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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Shorewood, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Shorewood, MN Housing Market Trends

With a population of 7,624, 0 total housing units (homes and apartments), and a median house value of $902,967, Shorewood house prices are not only among the most expensive in Minnesota, Shorewood real estate also is some of the most expensive in all of America.

Mobile homes or trailers are the single most common housing type in Shorewood, accounting for 0.00% of the city's housing units.

Shorewood Home Appreciation Rates

Shorewood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shorewood during the period has been just 5.62%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Shorewood's appreciation rate, at 5.65%, has been at or slightly above the national average. In the latest quarter, Shorewood's appreciation rate has been 2.27%, which annualizes to a rate of 9.37%.

Relative to Minnesota, our data show that Shorewood's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$902,967

Shorewood Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,574 / per month

Homeownership Rate

Owners
Renters
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Shorewood

Zip Codes in Shorewood, MN