What percentage of people rent in Shorewood, MN?

Name: Renters and owners in Shorewood, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

6.8% (±2.4 points) of the occupied homes in Shorewood, MN are rented (2020–2024 American Community Survey).

That is 203 renting households against 2,772 that own their home.

In Shorewood, the share of households that rent went from 5.5% in 2015–2019 to 6.8% in 2020–2024 (+1.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 6.8% (±2.4 points)
Renting households: 203 (±75)
Median renter income: $60,536 (±$47,307)

Who rents and who owns in Shorewood

Tenure, estimate (90% margin of error)
	Shorewood	Hennepin County	Minnesota	United States
Renter-occupied share	6.8% (±2.4 points)	37.3% (±0.4 points)	27.8% (±0.2 points)	34.8%
Renting households	203 (±75)	201,230 (±2,434)	641,268 (±4,528)	45,017,354
Owning households	2,772 (±144)	338,263 (±2,240)	1,666,687 (±7,556)	84,210,142
Average renter household size	1.6 (±0.4)	2.0 (±0.0)	2.0 (±0.0)	2.3
Average owner household size	2.6 (±0.1)	2.5 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$60,536 (±$47,307)	$59,890 (±$1,200)	$51,080 (±$531)	$52,966
Median owner household income	$176,949 (±$20,794)	$130,886 (±$1,463)	$108,214 (±$476)	$100,009

In Shorewood, the renter share is lower than in Hennepin County (37.3%).

It is also lower than in Minnesota (27.8%).

It is lower than the national figure (34.8%).

In Hennepin County, Shorewood ranks 37 of 42 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 1668 of 2,628.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Shorewood has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	5.5% (±2.2 points)	6.8% (±2.4 points)	+1.3 percentage points	Not a measurable change
Median gross rent	$1,639 (±$269)	$1,607 (±$1,056)	−2.0%	No measurable change after inflation
Median household income	$139,956 (±$5,003)	$171,063 (±$27,964)	+22.2%	No measurable change after inflation

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.

Households that rent in places near Shorewood

Nearest places with a published estimate, compared with Shorewood
Place	Distance	Households that rent	Compared with this place
Shorewood	—	6.8% (±2.4 points)	—
Tonka Bay	1.0 mi	18.6% (±6.9 points)	Higher
Excelsior	1.4 mi	51.7% (±9.6 points)	Higher
Greenwood	2.1 mi	10.2% (±5.9 points)	Not measurably different
Village of Minnetonka Beach	2.6 mi	3.3% (±3.6 points)	Not measurably different
Spring Park	2.9 mi	75.1% (±7.8 points)	Higher
Mound	3.7 mi	25.0% (±6.4 points)	Higher
Chanhassen	3.7 mi	15.9% (±2.5 points)	Higher
Deephaven	3.8 mi	10.7% (±5.0 points)	Not measurably different

Nearby places with a measurably higher figure: Tonka Bay, MN (18.6%), Excelsior, MN (51.7%), Spring Park, MN (75.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Hennepin County, place by place

Rank	Place	Households that rent
30 (tie)	St. Bonifacius	10.7% (±4.1 points)
32	Greenwood	10.2% (±5.9 points)
33	Orono	9.1% (±3.5 points)
34	Independence	7.9% (±4.0 points)
35	Medina	7.8% (±5.5 points)
36	Dayton	7.0% (±3.1 points)
37	Shorewood	6.8% (±2.4 points)
38	Corcoran	4.9% (±3.1 points)
39	Woodland	3.4% (±4.0 points)
40	Village of Minnetonka Beach	3.3% (±3.6 points)
41	Minnetrista	2.2% (±1.7 points)
42	Greenfield	1.6% (±1.4 points)

Showing 12 of 42 places in Hennepin County, ranked from highest to lowest.

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

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).

Is renting growing in Shorewood?

In Shorewood, the share of households that rent went from 5.5% in 2015–2019 to 6.8% in 2020–2024 (+1.3 percentage points), not a measurable change.

How big are renting households in Shorewood?

A renting household in Shorewood has 1.6 people on average, against 2.6 in an owned home.

How much do renters earn in Shorewood?

The median renting household in Shorewood, MN has an income of $60,536 (±$47,307) a year, against $176,949 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.