The typical owner-occupied home in Shelton is worth about $452,600, 23% above the Connecticut median of $366,900 and 36% above the national median of $332,700. Owners pay a median $5,409 a year in property taxes, about 1.20% of their home's value, lower than the Connecticut rate of 1.81%. The median household earns $108,185 a year, so the median home costs 4.2 times the median income (3.8 times for Connecticut). 76% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Shelton at a glance
| Shelton | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $452,600 | $366,900 | $332,700 |
| Median property tax paid per year | $5,409 | $6,643 | $3,119 |
| Property tax as a share of value | 1.20% | 1.81% | 0.94% |
| Median household income | $108,185 | $95,781 | $80,734 |
| Homes lived in by their owners | 76% | 66% | 65% |
| Owner homes with a mortgage | 62% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,531 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 21.8% | 21.0% |
| Median rent | $1,741 | $1,488 | $1,413 |
| Rent as a share of renters' income | 32.5% | 31.4% | 30.6% |
| Median year homes were built | 1977 | 1967 | 1980 |
| Vacant homes | 4.9% | 7.0% | 10.1% |
| Population | 41,889 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Shelton
At this week's average 30-year rate of 7.11%, buying the median Shelton home of $452,600 with 20% down costs about $3,077 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,831, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $131,868 for the 20%-down payment. That payment is 34% of the median Shelton household income of $108,185; at that income and 20% down, the 28% guideline points to a home of about $371,000.
The median rent here is $1,741 a month, so owning the median home costs about $1,336 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,520 |
|---|---|
| Loan amount | $362,080 |
| Principal and interest | $2,436 |
| Property taxes (1.20% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| PMI | $0 |
| Total per month | $3,077 |
Change the numbers in the calculator
| Down payment | $15,841 |
|---|---|
| Loan amount | $444,402 |
| Principal and interest | $2,990 |
| Property taxes (1.20% a year) | $453 |
| Homeowners insurance (our estimate, 0.5% a year) | $189 |
| FHA mortgage insurance | $200 |
| Total per month | $3,831 |
Change the numbers in the calculator
Questions about home buying in Shelton
What is the median home value in Shelton?
About $452,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shelton?
Homeowners pay a median $5,409 a year, which is about 1.20% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Shelton?
For the median home with 20% down at 7.11%, the payment is about $3,077 a month. Keeping that under 28% of gross income takes about $131,868 a year.
More about Shelton
- Mortgage Refinance in Shelton
- Debt Relief in Shelton
- Home Equity Loans in Shelton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data