Shelton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Shelton Housing Market Information

With 41,334 people, 15,803 houses or apartments, and a median cost of homes of $371,791, 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 66.94% of the city's housing units. Other types of housing that are prevalent in Shelton include row houses and other attached homes ( 13.51%), duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), and a few large apartment complexes or high rise apartments ( 8.47%).

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 80.30% of Shelton's homes, and 63.31% 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 ( 30.19%). A lesser amount of the housing stock also hails from before 1939 ( 11.54%). There's also some housing in Shelton built between 2000 and later ( 10.77%).

Shelton Home Appreciation Rates

Homes have actually lost value in Shelton over the last then years, as home values have seen a decline of 17.66% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Shelton home appreciation rates at 0.98%, which equates to an annual appreciation rate of 3.96%.

NeighborhoodScout's data show that during the latest twelve months, Shelton's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Shelton's appreciation rate has been 0.98%, which annualizes to a rate of 3.96%.

Relative to Connecticut, our data show that Shelton's latest annual appreciation rate is higher 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:
$371,791

Shelton, CT HOME PRICES

Value Range
> $1,056,000 0.8
$792,001 - $1,056,000 1.2
$528,001 - $792,000 10.5
$422,001 - $528,000 15.1
$317,001 - $422,000 33.8
$211,001 - $317,000 26.9
$105,001 - $211,000 7.7
$53,001 - $105,000 1.2
$0 - $53,000 2.7

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
11.8304747409706 23.0769230769231

Number Of Homes And Apartments:
15,803

Shelton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
29.67%
1.45%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,738 / per month

Homeownership Rate

Homeownership
Owners 80.30
Renters 19.70
Vacant 7.26

Housing Market Details

 

Age of Homes

AGE OF Shelton HOMES
2000 or Newer 10.8
1970 - 1999 47.5
1940 - 1969 30.2
1939 or Older 11.5

Types of Homes

TYPE OF Shelton HOMES
Single-Family 66.9
Townhomes 13.5
Small Apt. Buildings 9.4
Apt. Complexes 8.5
Mobile Homes 1.6
Other 0.1

Home Size

SIZE OF Shelton HOMES
No Bedroom 1.69
1 Bedroom 6.38
2 Bedrooms 25.09
3 Bedrooms 41.76
4 Bedrooms 21.55
5 or more bedrooms 3.53