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Shorewood Forest

Learn about the people, housing, costs and businesses in Shorewood Forest, Indiana

Median Home$426,900
Population3,026
Leading IndustriesRetail · Arts, Food & Hospitality · Wholesale Trade24% retail
Home Value Growth+7.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners99% of occupied units
NotableHigh Incomes$138k/year · top 5% nationally
Shorewood Forest
IN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Shorewood Forest?

As of today, the 30-year fixed mortgage rate for Shorewood Forest is approximately 6.847% (6.881% 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 Shorewood Forest?

The median home value in Shorewood Forest is $427k. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Shorewood Forest?

Home values in Shorewood Forest have increased 7.0% 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 Shorewood Forest?

Based on a typical all-in ownership cost of $1,728/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Shorewood Forest is $138k/year.

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What industries drive the economy in Shorewood Forest?

The largest employment sectors in Shorewood Forest are retail (24%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.