Real Estate Investing in Shaker Heights, Ohio (44122)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44122 (Shaker Heights, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.4% vacancy may signal weakening demand.
What’s happening in Shaker Heights, OH (44122)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44122 Shaker Heights
The 44122 ZIP in Shaker Heights, OH is a local-operator market. Outside capital chasing a $382K entry has to pair deep knowledge with the discount.
Rent of $1,988/mo on a $382K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 44122 sits below the stated 0.0% once reality is priced in.
Within OH, ZIP 44122 trails on several market indicators that neighboring Cuyahoga County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 44122 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 44122 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Shaker Heights:
Property Strategy for 44122
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $72,574 | $1,520 | 15.1% | +11.8% | $72,574 |
| 2BR | $168,312 | $1,840 | 7.9% | +8.4% | $84,156 |
| 3BR | $233,365 | $2,370 | 7.3% | +8.5% | $77,788 |
| 4BR | $461,094 | $2,530 | 4.0% | +8.6% | $115,273 |
| 5BR | $691,553 | — | — | +8.6% | $138,311 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44122 Compare?
| Metric | 44122 | Shaker Heights | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $382,280 | $257,863 | N/A | $237,530 |
| 5-Year CAGR | 7.2% | 5.0% | N/A | 7.4% |
| Avg Rent | $1,988 | $1,574 | N/A | - |
| Cap Rate | 4.1% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44122 (Shaker Heights, OH). Anonymous, moderated, never written by AI.
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Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $382,280 |
| Monthly Rent | $1,988 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.3% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +5.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44122
Population: 36,960
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44122
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Warrensville Heights Middle School
John F Kennedy High School
Warrensville Heights Elementary School
Warrensville Heights High School
Whitney M Young
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How do home values compare in Shaker Heights, OH?
Homes in Shaker Heights, OH typically sell near $382K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
What is it like being a landlord in Shaker Heights, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Shaker Heights generally follows the statewide framework, so landlords face reasonable operating rules.
What investment strategy works best in Shaker Heights, OH?
Most investors in Shaker Heights, OH run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Does house hacking make sense in Shaker Heights, OH?
House hacking works a challenging in Shaker Heights, OH. Rents of $1,988/mo against $382K acquisition make the strategy solid for owner-occupants.
Are tenants stable in Shaker Heights, OH?
Shaker Heights, OH draws a even-keeled base of working renters. Demand at the $1,988/mo rent level is reasonable for standard single-family and small multi rentals.
You know 44122 now. You don’t know where it ranks.
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How 44122 ranks in Cleveland-Elyria, OH
Every ZIP in this metro, ranked. Free.
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