Shaker Heights Real Estate & Homes for Sale in Ohio
About Shaker Heights, Ohio
Shaker Heights is located in Cuyahoga County in the northeastern corner of Ohio. More than 29,000 residents enjoy plentiful outdoor recreation, excellent schools and a strong economy. Thornton Park and nearby Shaker Lakes and Parklands offer ice-skating, swimming and hiking. In addition to enjoying Shaker Heights? four lakes, locals enjoy visiting nearby Lake Erie, one of the Great Lakes. (more)
Shaker Heights residents place a high value on education and the arts. Eight public schools and four private schools serve the educational needs of children, emphasizing honors courses and co-curricular activities. Additionally, more than half of residents have bachelor?s degrees or higher. The local economy is thriving. Medical, financial and technical companies provide plenty of job opportunities. The world headquarters of multi-billion dollar company Office Max, Inc. is located in Shaker Heights and employs about 600 people. The local climate is moderate with four distinct, beautiful seasons. Shaker Heights experiences cold winters, brief springs, warm summers and pleasant, colorful autumns.
Two light rail lines offer a convenient way to travel from Shaker Heights to downtown Cleveland ? just eight miles away ? and to Cleveland Hopkins International Airport. Sports fans can attend professional games of Cleveland teams such as the Indians, Browns and Cavaliers. The Shaker Heights real estate market is diverse. Condominiums, townhouses, and lovely single-family homes can be found at prices to suit any lifestyle or budget. A thriving economy, a perfect balance between small-town and city life and proximity to Cleveland continue to draw residents, visitors and businesses to Shaker Heights.
Shaker Heights, Ohio Real Estate
The real estate market of Shaker Heights mainly consists of single-family detached homes. A few townhouses and condominiums are available, as are some large estate properties. Three- or four-bedroom single-family detached homes are available from well below $100,000, with prices ranging to the mid-$300,000s. (more)
These homes are typically of the Colonial or Tudor style and have basements and two-car garages. Some of these houses feature scenic hill or mountain views or golf course frontage. Prices for two-bedroom condominiums and townhouses range from approximately $60,000 to $200,000 and more depending upon square footage. Prices for luxury executive homes and estate properties with at least five bedrooms and located on lots of about one acre can exceed $600,000. A very limited amount of land is available for custom building.
Shaker Heights Real Estate Stats and Trends for the week of April 18th, 2020: homes priced around $85,986 compared to $112,098 the previous week, showing a decrease of less than -30%. For Saturday, April 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.