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 Type | 1.50% |
| One Bedroom | 9.80% |
| Two Bedrooms | 26.40% |
| Three Bedrooms | 21.90% |
| Four Bedrooms | 25.20% |
| Five Bedrooms or more | 15.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $201,600 |
| Median Price asked for vacant units | $229,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.83 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $775 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 17% |
| Simple Mortgage | 50.70% |
| Debt Free | 24.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
