Shorewood, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Shorewood Neighborhoods Since 2000




Shorewood, MN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Shorewood Housing Market Information

With a population of 7,614, 2,748 total housing units (homes and apartments), and a median house value of $485,392, 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.

Shorewood is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Shorewood than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shorewood. Owner-occupied housing accounts for 89.28% of Shorewood's homes, and 63.79% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Shorewood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Shorewood built between 1940-1969 ( 20.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.36%). There's also some housing in Shorewood built before 1939 ( 8.40%).

Shorewood Home Appreciation Rates

Real estate appreciation rates in Shorewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Shorewood's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Shorewood's appreciation rate has been 1.44%, which annualizes to a rate of 5.89%.

Relative to Minnesota, our data show that Shorewood's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$485,392

Shorewood, MN HOME PRICES

Value Range
> $1,139,000 7.9
$854,001 - $1,139,000 8.6
$569,001 - $854,000 19.5
$456,001 - $569,000 15.9
$341,001 - $456,000 21.4
$228,001 - $341,000 22.2
$114,001 - $228,000 3.5
$57,001 - $114,000 0.3
$0 - $57,000 0.7

Very High for MN
Very High for Nation

Value Relative to Nation Value Relative to State
6.30493378647603 2.05338809034908

Number Of Homes And Apartments:
2,748

Shorewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
48.08% 2.30% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,404 / per month

Homeownership Rate

Homeownership
Owners 89.28
Renters 10.72
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Shorewood HOMES
2000 or Newer 10.4
1970 - 1999 60.8
1940 - 1969 20.4
1939 or Older 8.4

Types of Homes

TYPE OF Shorewood HOMES
Single-Family 82.4
Townhomes 11.5
Small Apt. Buildings 1.7
Apt. Complexes 4.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Shorewood HOMES
No Bedroom 1.23
1 Bedroom 2.26
2 Bedrooms 16.22
3 Bedrooms 30.14
4 Bedrooms 33.64
5 or more bedrooms 16.50