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These days, finding an affordable place to live in the Shelton area can be challenging. Home prices in Shelton are now at a median cost of $441,792, higher than the Connecticut average of $418,901.
The average cost of rent is $1,802/mo in Shelton, primarily driven by the current value of real estate in the Shelton area. In Shelton, 23.51% of households rent, and 36.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shelton is $9,794 per month. Households that rent pay about 18.40% of their income on rent here. Shelton’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Derby, CT: less expensive homes
- Ansonia, CT: less expensive homes
- Trumbull, CT: higher priced homes
- Orange, CT: higher priced homes
- Monroe, CT: higher priced homes
- Seymour, CT: less expensive homes
- Woodbridge, CT: higher priced homes
- Milford, CT: equally priced homes
- Stratford, CT: less expensive homes
- Cedarhurst, CT: higher priced homes
Cities with Similar Populations
- Tupelo, MS: less expensive homes
- Monroe, GA: less expensive homes
- Plymouth, MI: equally priced homes
- Perrysburg, OH: less expensive homes
- Parkersburg, WV: less expensive homes
- Paducah, KY: less expensive homes
- Orange, TX: less expensive homes
- Oak Harbor, WA: higher priced homes
- Northbrook, IL: higher priced homes
- Nicholasville, KY: less expensive homes
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