Shoreview, Minnesota, offers a diverse housing landscape that caters to a wide range of residents. Understanding the current market trends, rental options, and recent developments can help prospective buyers and renters make informed decisions.
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, showing a 13.7% decrease year-over-year. The median price per square foot is $204, slightly down by 1.45% from the previous year. Active listings have slightly decreased to 91, and homes spend a median of 27 days on the market, a 35% increase compared to last year.
Rental Market Overview
For those considering renting in Shoreview, the market offers a variety of options. As of April 2026, 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. The average apartment size is 730 square feet, with studio apartments averaging $1,048 per month, one-bedroom units at $1,557, two-bedroom units at $1,916, and three-bedroom units at $2,096.
Recent Developments
Shoreview has experienced significant development activity, enhancing its appeal to residents and businesses alike. 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. Major tenants include Binks, Fairview Pharmacy Services, and PAR Systems. Additionally, the Shoreview Corporate Center has seen reinvestment in a mixed-use campus combining corporate offices and housing, further contributing to the city’s growth.
These developments, coupled with the city’s commitment to providing diverse housing options—from condominiums and townhouses to executive-style homes and senior housing—make Shoreview a dynamic and attractive place to live.