Shorewood WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Shorewood, WI 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 13,224, 1,503 total housing units (homes and apartments), and a median house value of $382,226, Shorewood house prices are not only among the most expensive in Wisconsin, Shorewood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Shorewood, accounting for 39.83% of the village's housing units. Other types of housing that are prevalent in Shorewood include large apartment complexes or high rise apartments ( 31.33%), duplexes, homes converted to apartments or other small apartment buildings ( 24.72%), and a few row houses and other attached homes ( 3.67%).

People in Shorewood primarily live in small (one, two or no bedroom) single-family detached homes. Shorewood has a mixture of owner-occupied and renter-occupied housing.

The housing in Shorewood was primarily built before 1939 ( 54.59%), making the housing stock in Shorewood some of the oldest overall in America, although there is a range of ages of homes in Shorewood. The next most important housing age is between 1940-1969 ( 29.14%), followed by between 1970-1999 ( 13.60%). There's also some housing in Shorewood built between 2000 and later ( 2.67%).

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 2.32% during the period.

Over the last year, Shorewood appreciation rates have trailed the rest of the nation. In the last twelve months, Shorewood's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shorewood were at 0.70%, which equates to an annual appreciation rate of 2.82%.

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

Average Home Values

 

Median Home Value:
$382,226

Shorewood, WI HOME PRICES

Value Range
> $1,196,000 2.6
$897,001 - $1,196,000 3.2
$598,001 - $897,000 10.2
$478,001 - $598,000 10.0
$359,001 - $478,000 29.4
$239,001 - $359,000 26.2
$120,001 - $239,000 14.7
$60,001 - $120,000 1.0
$0 - $60,000 2.8

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
13.5299270072993 3.90143737166324

Number Of Homes And Apartments:
1,503

Shorewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
72.01% 2.68%
9
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,175 / per month

Homeownership Rate

Homeownership
Owners 49.06
Renters 50.94
Vacant 4.96

Housing Market Details

 

Age of Homes

AGE OF Shorewood HOMES
2000 or Newer 2.7
1970 - 1999 13.6
1940 - 1969 29.1
1939 or Older 54.6

Types of Homes

TYPE OF Shorewood HOMES
Single-Family 39.8
Townhomes 3.7
Small Apt. Buildings 24.7
Apt. Complexes 31.3
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Shorewood HOMES
No Bedroom 2.45
1 Bedroom 20.58
2 Bedrooms 27.15
3 Bedrooms 28.43
4 Bedrooms 15.98
5 or more bedrooms 5.41