Shelton, CT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Shelton, CT Housing Market Trends

With a population of 41,129, 16,185 total housing units (homes and apartments), and a median house value of $406,870, real estate costs in Shelton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.

Single-family detached homes are the single most common housing type in Shelton, accounting for 67.31% of the city's housing units. Other types of housing that are prevalent in Shelton include row houses and other attached homes ( 10.77%), duplexes, homes converted to apartments or other small apartment buildings ( 10.31%), and a few large apartment complexes or high rise apartments ( 9.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shelton. Owner-occupied housing accounts for 79.60% of Shelton's homes, and 61.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Shelton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Shelton built between 1940-1969 ( 30.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.82%). There's also some housing in Shelton built before 1939 ( 11.56%).

Shelton Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Shelton, where house values have increased just 12.98%, which is annualized rate of 1.23%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Shelton that despite a nationwide downturn in the housing market, Shelton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shelton appreciation rates continue to be some of the highest in America, at 9.04%, which is higher than appreciation rates in 84.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shelton. Shelton appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.35%.

Importantly, this makes Shelton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Connecticut, our data show that Shelton's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Shelton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Shelton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Shelton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$406,870

Shelton, CT HOME PRICES

> $1,135,000
1.1%
1.1%
$852,001 - $1,135,000
1.0%
1.0%
$568,001 - $852,000
10.8%
10.8%
$454,001 - $568,000
16.5%
16.5%
$341,001 - $454,000
37.9%
37.9%
$227,001 - $341,000
21.4%
21.4%
$114,001 - $227,000
7.8%
7.8%
$57,001 - $114,000
2.0%
2.0%
$0 - $57,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CT

Value Relative To Nation

Number Of Homes And Apartments:
16,185

Shelton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
45.46% 1.78%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,643 / per month

Homeownership Rate

Owners
79.6%
79.6%
Renters
20.4%
20.4%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.8%
12.8%
1970 - 1999
44.8%
44.8%
1940 - 1969
30.8%
30.8%
1939 or Older
11.6%
11.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.3%
67.3%
Townhomes
10.8%
10.8%
Small Apt. Buildings
10.3%
10.3%
Apt. Complexes
9.6%
9.6%
Mobile Homes
1.9%
1.9%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
6.9%
6.9%
2 Bedrooms
25.1%
25.1%
3 Bedrooms
39.5%
39.5%
4 Bedrooms
22.4%
22.4%
5 or more bedrooms
4.1%
4.1%
0.0% 100.0%
% OF HOMES