Home Values

Shorewood Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$156,000

  • 18.7% 1-year change
  • 5.9% 1-year forecast

The median home value in Shorewood is $156,000. Shorewood home values have gone up 18.7% over the past year and Zillow predicts they will rise 5.9% within the next year. The median rent price in Shorewood is $1,195, which is higher than the Milwaukee Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Shorewood 13.9 homes are foreclosed (per 10,000). This is greater than the Milwaukee Metro value of 4.3 and also greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Shorewood is 1.8%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Shorewood homeowners underwater on their mortgage is 11.1%, which is lower than Milwaukee Metro at 22.8%.

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Relative ZHVI
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Shorewood Market Overview

Data through Apr 30, 2015
  • $156,000 ZHVI
  • 5.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No data Median sale price
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Shorewood Market Health

Data through Apr 30, 2015
  • No recent data Very healthy
  • No data Average days on Zillow
  • 11.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 1.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

13.9 homes(Dec 31, 2014) Shorewood
4.3 homes Milwaukee Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Milwaukee $92,700
Glendale $83,900
Brown Deer $52,900

Listings & Sales

  • No data
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Shorewood Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,334 Shorewood
    $1,437 Milwaukee Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,195 Rent list price (Mar 31, 2015)
  • No recent data Rent list price / sq ft
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