Zip 55331 (Shorewood, MN) Housing

The housing market in 55331 Shorewood, MN is considered to be a competitive and affluent area. The median value of housing in the area is $744,200, significantly higher than the US House median value of $338,100. Despite this difference, the growth rate in housing appreciation over the past year was relatively similar to that of the United States, at 8.27% versus 6.82%. This suggests that while the average cost of living in 55331 Shorewood is high compared to other areas of the country, it also offers stability when it comes to home values.

The median home cost in Shorewood (zip 55331) is $744,200. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Shorewood (zip 55331) is up 11.0%.

Average Age of Homes

- The median age of Shorewood (zip 55331) real estate is 37 years old

The Rental Market in Shorewood (zip 55331)

- Renters make up 15.5% of the Shorewood (zip 55331) population
- 0.4% of houses and apartments in Shorewood (zip 55331), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Shorewood, Minnesota	United States
	8,116.0	139,647,020.0
	39	42
	$744,200	$338,100
	11.0%	16.6%
	45.3%	57.0%
	89.8%	101.1%
	$11.34	$10.98
	$6,750	$2,690
	78.8%	57.4%
	9.0%	11.2%
	12.1%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	1.2%	0.4%
	4.2%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.6%	11.3%
	0.6%	13.0%
	6.3%	20.1%
	13.6%	13.6%
	17.4%	8.3%
	29.4%	9.7%
	13.5%	3.9%
	9.9%	2.2%
	2.0%	0.8%
	6.3%	1.1%
Housing Units by Year Structure Built
	3.3%	0.2%
	10.3%	13.6%
	10.3%	13.6%
	14.0%	13.6%
	19.5%	13.2%
	11.0%	14.8%
	14.0%	13.6%
	10.5%	10.0%
	3.2%	4.7%
	13.9%	12.2%

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