HomeMinnesotaHennepin CountyShorewood
Shorewood, Minnesota: commercial real estate data.
Shorewood is a Census city of 7,647 people across 5.31 square miles of land, in Hennepin County. Median household income is $171,063, 93.2 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $242,400 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Shorewood
What Shorewood is
- Census place typecity
- Land area5.31 sq mi
- Water area2.84 sq mi
- Population per square mile of land1,440
- County holding the largest share of its areaHennepin County, 99.9 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shorewood
How many people live in Shorewood
- Population7,647
- Median age48.3
- Population under 182,024
- Share under 1826.5 percent
- Population 65 and over1,498
- Share 65 and over19.6 percent
- Households2,975
- Family households2,356
- Share of households that are families79.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shorewood
Income and work in Shorewood
- Median household income$171,063
- Per capita income$95,933
- Civilian labor force3,824
- Employed3,634
- Unemployed190 plus or minus 74
- Unemployment rate5.0 percent plus or minus 1.9
- Adults 25 and over5,470
- Adults 25 and over with a high school diploma or higher98.5 percent
- Adults 25 and over with a bachelor degree or higher72.1 percent
- Adults 25 and over with a graduate degree26.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shorewood
Housing in Shorewood
- Housing units3,041
- Occupied units2,975
- Vacant units66 plus or minus 61
- Vacancy rate2.2 percent plus or minus 2.0
- Owner occupied2,772
- Renter occupied203 plus or minus 75
- Ownership rate93.2 percent
- Median owner-occupied home value$703,200
- Median gross rent, monthly$1,607 plus or minus $1,056
- Annual rent as a share of median income11.3 percent plus or minus 7.6
- Single family units2,874
- Share single family94.5 percent
- Units in buildings of two or more167 plus or minus 72
- Share in buildings of two or more5.5 percent plus or minus 2.3
- Mobile homes0
- Median year structure built1987
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shorewood
How Shorewood gets to work
- Workers 16 and over who commute2,497
- Commuting under 15 minutes698 plus or minus 241
- Share commuting under 15 minutes28.0 percent plus or minus 9.2
- Commuting 30 minutes or more733 plus or minus 172
- Share commuting 30 minutes or more29.4 percent plus or minus 6.2
- Drove alone62.7 percent
- Carpooled3.5 percent plus or minus 2.0
- Public transport0.1 percent plus or minus 0.2
- Walked1.0 percent plus or minus 1.2
- Worked from home30.4 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Shorewood
SBA loans in Shorewood (7(a))
- Approvals4
- Gross approval$242,400
- Average approval$60,600
- Median approval$40,000
- Largest approval$148,400
- Jobs supported24
- Jobs per approval6.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Shorewood, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Shorewood
SBA loans in Shorewood (504)
- Approvals1
- Gross approval$301,000
- Average approval$301,000
- Median approval$301,000
- Largest approval$301,000
- Jobs supported2
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Shorewood, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Shorewood
Flood risk in Shorewood
- NFIP communityCity of Shorewood
- NFIP community number270185
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/04/16
The City of Shorewood participates in the National Flood Insurance Program as community 270185 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Hennepin County, not Shorewood
Hennepin County context, not Shorewood figures
- Establishments in Hennepin County40,486
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Housing units permitted, Hennepin County3,919
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Shorewood.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Shorewood questions, answered from the record.
How many people live in Shorewood, Minnesota?
7,647, in 2,975 households. Shorewood city covers 5.31 square miles of land, which is 1,440 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Shorewood in?
Hennepin County, which holds 99.9 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Shorewood?
$171,063. The median owner-occupied home is valued at $703,200. Median gross rent is $1,607 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Shorewood businesses?
4 7(a) approvals totaling $242,400 since FY2020, across 3 lenders, median approval $40,000, plus 1 504 approvals worth $301,000 since FY2010. These count approvals to borrowers whose address is in Shorewood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Shorewood borrowers get paid back?
No rate is published for Shorewood. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Shorewood in the National Flood Insurance Program?
Yes. Shorewood appears in the FEMA Community Status Book as Shorewood, city of, community 270185, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Shorewood figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hennepin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Shorewood.
Is zoning published for Shorewood?
No. Nothing on this page presents parcel level zoning.