Shoreview, Minnesota, offers a diverse housing landscape that caters to a wide range of residents. From single-family homes to modern apartments, the city provides options for various lifestyles and budgets.
Current Housing Market Trends
As of April 2026, the average home value in Shoreview stands at $416,576, reflecting a 1.8% increase over the past year. Homes typically go pending in around 17 days, indicating a competitive market. The median listing price is $400,000, with a median sold price of $367,000, marking a 13.7% decrease year-over-year. The median price per square foot is $204, and homes spend a median of 27 days on the market.
Rental Market Overview
For renters, Shoreview presents a range of options. The average rent is $1,557 per month, which is 5% lower than the national average. Rent prices have increased by 2.4% over the past year. Studio apartments average $1,048 per month, one-bedroom units $1,557, two-bedroom units $1,916, and three-bedroom units $2,096.
Recent Developments
The city has experienced significant development activity. The Seven Lakes redevelopment of the former Deluxe corporate campus has added nearly 450,000 square feet of med-tech, high-tech, and manufacturing space, bringing over 1,000 jobs to the area. Additionally, the Shoreview Corporate Center continues to evolve into a mixed-use campus combining corporate offices and housing.
Shoreview’s housing market is dynamic, offering opportunities for both buyers and renters. Staying informed about market trends and developments is essential for making well-informed decisions in this evolving landscape.