5%
80+ 5.1%

Best Schools In Shaker Heights, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Shaker Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Shaker Heights.

Pros And Cons Of Living In Shaker Heights, Ohio

How do you know that living in -- or moving to -- Shaker Heights is right where you need to be? Perhaps you grew up in Shaker Heights or already live nearby; therefore, the decision to buy a home in Shaker Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Shaker Heights for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Shaker Heights:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Shaker Heights.

Reasons To Move To Shaker Heights, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Shaker Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Shaker Heights, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Shaker Heights, OH


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