Housing data for Shorewood, MN
Shorewood, MN has an estimated 7,647 residents and 3,041 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Hennepin County.
6.8% of households rent.
The median gross rent is $1,607 a month.
Its population shrank measurably since 2015–2019 (−2.8%).
Figures last updated on .
- Residents
- 7,647 (±22)
- Housing units
- 3,041 (±158)
- Households that rent
- 6.8%
- Median gross rent
- $1,607
- Residents since 2015–2019
- −2.8%
What stands out in Shorewood
Median home value: $703,200 (±$42,194) in Shorewood, higher than in Hennepin County ($392,900).
Households that rent: 6.8% (±2.4 points) in Shorewood, lower than in Hennepin County (37.3%).
Median household income: $171,063 (±$27,964) in Shorewood, higher than in Hennepin County ($97,653).
Median real estate taxes: $7,414 (±$628) in Shorewood, higher than in Hennepin County ($4,480).
- Home values in Shorewood
- Renters and owners in Shorewood
- Income and affordability in Shorewood
- Property taxes in Shorewood
Housing in Shorewood at a glance
- Median rent: $1,607 median gross rent a month (Small sample: wide margin of error)
- Rent by bedrooms: $1,394 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 58.7% of renters pay 30% or more of income
- Renters and owners: 6.8% of households rent
- Income and affordability: $171,063 median household income
- Home values: $703,200 median home value
- Homeowner costs: $3,628 median monthly cost with a mortgage
- Property taxes: $7,414 median real estate taxes a year
- Types of homes: 3.6% of homes are in buildings of 5 or more units
- Bedrooms: 84.7% of homes have 3 or more bedrooms
- Age of homes: 33.7% of homes were built before 1980
- Vacancy rate: 3.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 83.0% heat with utility gas
- Commute and cars: 22.6 minutes average trip to work
- Growth: −2.8% residents since 2015–2019
- How long people stay: 15.8% moved in since 2020
- Crowding and facilities: 0.8% of homes have more than 1 person per room
Shorewood against Hennepin County, its state and the nation
| Shorewood | Hennepin County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 7,647 (±22) | 1,269,496 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 3,041 (±158) | 571,527 (±186) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 6.8% (±2.4 points) | 37.3% (±0.4 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,607 (±$1,056) | $1,487 (±$14) | $1,280 (±$7) | $1,413 |
| Median household income | $171,063 (±$27,964) | $97,653 (±$1,190) | $89,062 (±$409) | $80,734 |
| Median home value | $703,200 (±$42,194) | $392,900 (±$2,254) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $7,414 (±$628) | $4,480 (±$26) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 33.7% (±5.8 points) | 59.8% (±0.7 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 22.6 minutes (±2.5) | 21.9 minutes (±0.2) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 97.8% (±1.2 points) | 92.8% (±0.3 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 48.3 years (±2.3) | 37.6 years (±0.1) | 38.8 years (±0.1) | 38.9 years |
Shorewood covers 5.3 square miles of land, about 1,440 residents per square mile (Census Bureau Gazetteer).
How Shorewood has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 7,867 (±24) | 7,647 (±22) | −2.8% | Measurable decrease |
| Housing units | 2,942 (±135) | 3,041 (±158) | +3.4% | Not a measurable change |
| Median gross rent | $1,639 (±$269) | $1,607 (±$1,056) | −2.0% | No measurable change after inflation |
| Median home value | $485,300 (±$26,982) | $703,200 (±$42,194) | +44.9% | Up after inflation |
| Median household income | $139,956 (±$5,003) | $171,063 (±$27,964) | +22.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,613 (±$211) | $3,628 (±$249) | +38.8% | Up after inflation |
| Median real estate taxes | $6,045 (±$423) | $7,414 (±$628) | +22.6% | No measurable change after inflation |
| Households that rent | 5.5% (±2.2 points) | 6.8% (±2.4 points) | +1.3 percentage points | Not a measurable change |
| Rental vacancy rate | 6.1% (±10.3 points) | 3.8% (±6.1 points) | −2.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Hennepin County
Shorewood has no police department of its own in the FBI’s figures, so this is the figure for Hennepin County as a whole.
In 2025, the police departments that report for Hennepin County recorded 448 violent and 2,575 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Shorewood
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55331 | 31% | 19,805 | $1,217 | $737,000 | $159,450 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Shorewood
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Tonka Bay | 1.0 mi | $2,320 | $917,100 | 18.6% |
| Excelsior | 1.4 mi | $1,143 | $909,200 | 51.7% |
| Greenwood | 2.1 mi | $1,885 | $1,240,400 | 10.2% |
| Village of Minnetonka Beach | 2.6 mi | — | $2,000,000 or more | 3.3% |
| Spring Park | 2.9 mi | $1,241 | $661,600 | 75.1% |
| Mound | 3.7 mi | $1,098 | $370,800 | 25.0% |
| Chanhassen | 3.7 mi | $1,831 | $566,300 | 15.9% |
| Deephaven | 3.8 mi | — | $935,900 | 10.7% |
Places in Minnesota most like Shorewood
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Baytown Township | $1,719 | $795,100 | $188,125 | 4.5% |
| Stillwater Township | $1,250 | $695,300 | $161,563 | 5.0% |
| Dayton | $1,651 | $511,300 | $148,947 | 7.0% |
| Denmark Township | $1,844 | $637,500 | $148,269 | 4.2% |
| Faxon Township | $1,583 | $464,300 | $142,750 | 6.5% |
| Orono | $1,818 | $1,004,500 | $173,527 | 9.1% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Shorewood, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,265 | $1,427 | $1,734 | $2,264 | $2,538 |
HUD income limits for Shorewood, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $27,650 | $46,050 | $73,650 |
| 2 people | $31,600 | $52,600 | $84,200 |
| 3 people | $35,550 | $59,200 | $94,700 |
| 4 people | $39,450 | $65,750 | $105,200 |
| 5 people | $42,650 | $71,050 | $113,650 |
| 6 people | $45,800 | $76,300 | $122,050 |
| 7 people | $50,040 | $81,550 | $130,450 |
| 8 people | $55,720 | $86,800 | $138,900 |
These are the limits HUD sets for its housing programs in the Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $131,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Shorewood
Are renters in Shorewood rent-burdened?
58.7% of renting households in Shorewood pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Shorewood?
Shorewood has an estimated 203 (±75) renting households, 6.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Shorewood?
The median household income in Shorewood is $171,063 (±$27,964) a year (2020–2024 American Community Survey).
What is the average home value in Shorewood, MN?
The Census Bureau publishes the median: $703,200 (±$42,194) for owner-occupied homes in Shorewood (2020–2024 American Community Survey).
What is the average mortgage payment in Shorewood?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Shorewood, MN is $3,628 (±$249) a month, including taxes, insurance and utilities.
How much are property taxes in Shorewood?
The median real estate tax paid by homeowners in Shorewood, MN is $7,414 (±$628) a year (2020–2024 American Community Survey).
Is Shorewood growing?
In Shorewood, the number of residents went from 7,867 in 2015–2019 to 7,647 in 2020–2024 (−2.8%), a measurable decrease.
What ZIP codes are in Shorewood?
The ZIP code that covers Shorewood is 55331.
What is the median rent in ZIP code 55331?
The median gross rent in ZIP Code Tabulation Area 55331 is $1,217 (±$53) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Shorewood city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Shorewood city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Shorewood city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Shorewood city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Shorewood city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Shorewood city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Shorewood city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Shorewood city, Minnesota (place:60016, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .