Shorewood Homes & Real Estate

SHOREWOOD REAL ESTATE

Shorewood, Minnesota 

Shorewood is a medium-sized community, population-wise, in Hennepin County, Minnesota. It is a fairly young community having been incorporated only in 1956. It is primarily a residential area but its boundaries house several businesses that cater to Shorewood residents. 

Shorewood used to be part of the Excelsior Township. It became a statutory city only in 1974. The Islands of Shady, Enchanted and Spray are part of Shorewood and they all receive the basic services provided by the city to its people including educational and postal services. 

Population profile 

Based on the 2000 Census, the city of Shorewood consists of 7,400 people and 2,529 households. A great majority of its population is White (97.82%) and the rest is a mixture of Asians, African Americans, Native Americans and Hispanics of Latinos. 

The average income for a household in Shorewood is relatively high at $96,589; the same goes for the $104,100 average income of each family. Only 1.3% of the total number of families in Shorewood lives below the poverty line. 

The city has a total workforce of 3,762 (aged 16 and over) and only 37 of them go to work using public transportation. Majority or 3,418 got to work using their own cars, van or motorcycle. At least 276 of this workforce work at home. 

History 

The original inhabitants of the area are Native American tribes. Like most cities in Minnesota, it shares a part of the Big Waters or Lake Minnetonka. Thus, its economy and way of life is somehow influenced by the Lake. 

Shorewood has its share of tourists driven by the desire to see Lake Minnetonka so expect a trickle of small inns to cater to the tourists in the area. 

Education 

If you are considering the possibility of corporate relocation or employment relocation in Shorewood then the area’s educational institutions will surely be of interest to you. A large part of Shorewood belongs to Minnetonka School District #276. The district’s elementary school has a population of 6,673 students. Another portion of the city belongs to the Westonka School District #277 so you can also choose to enroll your student here. 

Of the 4,688 people in Shorewood who are 25 years and older, 603 or 12.9% are high school graduates, 1,179 or 25.1% completed college or an associate degree, 1,898 or 40.5% have a Bachelor’s Degree and 859 or 18.3% have a Master’s or Doctor’s Degree. 

A total of 2,242 who are three years old and over are enrolled in school and 74.9% or 1,679 are enrolled from Grades 1 to 12. A total of 15.3% or 344 are in Pre-school and Kindergarten while 9.8% or 219 are in College. 

Politics 

While the City mayor (who has a two-year term) and the four Councilors (with a four-year term) set the overall policy of the city, it is the City Administrator, with the support of the City Staff, who has the responsibility of administering the city’s day to day operations. 

Shorewood citizens have a chance to contribute to the city’s activities and development through the various City Boards and Commissions. 

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New Listings

Featured picture for the property 5254241
$689,900
Excelsior, MN
5
beds
4
baths
Listing courtesy of Minnesota
Featured picture for the property 5253444
$899,900
Minnetrista, MN
5
beds
3
baths
Listing courtesy of Minnesota
Featured picture for the property 5211317
$465,000
Shorewood, MN
3
beds
3
baths
Listing courtesy of Minnesota
Featured picture for the property 5250455
$1,495,000
Shorewood, MN
3
beds
3
baths
Listing courtesy of Minnesota
Featured picture for the property 5252498
$1,100,000
Tonka Bay, MN
2
beds
2
baths
Listing courtesy of Minnesota
Minnesota
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Today's Market Trends for Shorewood Homes & Real Estate *

$1,075,650

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$268

0.03%

203

0.18%

May

April

 

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* All data pertains to single-family homes