Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 13,526 people, 6,681 houses or apartments, and a median cost of homes of $501,219, Shorewood real estate is some of the most expensive in Wisconsin, although Shorewood home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Shorewood, accounting for 36.88% of the village's housing units. Other types of housing that are prevalent in Shorewood include large apartment complexes or high rise apartments ( 34.07%), duplexes, homes converted to apartments or other small apartment buildings ( 24.43%), and a few row houses and other attached homes ( 4.46%).
People in Shorewood primarily live in small (one, two or no bedroom) single-family detached homes. Shorewood has a mixture of owner-occupied and renter-occupied housing.
The housing in Shorewood was primarily built before 1939 ( 53.12%), making the housing stock in Shorewood some of the oldest overall in America, although there is a range of ages of homes in Shorewood. The next most important housing age is between 1940-1969 ( 23.69%), followed by between 1970-1999 ( 14.24%). There's also some housing in Shorewood built between 2000 and later ( 8.94%).
Real estate appreciation rates in Shorewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.
Appreciation rates are so strong in Shorewood that despite a nationwide downturn in the housing market, Shorewood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shorewood appreciation rates continue to be some of the highest in America, at 11.70%, which is higher than appreciation rates in 70.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shorewood. Shorewood appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.16%.
Relative to Wisconsin, our data show that Shorewood's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.
$501,219
for Wisconsin
for nation
6,681
$1,748 / per month