Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shorewood area can be challenging. Home prices in Shorewood are now at a median cost of $573,913, higher than the Minnesota average of $269,934.
The average cost of rent is $1,295/mo in Shorewood, primarily driven by the current value of real estate in the Shorewood area. While nearly 22.24% of residents own their homes outright in Shorewood, 2.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shorewood is $14,274 per month. Households that rent pay about 9.07% of their income on rent here. Shorewood's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Excelsior, MN: equally priced homes
- Tonka Bay, MN: higher priced homes
- Greenwood, MN: higher priced homes
- Chanhassen, MN: less expensive homes
- Minnetonka Beach, MN: higher priced homes
- Deephaven, MN: higher priced homes
- Spring Park, MN: equally priced homes
- Woodland, MN: higher priced homes
- Mound, MN: less expensive homes
- Victoria, MN: less expensive homes
Cities with Similar Populations
- Mountain Iron, MN: less expensive homes
- Abernathy, TX: less expensive homes
- Castlewood, VA: less expensive homes
- Glenwood, MD: higher priced homes
- Driggs, ID: less expensive homes
- Fogelsville, PA: less expensive homes
- Pennellville, NY: less expensive homes
- Italy, TX: less expensive homes
- El Paso, IL: less expensive homes
- Utica, KY: less expensive homes
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