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Shelton, CT—06484

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$563,000
4.8% YoY Growth
Household Income
$115,000
21.5% YoY Growth
Days on Market
26
20.0% Longer YoY
Home Price Forecast
2.0%
Median Rent
$2,300
17.3% YoY Growth
1-Bed Rent
$1,750
N/A
2-Bed Rent
$2,200
N/A
3-Bed Rent
$2,800
4.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Shelton, CT

As of May '26, the median home price in Shelton, CT is $563,000, with a year-over-year change of 4.8%. This indicates that home prices in Shelton, CT are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$563,0004.8%
Single Family $589,0004.4%
Condos $469,0005.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $242,000
    1.7%
    2 Bed
    		$432,0004.6%
    3 Bed
    		$552,0004.5%
    4 Bed
    		$720,0004.7%
    5 Bed $773,6335.3%
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    9.2%
    2 Bedrooms
    22.3%
    3 Bedrooms
    39.8%
    4 Bedrooms
    21.4%
    5+ Bedrooms
    5.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    9.2%
    1 Bedroom
    33.8%
    2 Bedrooms
    33.1%
    3 Bedrooms
    18.9%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    2.3%

    Property Listings — Shelton, CT

    As of May '26, Realtor.com reports that the median days on market for a home in Shelton, CT is 26. This is a increase of 20.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$650,00016.0%
    Listing Count
    		1261.0%
    Listings as % of Homes0.5%1.0%
    Days on Market
    		2620.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		41,4000.6%
    % Under 18
    		18.9%5.6%
    % Seniors
    		20.1%-2.4%
    % WFH
    		13.8%273.0%
    % w/ College Degree
    		43.5%7.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$563,000
    Median Household Income$115,000

    Shelton, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Derby, CT

    06418

    Stratford, CT

    06614

    Ansonia, CT

    06401

    Trumbull, CT

    06611

    Seymour, CT

    06483

    Frequently Asked Questions