Market Overview
Home Prices in Shaker Heights, OH
The median home value in Shaker Heights, OH is $362,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 6.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shaker Heights are priced11% below average. Shaker Heights is part of the Cleveland-Elyria, OH metro area.
Over the past five years, Shaker Heights home values have risen by approximately36.0%, reflecting strong long-term appreciation in this market.
Price History
Shaker Heights Home Price Trend
City Comparison
Shaker Heights vs. National Median
At $362,956, homes in Shaker Heights cost 11% below the national median of $410,000. This makes Shaker Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shaker Heights?
20% Down Payment
$72,591
on $362,956
Monthly P&I
$1,893/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,404/mo
incl. taxes & insurance
Income Needed
$96,160
gross annual (30% rule)
10% Down Option
$36,296
+ PMI applies
Loan Amount (20% dn)
$290,365
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Shaker Heights, OH?
The median home value in Shaker Heights is $362,956 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Shaker Heights?
Over the past year, home values in Shaker Heights have increased by 4%. Over five years, prices have risen approximately 36.0%.
How much do I need to earn to buy a home in Shaker Heights?
To comfortably afford the median home price of $362,956 with a 20% down payment ($72,591) at today's rates (6.8%), you'd need a gross annual income of approximately $96,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Shaker Heights compare to the national average home price?
The national median home value is approximately $410,000. At $362,956, homes in Shaker Heights are 11% below the national average.
What metro area is Shaker Heights part of?
Shaker Heights is part of the Cleveland-Elyria, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.