Shelton, Connecticut Housing Market Prices
Shelton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 60% above the Connecticut median$450,000
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Median rent 25% above the Connecticut median$1,849
Housing Market Overview
| Metric | Shelton | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $281,244 | $248,835 |
| Price Trend (Annual %) | 14.0% | 3.6% | 7.5% |
| Median Gross Rent | $1,849 | $1,481 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shelton is about 60% higher than in Connecticut. Rent is about 25% higher than the Connecticut average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Shelton, up about 14.0% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Shelton rose about 63.0% between 2015 and 2024, from $1,134 to $1,849. Over the same span, rent in Connecticut rose about 36.7%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Shelton.
Buying the median-priced home in Shelton costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Shelton. The price-to-rent ratio in Connecticut is about 15.8.
| Metric | Shelton | Connecticut Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $281,244 | $248,835 |
| Median Household Income | $113,775 | $97,098 | $80,455 |
| Price-to-Income Ratio | 4.0 | 2.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shelton rose about 96.4%, while median household income rose about 33.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Shelton | Connecticut Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 62.8% | 58.5% |
| Rental Rate | 25.1% | 30.3% | 31.2% |
| Vacancy Rate | 5.3% | 6.9% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Shelton has a homeownership rate of 69.6%, higher than the Connecticut average of 62.8%. Its housing vacancy rate is 5.3%, compared with 6.9% in Connecticut.
Housing Stock
| Metric | Shelton | Connecticut Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.47 people | 2.53 people |
| Median Structure Built Year | 1976 | 1966 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in Shelton was built around 1976. On average, 2.6 people live in a home with about 6.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Shelton, Connecticut.
What is the median home price in Shelton, Connecticut?
The median home price in Shelton, Connecticut is $450,000, higher than the Connecticut average of $281,244.
What is the average home price in Shelton, Connecticut?
The typical home price in Shelton, Connecticut, reported as the median sale price, is $450,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Shelton, Connecticut?
The median gross rent in Shelton, Connecticut is $1,849 per month, higher than the Connecticut average of $1,481.
What was the median gross rent in Shelton in 2020?
In 2020, the median gross rent in Shelton, Connecticut was $1,449 per month.
What is the price-to-rent ratio in Shelton, Connecticut?
The price-to-rent ratio in Shelton, Connecticut is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Shelton.
Are home prices or rent rising faster in Shelton, Connecticut?
Both home prices and rent are rising in Shelton, up about 14.0% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shelton, Connecticut?
69.6% of households in Shelton, Connecticut own their home, higher than the Connecticut average of 62.8%.
What is the vacancy rate in Shelton, Connecticut?
The housing vacancy rate in Shelton, Connecticut is 5.3%, lower than the Connecticut average of 6.9%.
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