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Shoreview

Learn about the people, housing, costs and businesses in Shoreview, Minnesota

Median Home$382,650
Median Rent$1,835/month
Population26,714
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Retail30% public administration
Home Value Growth+9.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners80% of occupied units
NotableHighly Educated35% bachelor's · 16% graduate · top 3% nationally
NotableHigh Incomes$113k/year · top 11% nationally
Shoreview
MN

Frequently Asked Questions

What are today's mortgage rates in Shoreview?

As of today, the 30-year fixed mortgage rate for Shoreview is approximately 6.905% (6.941% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Shoreview?

The median home value in Shoreview is $383k. The median monthly rent is $1,835. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shoreview?

Home values in Shoreview have increased 9.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Shoreview?

Based on a typical all-in ownership cost of $1,544/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shoreview is $113k/year.

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What industries drive the economy in Shoreview?

The largest employment sectors in Shoreview are public administration (30%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.