Home prices
The median home in Shorewood costs $485,300. In comparison to nearby areas this is approximately $156,160 (24%) lower.Compared to the rest of the country it is about $267,800 (123%) higher, and in comparison to the city of Minneapolis it is roughly $233,700 (92%) higher.
Rents
In Shorewood the median rent is $1,639 per month. Compared to nearby areas this is roughly $177 (12%) higher.It is about $577 (54%) higher compared to the United States as a whole, and it is roughly $612 (59%) higher compared to the city of Minneapolis.
Nearby places
Tonka Bay
Tonka Bay is Shorewood's neighbor to the north. The housing prices there are a bit more expensive. Tonka Bay's median home value is $661,400, which is $176,100 (26%) higher than Shorewood. Rent there is pretty similar. Tonka Bay's median monthly rent is $1,667, which is $28 (1%) higher than Shorewood.
Excelsior
Excelsior is Shorewood's neighbor to the east. Real estate prices there are a little more expensive. The median home in Excelsior costs $617,100, which comes out to $131,800 (21%) higher than Shorewood. Rent there is significantly less expensive. Excelsior's median monthly rent is $949, which works out to $690 (72%) lower than Shorewood.
Greenwood
Greenwood is Shorewood's neighbor to the east. Its real estate prices are a lot more expensive. The median home in Greenwood costs $933,100, which works out to $447,800 (47%) higher than Shorewood. Rents there are a bit less expensive. The median monthly rent in Greenwood is $1,400, which works out to $239 (17%) lower than Shorewood.
Deephaven
Deephaven is Shorewood's neighbor to the northeast. Its real estate prices are somewhat more expensive. The median home in Deephaven is valued at $570,700, which comes out to $85,400 (14%) higher than Shorewood. Rent there is somewhat more expensive. Deephaven's median rent is $2,219 a month, which comes out to $580 (26%) higher than Shorewood.
Spring Park
Spring Park is roughly 2 miles northwest of Shorewood. Its real estate prices are somewhat less expensive. The median home cost in Spring Park is $425,000, which works out to $60,300 (14%) lower than Shorewood. Rent there is significantly less expensive. Spring Park's median rent is $1,075 per month, which comes out to $564 (52%) lower than Shorewood.
