55331 Zip Code Detailed Profile




Cities: Shorewood, MN (40.33%), Chanhassen, MN (17.69%), Victoria, MN (12.20%), Minnetrista, MN (11.56%), Tonka Bay, MN (4.48%), Deephaven, MN (4.46%), Orono, MN (3.40%), Excelsior, MN (3.12%), Greenwood, MN (2.75%)
Counties: Hennepin County, MN (70.12%), Carver County, MN (29.88%)
Estimated zip code population in 2013: 17,387
Zip code population in 2010: 17,524
Zip code population in 2000: 17,584

Houses and condos: 7,167
Renter-occupied apartments: 1,003
% of renters here:

15%
State:

28%
Mar. 2013 cost of living index in zip code 55331: 113.7 (more than average, U.S. average is 100)

Land area: 15.0 sq. mi.
Water area: 7.1 sq. mi.
Population density: 1,162 people per square mile 
 
 (low).

Age and Sex of Residents in zip code 55331
Zip code 55331 (Shorewood, Minnesota) real estate house value trends
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Real estate property taxes paid for housing units in 2013:
This zip code:

1.1% ($4,974)
Minnesota:

1.2% ($2,148)
Median real estate property taxes paid for housing units with mortgages in 2013: $5,014 (1.1%)
Median real estate property taxes paid for housing units with no mortgage in 2013: $4,859 (1.2%)

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Males: 8,583  (49.4%)
Females: 8,804  (50.6%)

For population 25 years and over in 55331:

For population 15 years and over in 55331:

Zip code 55331 compared to state average:

  • Median household income above state average.
  • Median house value significantly above state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage significantly below state average.
  • Median age above state average.
  • Foreign-born population percentage below state average.
  • Renting percentage below state average.
  • Number of rooms per house above state average.
  • Percentage of population with a bachelor's degree or higher above state average.
  • Races in zip code 55331

  • Zip code 55331 races chart
    • 16,468White population
    • 167Black population
    • 34American Indian population
    • 245Asian population
    • 7Native Hawaiian and Other Pacific Islander population
    • 9Some other race population
    • 234Two or more races population
    • 360Hispanic or Latino population

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Based on 2000-2013 data
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Urban population: 16,675
Rural population: 711

Estimated median house/condo value in 2013: $436,400
55331:

$436,400
Minnesota:

$180,100
Median resident age:
This zip code:

45.4 years
Minnesota median age:

37.7 years
Average household size:
This zip code:

2.6 people
Minnesota:

2.5 people

Averages for the 2012 tax year for zip code 55331, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $197,776 (Individual Income Tax Returns)
Here:

$197,776
State:

$67,192

Salary/wage: $140,905 (reported on 82.1% of returns)
Here:

$140,905
State:

$55,182
(% of AGI for various income ranges: 73.3% for AGIs below $25k, 68.4% for AGIs $25k-50k, 63.6% for AGIs $50k-75k, 65.4% for AGIs $75k-100k, 71.7% for AGIs $100k-200k, 54.8% for AGIs over 200k)

Taxable interest for individuals: $4,856 (reported on 52.5% of returns)
This zip code:

$4,856
Minnesota:

$1,664
(% of AGI for various income ranges: 2.1% for AGIs below $25k, 1.5% for AGIs $25k-50k, 1.3% for AGIs $50k-75k, 1.7% for AGIs $75k-100k, 1.0% for AGIs $100k-200k, 1.3% for AGIs over 200k)

Ordinary dividends: $19,333 (reported on 44.2% of returns)
Here:

$19,333
State:

$5,665
(% of AGI for various income ranges: 5.0% for AGIs below $25k, 2.9% for AGIs $25k-50k, 2.7% for AGIs $50k-75k, 3.2% for AGIs $75k-100k, 3.2% for AGIs $100k-200k, 4.7% for AGIs over 200k)

Net capital gain/loss in AGI: +$64,677 (reported on 41.4% of returns)
Here:

+$64,677
State:

+$16,131
(% of AGI for various income ranges: 1.0% for AGIs below $25k, 0.8% for AGIs $25k-50k, 1.8% for AGIs $50k-75k, 1.7% for AGIs $75k-100k, 3.5% for AGIs $100k-200k, 17.1% for AGIs over 200k)

Profit/loss from business: +$30,907 (reported on 21.3% of returns)
Here:

+$30,907
State:

+$12,430
(% of AGI for various income ranges: 7.9% for AGIs below $25k, 7.2% for AGIs $25k-50k, 7.0% for AGIs $50k-75k, 4.0% for AGIs $75k-100k, 5.0% for AGIs $100k-200k, 2.6% for AGIs over 200k)

Taxable individual retirement arrangement distribution: $28,622 (reported on 15.9% of returns)
55331:

$28,622
Minnesota:

$15,212
(% of AGI for various income ranges: 4.4% for AGIs below $25k, 4.3% for AGIs $25k-50k, 4.9% for AGIs $50k-75k, 6.4% for AGIs $75k-100k, 4.2% for AGIs $100k-200k, 1.5% for AGIs over 200k)

Self-employment retirement plans: $23,900 (reported on 2.9% of returns)
55331:

$23,900
Minnesota:

$17,874
(% of AGI for various income ranges: 0.6% for AGIs $50k-75k, 0.4% for AGIs $100k-200k, 0.4% for AGIs over 200k)

Total itemized deductions: $53,368 (17% of AGI, reported on 58.7% of returns)
Here:

$53,368
State:

$24,665

Here:

16.7% of AGI
State:

19.6% of AGI
(% of AGI for various income ranges: 22.3% for AGIs below $25k, 17.5% for AGIs $25k-50k, 21.2% for AGIs $50k-75k, 22.9% for AGIs $75k-100k, 21.4% for AGIs $100k-200k, 14.1% for AGIs over 200k)

Charity contributions: $8,762 (reported on 53.8% of returns)
Here:

$8,762
State:

$3,948
(% of AGI for various income ranges: 1.6% for AGIs below $25k, 1.6% for AGIs $25k-50k, 2.2% for AGIs $50k-75k, 2.4% for AGIs $75k-100k, 2.3% for AGIs $100k-200k, 2.5% for AGIs over 200k)

Taxes paid: $28,167 (reported on 58.5% of returns)
55331:

$28,167
State:

$10,589
(% of AGI for various income ranges: 5.4% for AGIs below $25k, 5.5% for AGIs $25k-50k, 7.6% for AGIs $50k-75k, 9.1% for AGIs $75k-100k, 9.8% for AGIs $100k-200k, 8.2% for AGIs over 200k)

Earned income credit: $1,395 (reported on 4.8% of returns)
Here:

$1,395
State:

$2,037
(% of AGI for various income ranges: 1.6% for AGIs below $25k, 0.4% for AGIs $25k-50k)

Averages for the 2004 tax year for zip code 55331, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $148,920 (Individual Income Tax Returns)
Here:

$148,920
State:

$53,560

Salary/wage: $106,746 (reported on 82.0% of returns)
Here:

$106,746
State:

$46,177
(% of AGI for various income ranges: 69.0% for AGIs $10k-25k, 71.7% for AGIs $25k-50k, 70.0% for AGIs $50k-75k, 73.4% for AGIs $75k-100k, 55.4% for AGIs over 100k)

Taxable interest for individuals: $5,841 (reported on 61.7% of returns)
This zip code:

$5,841
Minnesota:

$1,796
(% of AGI for various income ranges: 3.4% for AGIs $10k-25k, 2.1% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 1.9% for AGIs $75k-100k, 2.4% for AGIs over 100k)

Taxable dividends: $7,672 (reported on 51.4% of returns)
Here:

$7,672
State:

$3,096
(% of AGI for various income ranges: 4.6% for AGIs $10k-25k, 2.2% for AGIs $25k-50k, 3.2% for AGIs $50k-75k, 2.5% for AGIs $75k-100k, 2.5% for AGIs over 100k)

Net capital gain/loss: +$45,239 (reported on 46.2% of returns)
Here:

+$45,239
State:

+$10,864
(% of AGI for various income ranges: 1.4% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.6% for AGIs $50k-75k, 2.3% for AGIs $75k-100k, 16.0% for AGIs over 100k)

Profit/loss from business: +$29,511 (reported on 21.6% of returns)
Here:

+$29,511
State:

+$10,442
(% of AGI for various income ranges: 7.4% for AGIs $10k-25k, 7.9% for AGIs $25k-50k, 6.4% for AGIs $50k-75k, 4.8% for AGIs $75k-100k, 4.1% for AGIs over 100k)

IRA payment deduction: $3,518 (reported on 2.9% of returns)
55331:

$3,518
Minnesota:

$2,955
(% of AGI for various income ranges: 0.3% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.2% for AGIs $75k-100k, 0.0% for AGIs over 100k)

Self-employed pension: $18,080 (reported on 3.9% of returns)
Here:

$18,080
Minnesota:

$12,099
(% of AGI for various income ranges: 0.4% for AGIs $25k-50k, 0.2% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 0.5% for AGIs over 100k)

Total itemized deductions: $42,578 (18% of AGI, reported on 61.1% of returns)
Here:

$42,578
State:

$20,035

Here:

18.2% of AGI
State:

21.3% of AGI
(% of AGI for various income ranges: 24.6% for AGIs $10k-25k, 21.7% for AGIs $25k-50k, 27.2% for AGIs $50k-75k, 25.2% for AGIs $75k-100k, 16.0% for AGIs over 100k)

Charity contributions deductions: $8,914 (4% of AGI, reported on 58.0% of returns)
Here:

$8,914
State:

$3,333

Here:

3.7% of AGI
State:

3.4% of AGI
(% of AGI for various income ranges: 2.3% for AGIs $10k-25k, 2.2% for AGIs $25k-50k, 3.3% for AGIs $50k-75k, 3.3% for AGIs $75k-100k, 3.5% for AGIs over 100k)

Total tax: $36,019 (reported on 82.8% of returns)
55331:

$36,019
State:

$8,485
(% of AGI for various income ranges: 5.3% for AGIs $10k-25k, 8.1% for AGIs $25k-50k, 8.8% for AGIs $50k-75k, 9.4% for AGIs $75k-100k, 21.9% for AGIs over 100k)

Earned income credit: $1,399 (reported on 3.8% of returns)
Here:

$1,399
State:

$1,523

Percentage of individuals using paid preparers for their 2004 taxes: 61.5%
Here:

61%
State:

59%
(% for various income ranges: 49.6% for AGIs below $10k, 53.2% for AGIs $10k-25k, 58.0% for AGIs $25k-50k, 67.1% for AGIs $50k-75k, 59.1% for AGIs $75k-100k, 71.9% for AGIs over 100k)

Estimated median household income in 2013:
This zip code:

$108,911
Minnesota:

$60,702
Shorewood, MN (55331) map Nearest zip codes: 55384, 55386, 55317, 55364, 55318, 55391.
Percentage of family households:
This zip code:

60.2%
Minnesota:

50.8%
Percentage of households with unmarried partners:
This zip code:

3.9%
Minnesota:

6.7%
Likely homosexual households (counted as self-reported same-sex unmarried-partner households)

Household received Food Stamps/SNAP in the past 12 months: 149
Household did not receive Food Stamps/SNAP in the past 12 months: 6,520


Women who had a birth in the past 12 months: 100 (91 now married, 9 unmarried)
Women who did not have a birth in the past 12 months: 3,710 (1,943 now married, 1,767 unmarried)


Housing units in zip code 55331 with a mortgage: 4,380 (247 second mortgage, 1,080 home equity loan, 34 both second mortgage and home equity loan)
Houses without a mortgage: 1,286

Median monthly owner costs for units with a mortgage: $2,565
Median monthly owner costs for units without a mortgage: S776

Residents with income below the poverty level in 2013:
This zip code:

3.3%
Whole state:

11.2%
Residents with income below 50% of the poverty level in 2013:
This zip code:

2.2%
Whole state:

6.3%
Median number of rooms in houses and condos:
Here:

8.3
State:

7.0
Median number of rooms in apartments:
Here:

4.0
State:

4.0
  • Notable locations in this zip code not listed on our city pages

  • Click to draw/clear zip code borders
  • Notable locations in zip code 55331: Minnetonka Country Club (A), Chanhassen Fire Department Station 2 (B), Excelsior Fire District Station 1 (C), Excelsior Fire District Station 2 (D). Display/hide their locations on the map

    Shopping Centers: Shorewood Village Shopping Center (1), Smithtown Crossing Shopping Center (2). Display/hide their locations on the map

    Cemeteries: Woodside Cemetery (1), Resurrection Cemetery (2), Oak Hill Cemetery (3). Display/hide their locations on the map

    Lakes: Mud Lake (A), College Lake (B), Lake Hopper (C), Lake Zumbra (D), Lake William (E), Lake Virginia (F), Tamarack Lake (G), Stone Lake (H). Display/hide their locations on the map

    Creek: Sixmile Creek (A). Display/hide its location on the map

    Parks in zip code 55331 include: Lake Minnewashta Regional Park (1), Pleasant Hill Park (2), Herman Field Park (3), Cathcart Park (4), Excelsior Commons (5), Lake Minnetonka Regional Park (6). Display/hide their locations on the map

Year house built

  • 72010 or later
  • 6032000 to 2009
  • 1,3101990 to 1999
  • 1,4881980 to 1989
  • 1,1091970 to 1979
  • 7421960 to 1969
  • 7091950 to 1959
  • 2601940 to 1949
  • 9391939 or earlier

Zip code 55331 satellite photo by USGS

Owner-occupied Renter-occupied

Bedrooms in owner-occupied houses and condos in Shorewood, MN (55331)

  • 0no bedroom
  • 961 bedroom
  • 7102 bedrooms
  • 1,9893 bedrooms
  • 2,0514 bedrooms
  • 8205+ bedrooms

Bedrooms in renter-occupied apartments in Shorewood, MN (55331)

  • 85no bedroom
  • 3631 bedroom
  • 2972 bedrooms
  • 1823 bedrooms
  • 354 bedrooms
  • 415+ bedrooms
Owner-occupied Renter-occupied

Cars and other vehicles available in Shorewood, MN (55331) in owner-occupied houses/condos

  • 67no vehicle
  • 8661 vehicle
  • 2,8802 vehicles
  • 1,3143 vehicles
  • 4394 vehicles
  • 1005+ vehicles

Cars and other vehicles available in Shorewood, MN (55331) in renter-occupied apartments

  • 69no vehicle
  • 6341 vehicle
  • 2552 vehicles
  • 233 vehicles
  • 224 vehicles
  • 05+ vehicles

Median gross rent in 2013: $821.


Median price asked for vacant for-sale houses and condos in 2013: $503,969.

Estimated median house (or condo) value in 2013 for:


Estimated median house or condo value in 2013: $436,400
55331:

$436,400
Minnesota:

$180,100
Lower value quartile - upper value quartile: $303,800 - $709,200

Owners and renters by unit type in %

Housing units in structures:


Unemployment: 3.9%

Percentage of zip code residents living and working in this county: 67.2%

Household type by relationship:

Households: 17,317

Size of family households: 2,120 2-persons, 1,199 3-persons, 1,161 4-persons, 416 5-persons, 95 6-persons, 25 7-or-more-persons

Size of nonfamily households: 1,371 1-person, 270 2-persons, 7 3-persons, 5 5-persons

3,603 married couples with children.
572 single-parent households (155 men, 417 women).

94.2% of residents of 55331 zip code speak English at home.
2.3% of residents speak Spanish at home (89% very well, 11% well).
2.7% of residents speak other Indo-European language at home (93% very well, 3% well, 5% not well).
0.8% of residents speak Asian or Pacific Island language at home (41% very well, 42% well, 9% not well, 8% not at all).

Foreign born population: 633 (3.6%)
(63.0% of them are naturalized citizens)
This zip code:

3.6%
Whole state:

7.4%

Most common places of birth for the foreign-born residents

  • 18%Russia
  • 9%Vietnam
  • 7%England
  • 7%Canada
  • 6%Korea
  • 6%Germany
  • 6%Netherlands

Most common first ancestries reported in 55331 (%)

  • 25%German
  • 14%Norwegian
  • 8%Irish
  • 7%Swedish
  • 6%Other groups
  • 6%English
  • 4%American

Year of entry for the foreign-born population

  • 82010 or later
  • 1662000 to 2009
  • 2401990 to 1999
  • 332Before 1990

Zip code 55331 topographic map

Major facilities with environmental interests located in this zip code:


Zip code 55331 marital status for males
Zip code 55331 marital status for females

Housing units lacking complete plumbing facilities: 1.2%
Housing units lacking complete kitchen facilities: 1.7%

Most commonly used house heating fuel

  • 87%Utility gas
  • 10%Electricity
  • 1%Other fuel
  • 1%Bottled, tank, or LP gas
  • 1%Fuel oil, kerosene, etc.

Population in 1990: 15,860. Population change in the 1990s: +1,724 (+10.9%).

Place of birth for U.S.-born residents:


62% of the 55331 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 54% lived in this county.
   Out of people who lived in different counties, 50% lived in Minnesota.

92% of the 55331 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 47% moved from this county.
   Out of people who lived in different houses, 31% moved from different county within same state.
   Out of people who lived in different houses, 19% moved from different state.
   Out of people who lived in different houses, 3% moved from abroad.

Year Householders Moved Into Unit

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 234
Here:

12.2%
Minnesota:

11.3%
Students in private schools in grades 9 to 12 (high school): 218
Here:

14.8%
Minnesota:

8.3%
Students in private undergraduate colleges: 200
Here:

26.9%
Minnesota:

23.1%

Educational Attainment (%)

School Enrollment by Level of School (%)

Class of Workers (%)

Occupation by median earnings in the past 12 months ($)

  • 161,328Legal occupations
  • 108,824Management occupations
  • 93,551Health diagnosing and treating practitioners and other technical occupations
  • 86,938Architecture and engineering occupations
  • 73,347Law enforcement workers including supervisors
  • 71,071Business and financial operations occupations

Companies with federal contracts located in this zip code:

Top industries in this zip code by the number of employees in 2005:


Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)

Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)

Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninstitutionalized)

People in group quarters in 2010:

  • 68 people in nursing facilities/skilled-nursing facilities
  • 4 people in group homes intended for adults

People in group quarters in 2000:

  • 76 people in nursing homes
Home Mortgage Disclosure Act Aggregated Statistics For Year 2009
(Based on 4 full and 14 partial tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED76$269,132203$365,1361,119$304,65251$226,59459$277,831
APPLICATIONS APPROVED, NOT ACCEPTED7$294,33019$278,04876$316,6904$260,5605$115,012
APPLICATIONS DENIED6$244,54715$535,996264$399,55813$98,9489$625,846
APPLICATIONS WITHDRAWN10$275,52622$353,687176$356,7902$73,51510$250,107
FILES CLOSED FOR INCOMPLETENESS1$315,0605$566,05461$335,9414$231,4282$267,380
Private Mortgage Insurance Companies Aggregated Statistics For Year 2009
(Based on 4 full and 14 partial tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
C) Non-occupant Loans on
< 5 Family Dwellings (A & B)
NumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED23$297,94011$273,7211$290,830
APPLICATIONS APPROVED, NOT ACCEPTED7$314,5168$326,0900$0
APPLICATIONS DENIED6$300,5002$226,8100$0
APPLICATIONS WITHDRAWN7$306,8164$270,3080$0
FILES CLOSED FOR INCOMPLETENESS0$00$00$0

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value

Most common first names in zip code 55331 among deceased individuals
NameCountLived (average)
John7477.2 years
Robert5673.2 years
Mary5379.0 years
William5277.5 years
George4480.5 years
Helen4381.0 years
Anna4187.4 years
Donald3272.2 years
Margaret3179.4 years
Edward2975.7 years
Most common last names in zip code 55331 among deceased individuals
Last nameCountLived (average)
Johnson5880.2 years
Anderson5477.4 years
Peterson3077.6 years
Smith2080.3 years
Miller1981.8 years
Larson1981.8 years
Nelson1779.3 years
Carlson1679.6 years
Olson1676.0 years
Swanson1286.1 years
Businesses in zip code 55331
NameCountNameCount
Caribou Coffee2Nike2
Curves1Subway1
FedEx1True Value1
H&R Block1UPS3
MasterBrand Cabinets2Walgreens1
McDonald's1

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