Shelton, CT—06484
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shelton, CT
As of Oct '25, the median home price in Shelton, CT is $540,000, with a year-over-year change of 3.1%. This indicates that home prices in Shelton, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $540,000 | 3.1% |
| Single Family | $563,000 | 3.1% |
| Condos | $457,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $240,000 | 2.1% |
2 Bed | $417,000 | 4.2% |
3 Bed | $529,000 | 3.3% |
4 Bed | $688,000 | 3.3% |
| 5 Bed | $732,000 | 3.4% |
% of Housing Stock
Rental Trends — Shelton, CT
As of July '25, Rentcast reports the average rent in Shelton, CT is $2,480, with a year-over-year rent change of -17.3%. Per bedroom, the median rent as of July '25 in Shelton, CT is studios: $2,230, 1-bedrooms: $1,840, 2-bedrooms: $2,270, 3-bedrooms: $2,870, 4-bedrooms: $3,970. The most common rental property sizes in Shelton, CT are 1-bedroom and 2-bedroom, accounting for 33.8% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,480 |
| Studio Rent | $2,150 | $2,230 |
| 1 Bed Rent | $1,750 | $1,840 |
| 2 Bed Rent | $2,200 | $2,270 |
| 3 Bed Rent | $2,800 | $2,870 |
| 4 Bed Rent | $3,950 | $3,970 |
% of Rental Stock
Property Listings — Shelton, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelton, CT is 50. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | 2.0% |
Listing Count | 121 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 50 | 17.0% |
Demographics — Shelton, CT
As of the latest ACS Survey released in 2023, Shelton, CT has a population of 41,400, which has remained stable by 0.6% over the past 5 years. Shelton, CT is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 43.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,400 | 0.6% |
% Under 18 | 18.9% | 5.6% |
% Seniors | 20.1% | -2.4% |
% WFH | 13.8% | 273.0% |
% w/ College Degree | 43.5% | 7.9% |
As of the latest ACS Survey released in 2023, Shelton, CT is a predominantly white area, with 69.4% of the population identifying as white. The white population has shrunk by 18.4% in the last 5 years. The second most common race or ethnicity in Shelton, CT is hispanic, making up 11.9% of the population. Foreign-born residents account for 16.6% of the population in Shelton, CT, and this percentage has increased by 23.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 69.4% | -18.4% |
% Black | 6.3% | 215.0% |
% Hispanic | 11.9% | 46.9% |
% Asian | 8.7% | 107.1% |
% Foreign Born | 16.6% | 23.0% |
Mortgage and Risk — Shelton, CT
According to HUD data as of 2023, there were 717 mortgage originations in Shelton, CT, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Shelton, CT. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 717 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Shelton, CT
As of 2024, the percent of homes in Shelton, CT under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Shelton, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 236 |
Total Units Section 8 | 201 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,750 | $1,690 |
| 2 Bedroom | -$90 | $2,200 | $2,110 |
| 3 Bedroom | -$180 | $2,800 | $2,620 |
| 4 Bedroom | -$910 | $3,950 | $3,040 |
Affordability — Shelton, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $540,000 |
| Median Household Income | $115,000 |