HomeMinnesotaHennepin CountyShorewood city
Shorewood city, Minnesota: commercial real estate data.
Shorewood city 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.
76 sourced place values · tier FULL · 8 sections · 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$60,000
- Ninetieth percentile approval$148,400
- 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
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Shorewood
Hennepin County context, not Shorewood figures
These are Hennepin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Shorewood measurements.
- Establishments in Hennepin County40,486
- Employment at those establishments, Hennepin County939,201
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Average weekly wage, Hennepin County$1,734
- Housing units permitted, Hennepin County3,919
- Of those, single family, Hennepin County2,054
- County product, 2024, Hennepin County$193,617,316,000
- County product change over the prior year, Hennepin County5.1 percent
- Average income of an arriving household, Hennepin County$77,501
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Shorewood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $242,400, across 3 lenders, median approval $60,000, plus 1 504 approvals worth $301,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Shorewood figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.