Shoreview, MN—55126
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shoreview, MN
As of Oct '25, the median home price in Shoreview, MN is $402,000, with a year-over-year change of 1.3%. This indicates that home prices in Shoreview, MN are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $402,000 | 1.3% |
| Single Family | $414,000 | 1.0% |
| Condos | $175,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $128,000 | -1.5% |
2 Bed | $277,000 | -0.4% |
3 Bed | $390,000 | 1.3% |
4 Bed | $486,000 | 0.8% |
| 5 Bed | $623,000 | 0.5% |
% of Housing Stock
Rental Trends — Shoreview, MN
As of July '25, Rentcast reports the average rent in Shoreview, MN is $1,970, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Shoreview, MN is studios: $1,290, 1-bedrooms: $1,420, 2-bedrooms: $2,070, 3-bedrooms: $2,380, 4-bedrooms: $2,560. The most common rental property sizes in Shoreview, MN are 2-bedroom and 1-bedroom, accounting for 50.4% and 33.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $1,970 |
| Studio Rent | $1,420 | $1,290 |
| 1 Bed Rent | $1,450 | $1,420 |
| 2 Bed Rent | $2,000 | $2,070 |
| 3 Bed Rent | $2,280 | $2,380 |
| 4 Bed Rent | $2,750 | $2,560 |
% of Rental Stock
Property Listings — Shoreview, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Shoreview, MN is 35. This is a increase of 24.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 2.0% |
Listing Count | 82 | -16.0% |
| Listings as % of Homes | 0.3% | -16.0% |
Days on Market | 35 | 24.0% |
Demographics — Shoreview, MN
As of the latest ACS Survey released in 2023, Shoreview, MN has a population of 27,500, which has increased by 2.8% over the past 5 years. Shoreview, MN is a moderately popular place for families, as children make up 22.8% of the population. The area has a highly educated workforce, with 63.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | 2.8% |
% Under 18 | 22.8% | 7.5% |
% Seniors | 21.7% | 16.7% |
% WFH | 18.6% | 195.2% |
% w/ College Degree | 63.1% | 10.5% |
As of the latest ACS Survey released in 2023, Shoreview, MN is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Shoreview, MN is asian, making up 10.0% of the population. Foreign-born residents account for 10.2% of the population in Shoreview, MN, and this percentage has decreased by 6.4% 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 | 76.5% | -7.2% |
% Black | 4.4% | 144.4% |
% Hispanic | 4.7% | 46.9% |
% Asian | 10.0% | 2.0% |
% Foreign Born | 10.2% | -6.4% |
Mortgage and Risk — Shoreview, MN
According to HUD data as of 2023, there were 490 mortgage originations in Shoreview, MN, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Shoreview, MN. Investor activity is low, as 2.0% 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 | 490 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Shoreview, MN
As of 2024, the percent of homes in Shoreview, MN under the Section 8 program is 4.6%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shoreview, MN, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,450 | $1,450 |
| 2 Bedroom | -$230 | $2,000 | $1,770 |
| 3 Bedroom | $80 | $2,280 | $2,360 |
| 4 Bedroom | -$110 | $2,750 | $2,640 |
Affordability — Shoreview, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $402,000 |
| Median Household Income | $109,000 |