Shorewood Forest, IN
Population 3,030 · Indiana
About Shorewood Forest, IN
Shorewood Forest is a small town located in Indiana with a population of 3,030 residents according to the latest US Census Bureau American Community Survey data. The median household income is $151,382 per year, which is 101% above the national median of $75,149. The median age of 50.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Shorewood Forest features a median home value of $449,400, which is 84% above the national median of $244,900. This places Shorewood Forest in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 1,070 total housing units, 100% are owner-occupied (1,017 units) and 0% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shorewood Forest shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shorewood Forest have an average one-way commute time of 35.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
47.8% of Shorewood Forest residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 10.4% White, 0.5% Hispanic or Latino, 3.3% Black or African American, and 0.0% Asian residents, with 6.1% of the population being foreign-born.
How Shorewood Forest Ranks in Indiana
Cost of Living in Shorewood Forest, IN
Compared to national averages, Shorewood Forest has a median household income of $151,382 (101% above the national median of $75,149). Home values average $449,400, which is 84% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Shorewood Forest's income is 118% above the state average of $69,330, and home values are 175% above the state median of $163,409.
Why Live in Shorewood Forest, IN?
Shorewood Forest offers a strong local economy with a median household income of $151,382, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a well-educated community where 47.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 8.3%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $449,400. However, Shorewood Forest’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shorewood Forest has a population of 3,030 with a median age of 50.4 years. Compare Shorewood Forest with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Shorewood Forest
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Palestine | 3,027 | $93,170 | $320,300 | Compare |
| Brownstown | 3,020 | $62,222 | $138,100 | Compare |
| Albany | 2,984 | $56,356 | $103,600 | Compare |
| Covington | 3,112 | $54,962 | $162,100 | Compare |
| Delphi | 2,913 | $43,548 | $120,400 | Compare |
| Heritage Lake | 2,913 | $81,495 | $237,300 | Compare |
| Corydon | 3,165 | $57,002 | $162,300 | Compare |
| Grissom AFB | 2,882 | $52,829 | $84,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Shorewood Forest With Other Cities
Frequently Asked Questions about Shorewood Forest
What is the population of Shorewood Forest, IN?
The population of Shorewood Forest, IN is 3,030 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Shorewood Forest?
The median household income in Shorewood Forest, IN is $151,382 per year, which is 101% above the national median of $75,149.
What is the median home value in Shorewood Forest?
The median home value in Shorewood Forest, IN is $449,400, which is 84% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shorewood Forest?
The median monthly rent in Shorewood Forest, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Shorewood Forest?
The unemployment rate in Shorewood Forest, IN is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shorewood Forest, IN a good place to live?
Shorewood Forest offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,030 and a median age of 50.4, the city appeals to established professionals and retirees.
How educated is Shorewood Forest, IN?
47.8% of residents in Shorewood Forest aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Shorewood Forest?
Key cost-of-living indicators for Shorewood Forest, IN: median home value is $449,400 (84% above national), median rent is $0/month, and median household income is $151,382. The home-value-to-income ratio is 3.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shorewood Forest?
The poverty rate in Shorewood Forest, IN is 8.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shorewood Forest, IN?
Shorewood Forest's population is 10.4% White, 0.5% Hispanic or Latino, 3.3% Black or African American, 0.0% Asian, and 0.9% two or more races. 6.1% of residents are foreign-born.