Shaker Heights

Cleveland, OH

Neighborhood Market Analysis

Q3 2025 Report
$342,500 (June 2025)
Median Home Price
68 (Walk Score: Somewhat walkable; higher near Van Aken District)
Walkability Score
Public schools are highly rated, known for academic rigor and diversity.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Cleveland city limits to the west, Beachwood to the east, University Heights to the south, and Cleveland Heights to the north. Major roads include Shaker Blvd, Van Aken Blvd, and Warrensville Center Rd.

Zip Codes

4412044122

Market Data Summary

Price Range$89,900 (2 bed condo) to $550,000+ (4 bed single family)
Price per Sq Ft$134 (June 2025)
Inventory LevelsLow inventory; listings up slightly YoY but still below demand.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCondosTownhomesDuplexes

Architectural Styles

Tudor RevivalColonial RevivalGeorgianCraftsmanMid-century modern

Property Details

Typical Lot Sizes0.15 to 0.5 acres for single-family homes; smaller for condos/townhomes.
Home Age RangeBuilt 1910s–1960s, with some newer infill and renovations.
Construction QualityGenerally high; historic homes with solid construction, many updated for modern living.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, highly educated, mix of families, professionals, and retirees. 60% owner-occupied, 40% renters.

Community Vibe

Urban-suburban mix; tree-lined streets, historic charm, active neighborhood associations.

Typical Residents

  • Families
  • Young professionals
  • Retirees
  • Academics

Family Friendly

Very family-friendly; strong schools, parks, and community events.

Amenities & Lifestyle

Parks & Recreation

  • Shaker Lakes Parklands
  • Horseshoe Lake Park
  • Southerly Park

Dining Options

  • Fire Food & Drink
  • Sasa Matsu
  • Nature’s Oasis
  • Mitchell’s Ice Cream

Shopping Centers

  • Van Aken District
  • Shaker Square

Local Businesses

  • Van Aken District shops
  • Heinen’s Grocery
  • Shaker Square businesses

Education & Schools

Public schools are highly rated, known for academic rigor and diversity.
Overall School Rating

Elementary Schools

  • Boulevard Elementary
  • Fernway Elementary
  • Lomond Elementary

Middle Schools

  • Shaker Heights Middle School

High Schools

  • Shaker Heights High School

Private Schools

  • Laurel School
  • University School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • Greater Cleveland RTA Blue and Green light rail lines (Shaker Blvd, Van Aken Blvd)
  • Bus routes

Major Roads

  • Shaker Blvd
  • Van Aken Blvd
  • Warrensville Center Rd

Commute & Walkability

Commute Times20–30 minutes to downtown Cleveland by car or train.
WalkabilityGood in commercial nodes; moderate in residential areas.
ParkingGenerally good; ample street and driveway parking, some congestion near commercial hubs.

Marketing Intelligence

Target Buyer Types

  • Families
  • Young professionals
  • Medical/academic staff
  • Investors

Key Selling Points

  • Top-rated schools
  • Historic architecture
  • Walkability to shopping/dining
  • Access to parks and transit

Pricing Considerations

Price competitively for condition and updates; staged, updated homes command premium.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports, highlight recent renovations, and offer home warranties.

Objection: Property taxes are higher than some suburbs.

Response Strategy:

Emphasize school quality, city services, and long-term value.

Objection: Limited new construction options.

Response Strategy:

Showcase renovated homes and potential for custom updates in existing properties.

Investment Insights

Investment Potential

Appreciation Potential

Strong; 12.3% YoY price growth, historic stability, and ongoing demand.

Rental Demand

High; 40% renters, strong demand from professionals and students.

Buyer Competition

High; multiple offers common, especially for updated homes.

Best For

  • Families seeking top schools
  • Move-up buyers
  • Investors targeting stable rental income

Potential Concerns

  • Older homes may require maintenance
  • Higher property taxes
  • Limited new construction

Professional Recommendations

1

Educate buyers on historic home maintenance and renovation incentives.

2

Leverage school and community data in marketing.

3

Network with local businesses and schools for referrals.

4

Stage homes to highlight flexible spaces and outdoor amenities.

5

Monitor Van Aken District developments for new opportunities.

Competitive Analysis

Comparable Markets

  • Cleveland Heights
  • University Heights
  • Beachwood

Market Positioning

Premium, family-oriented, historic suburb with urban amenities.

Competitive Advantages

  • Top schools
  • Historic homes
  • Transit access
  • Vibrant commercial districts

Price Comparison

Priced above Cleveland average, similar to Beachwood, below some west side suburbs.

Investment Metrics

4.5%–5.5% for multifamily; lower for single-family rentals.
Cap Rates
5%–6% gross yields typical for updated units.
Rental Yields
~21–25 (reflects premium for ownership, strong rental demand).
Price-to-Rent
Positive for well-managed multifamily; single-family may be break-even or modestly positive.
Cash Flow
Continued above-average appreciation expected due to demand and limited supply.
Appreciation

Buyer Journey Insights

First-Time Buyers

May face competition and higher prices; focus on condos/townhomes or smaller homes.

Move-Up Buyers

Strong selection of larger historic homes; opportunity to buy before further appreciation.

Downsizers

Condos and townhomes near Van Aken District offer low-maintenance living.

Investors

High rental demand, especially for updated multifamily or single-family homes near transit.

Relocators

Appealing for those seeking schools, transit, and community amenities.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities