Shorewood, MN 55331 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shorewood, MN—55331

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$825,000

3.0% YoY Growth

Household Income

$160,000

32.3% YoY Growth

Days on Market

48.0% Longer YoY

Home Price Forecast

-1.4%

Median Rent

$2,840

2.3% YoY Growth

1-Bed Rent

$1,060

13.6% YoY Growth

2-Bed Rent

$2,500

28.4% YoY Growth

3-Bed Rent

$2,840

17.6% YoY Growth

Home Price Trends — Shorewood, MN

As of May '26, the median home price in Shorewood, MN is $825,000, with a year-over-year change of 3.0%. This indicates that home prices in Shorewood, MN are increasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$825,000	3.0%
Single Family	$828,000	3.4%
Condos	$720,000	-2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Shorewood, MN

As of July '25, Rentcast reports the average rent in Shorewood, MN is $3,930, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Shorewood, MN is studios: $1,300, 1-bedrooms: $1,330, 2-bedrooms: $3,840, 3-bedrooms: $4,270, 4-bedrooms: $6,560. The most common rental property sizes in Shorewood, MN are 1-bedroom and 2-bedroom, accounting for 46.6% and 24.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,840	$3,930
Studio Rent	$999	$1,300
1 Bed Rent	$1,060	$1,330
2 Bed Rent	$2,500	$3,840
3 Bed Rent	$2,840	$4,270
4 Bed Rent	$6,000	$6,560

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% of Rental Stock

Studio

4.0%

1 Bedroom

46.6%

2 Bedrooms

24.0%

3 Bedrooms

20.3%

4 Bedrooms

4.3%

5+ Bedrooms

0.7%

Property Listings — Shorewood, MN

As of May '26, Realtor.com reports that the median days on market for a home in Shorewood, MN is 57. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,700,000	39.0%
Listing Count	177	2.0%
Listings as % of Homes	0.7%	2.0%
Days on Market	57	48.0%

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Demographics — Shorewood, MN

As of the latest ACS Survey released in 2023, Shorewood, MN has a population of 19,300, which has increased by 4.4% over the past 5 years. Shorewood, MN is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 71.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,300	4.4%
% Under 18	22.9%	-4.6%
% Seniors	17.7%	6.6%
% WFH	32.9%	257.6%
% w/ College Degree	71.1%	12.5%

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As of the latest ACS Survey released in 2023, Shorewood, MN is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Shorewood, MN is hispanic, making up 3.3% of the population. Foreign-born residents account for 4.6% of the population in Shorewood, MN, and this percentage has decreased by 23.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	91.0%	-1.3%
% Black	0.6%	20.0%
% Hispanic	3.3%	-25.0%
% Asian	1.4%	-6.7%
% Foreign Born	4.6%	-23.3%

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Mortgage and Risk — Shorewood, MN

According to HUD data as of 2023, there were 317 mortgage originations in Shorewood, MN, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Shorewood, MN. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	317
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Shorewood, MN

As of 2024, the percent of homes in Shorewood, MN under the Section 8 program is 7.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Shorewood, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	71
Total Units Section 8	71
% Rentals under Section 8	7.5%
% Occupied Section 8	79.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$180	$1,060	$1,240
2 Bedroom	-$990	$2,500	$1,510
3 Bedroom	-$830	$2,840	$2,010
4 Bedroom	-$3,750	$6,000	$2,250

Shorewood, MN—55331

Key Metrics at a Glance

Home Price Trends — Shorewood, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shorewood, MN

% of Rental Stock

Property Listings — Shorewood, MN

Demographics — Shorewood, MN

Race and Ethnicity

Mortgage and Risk — Shorewood, MN

Mortgages

Rentals and Section 8 — Shorewood, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Shorewood, MN

Home Price to Income Ratio

Shorewood, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Park, MN

Victoria, MN

Chanhassen, MN

Mound, MN

Woodland, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.8
Median Home Price	$825,000
Median Household Income	$160,000

Shorewood, MN—55331

Key Metrics at a Glance

Home Price Trends — Shorewood, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shorewood, MN

% of Rental Stock

Property Listings — Shorewood, MN

Demographics — Shorewood, MN

Race and Ethnicity

Mortgage and Risk — Shorewood, MN

Mortgages

Rentals and Section 8 — Shorewood, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Shorewood, MN

Home Price to Income Ratio

Shorewood, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Spring Park, MN

Victoria, MN

Chanhassen, MN

Mound, MN

Woodland, MN

Frequently Asked Questions

What is the average home price in Shorewood, MN 55331?

How have home prices in Shorewood, MN 55331 changed over the past year?

What is the home price projection for Shorewood, MN 55331?

What are the demographics of Shorewood, MN 55331?

How long does it take homes to sell in Shorewood, MN 55331?

What is the average rent price in Shorewood, MN 55331?