Shelton, WA—98584
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Shelton, WA
Home Price Trends — Shelton, WA
As of Oct '25, the median home price in Shelton, WA is $420,000, with a year-over-year change of -0.0%. This indicates that home prices in Shelton, WA are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $420,000 | -0.0% |
| Single Family | $421,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $345,000 | -2.3% |
2 Bed | $383,000 | -0.3% |
3 Bed | $442,000 | 0.5% |
4 Bed | $481,000 | 0.6% |
| 5 Bed | $550,000 | 1.3% |
% of Housing Stock
Rental Trends — Shelton, WA
As of July '25, Rentcast reports the average rent in Shelton, WA is $1,790, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Shelton, WA is studios: $1,190, 1-bedrooms: $1,390, 2-bedrooms: $1,740, 3-bedrooms: $2,210. The most common rental property sizes in Shelton, WA are 2-bedroom and 3-bedroom, accounting for 44.8% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,790 |
| Studio Rent | $1,150 | $1,190 |
| 1 Bed Rent | $1,250 | $1,390 |
| 2 Bed Rent | $1,620 | $1,740 |
| 3 Bed Rent | $2,100 | $2,210 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shelton, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shelton, WA is 75. This is a increase of 34.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 7.0% |
Listing Count | 169 | 3.0% |
| Listings as % of Homes | 0.6% | 3.0% |
Days on Market | 75 | 34.0% |
Demographics — Shelton, WA
As of the latest ACS Survey released in 2023, Shelton, WA has a population of 40,000, which has increased by 7.8% over the past 5 years. Shelton, WA is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,000 | 7.8% |
% Under 18 | 21.1% | -2.3% |
% Seniors | 21.0% | 5.5% |
% WFH | 12.1% | 168.9% |
% w/ College Degree | 21.3% | 21.0% |
As of the latest ACS Survey released in 2023, Shelton, WA is a predominantly white area, with 72.1% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Shelton, WA is hispanic, making up 14.7% of the population. Foreign-born residents account for 8.0% of the population in Shelton, WA, and this percentage has increased by 23.1% 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 | 72.1% | -7.2% |
% Black | 0.8% | -42.9% |
% Hispanic | 14.7% | 33.6% |
% Asian | 0.7% | -50.0% |
% Foreign Born | 8.0% | 23.1% |
Mortgage and Risk — Shelton, WA
According to HUD data as of 2023, there were 911 mortgage originations in Shelton, WA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Shelton, WA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 911 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Shelton, WA
Shelton, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 218 |
Total Units Section 8 | 218 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$270 | $1,250 | $980 |
| 2 Bedroom | -$340 | $1,620 | $1,280 |
| 3 Bedroom | -$310 | $2,100 | $1,790 |
| 4 Bedroom | N/A | N/A | $1,950 |
Affordability — Shelton, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $420,000 |
| Median Household Income | $73,100 |