Shelton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Shelton Neighborhoods Since 2000




Shelton, CT Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Shelton Housing Market Information

With a population of 41,296, 15,392 total housing units (homes and apartments), and a median house value of $372,234, 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 66.12% of the city's housing units. Other types of housing that are prevalent in Shelton include row houses and other attached homes ( 13.61%), duplexes, homes converted to apartments or other small apartment buildings ( 10.21%), and a few large apartment complexes or high rise apartments ( 8.49%).

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 79.52% of Shelton's homes, and 62.16% 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 ( 28.36%). A lesser amount of the housing stock also hails from before 1939 ( 11.39%). There's also some housing in Shelton built between 2000 and later ( 10.54%).

Shelton Home Appreciation Rates

Homes have actually lost value in Shelton over the last then years, as home values have seen a decline of 23.74% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Shelton home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

Over the last year, Shelton appreciation rates have trailed the rest of the nation. In the last twelve months, Shelton's appreciation rate has been -2.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shelton were at -1.81%, which equates to an annual appreciation rate of -7.04%.

Notably, Shelton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Shelton's latest annual appreciation rate is lower than 80% 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:
$372,234

Shelton, CT HOME PRICES

Value Range
> $993,000 0.7
$745,001 - $993,000 2.3
$497,001 - $745,000 10.8
$397,001 - $497,000 17.2
$298,001 - $397,000 30.5
$198,001 - $298,000 25.9
$99,001 - $198,000 8.2
$49,001 - $99,000 1.2
$0 - $49,000 3.0

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
10.7758115551389 20.1183431952663

Number Of Homes And Apartments:
15,392

Shelton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.97% 1.16% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,633 / per month

Homeownership Rate

Homeownership
Owners 79.52
Renters 20.48
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Shelton HOMES
2000 or Newer 10.5
1970 - 1999 49.7
1940 - 1969 28.4
1939 or Older 11.4

Types of Homes

TYPE OF Shelton HOMES
Single-Family 66.1
Townhomes 13.6
Small Apt. Buildings 10.2
Apt. Complexes 8.5
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Shelton HOMES
No Bedroom 1.84
1 Bedroom 6.79
2 Bedrooms 25.77
3 Bedrooms 41.06
4 Bedrooms 21.10
5 or more bedrooms 3.45