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Shaker Heights, OH Real Estate


According to census data in the year 2000 there were 12,994 housing units in Shaker Heights. This represents a 2.8% decline from 13,374 in 1990.

Of those housing units, 12,994 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Shaker Heights is about 65.1%. Shaker Heights's vacancy rate, including seasonal lodging, is about 5.9%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Shaker Heights were built after 1944.

Statistics

Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom9.80%
Two Bedrooms26.40%
Three Bedrooms21.90%
Four Bedrooms25.20%
Five Bedrooms or more15.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1940
Median Value of occupied units$201,600
Median Price asked for vacant units$229,500

Rented Homes, Apartments and Condos

Average Household Size1.83
Median year structure was built1950
Median Monthly Rent asked for vacant units$775

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.90%
Second Mortgage7.20%
Home Equity Loan17%
Simple Mortgage50.70%
Debt Free24.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%