Mortgage payment estimates, closing cost breakdowns, and homebuying data for Shelton, Connecticut.
Median Home Price
$425K
Population
41K
Avg Monthly Rent
$1,720
Property Tax Rate
2.15% *
* Property tax shown is the Connecticut state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Shelton.
Shelton vs Connecticut Median
The median home price in Shelton is $425,000, which is roughly in line with the Connecticut state median of $405,000.
Mortgage Calculator — Shelton, CT
Pre-filled with Shelton median home price and Connecticut tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $425K home using Connecticut's 2.15% tax rate and $2,100/yr insurance.
5% Down
$3,724/mo
Down: $21,250
Loan: $404K
P&I: $2,552
Tax: $761
Insurance: $175
PMI: $236
10% Down
$3,577/mo
Down: $42,500
Loan: $383K
P&I: $2,418
Tax: $761
Insurance: $175
PMI: $223
20% Down (No PMI)
$3,085/mo
Down: $85,000
Loan: $340K
P&I: $2,149
Tax: $761
Insurance: $175
Income needed (28% rule): $132K/year with 20% down, $153K/year with 10% down.
Rent vs Buy in Shelton
Rent
$1,720/mo
vs
Buy (10% down)
$3,577/mo
Price-to-rent ratio: 20.6 — At a ratio above 20, renting may be more economical in Shelton for shorter stays. Buying costs $1,857 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Shelton is $425,000, roughly in line with the Connecticut state median of $405,000. With a population of 41,382, Shelton is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Connecticut average 2.15% annually. This higher-than-average tax rate means a $425,000 home in Shelton would carry roughly $761/month in property taxes alone — plan accordingly. Homeowners insurance in Connecticut runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Shelton is $1,720/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Shelton is a higher-cost market. At $425K median, buyers need significant savings or strong income. Down payment assistance through Connecticut's CHFA Homebuyer Mortgage program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Shelton.