Shelton, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shelton, WA 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 9,834 people, 3,307 houses or apartments, and a median cost of homes of $194,510, Shelton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Shelton, accounting for 72.00% of the city's housing units. Other types of housing that are prevalent in Shelton include large apartment complexes or high rise apartments ( 12.96%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few mobile homes or trailers ( 4.68%).

The most prevalent building size and type in Shelton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.53% owning and 49.47% renting.

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 ( 33.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.60%). There's also some housing in Shelton built before 1939 ( 16.38%).

Shelton Home Appreciation Rates

Real estate appreciation rates in Shelton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

Appreciation rates are so strong in Shelton that despite a nationwide downturn in the housing market, Shelton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shelton appreciation rates continue to be some of the highest in America, at 12.08%, which is higher than appreciation rates in 97.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shelton. Shelton appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.14%.

Relative to Washington, our data show that Shelton's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.

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:
$194,510

Shelton, WA HOME PRICES

Value Range
> $1,185,000 0.0
$889,001 - $1,185,000 0.0
$593,001 - $889,000 1.3
$474,001 - $593,000 2.4
$356,001 - $474,000 4.5
$237,001 - $356,000 15.9
$119,001 - $237,000 53.3
$60,001 - $119,000 15.8
$0 - $60,000 6.9

Low for WA
High for Nation

Value Relative to Nation Value Relative to State
33.604828313606 74.468085106383

Number Of Homes And Apartments:
3,307

Shelton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
61.78% 2.83% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,171 / per month

Homeownership Rate

Homeownership
Owners 50.53
Renters 49.47
Vacant 9.40

Housing Market Details

 

Age of Homes

AGE OF Shelton HOMES
2000 or Newer 16.6
1970 - 1999 33.8
1940 - 1969 33.3
1939 or Older 16.4

Types of Homes

TYPE OF Shelton HOMES
Single-Family 72.0
Townhomes 1.1
Small Apt. Buildings 9.0
Apt. Complexes 13.0
Mobile Homes 4.7
Other 0.3

Home Size

SIZE OF Shelton HOMES
No Bedroom 4.41
1 Bedroom 12.19
2 Bedrooms 24.66
3 Bedrooms 47.21
4 Bedrooms 8.77
5 or more bedrooms 2.77