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ZipNumbers

Minnesota · Census place 60016

Shorewood city, MN

Quick answer

Shorewood city has 7,679 residents, ranking #122 of 914 places in Minnesota. Median household income is $172,325, the median home is worth $684,500 and median gross rent runs $2,099 a month.

Population
7,679Shorewood city residents
Median household income
$172,325Past 12 months, inflation adjusted
Median home value
$684,500Owner-occupied units
Median gross rent
$2,099Rent plus utilities, monthly
Median age
48 yrsAll residents
Homeownership rate
94%Owner-occupied households

What the numbers mean in Shorewood city

Housing cost measured against local earnings.

A household earning the Shorewood city median would spend about 14.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.2% of residents and 94% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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