Shelton housing market

Strong buyer's marketShelton, WA metro areaData through Sep 2026
Typical home value
$447K
▲ 0.2% 1 yr
Typical rent
$1,856/mo
▲ 8.3% 1 yr
12-month forecast
+1.0%
#398 of 546 metros
Gross rent yield
5.0%
#408 of 546 · U.S. 6.3%
Days to pending
73 days
▲ +22 days 1 yr
Listings with a price cut
34%
▲ +3.3 pts 1 yr

Key takeaways

  • 1The typical home is worth $447,186, up 0.2% in a year and up 9% over five years.
  • 2Zillow forecasts home values rising 1.0% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,856/mo (+8.3% YoY), a 5.0% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,457/mo in principal and interest, $601 more than renting.
  • 5Homes go under contract in 73 days (+22 days vs last year); 34% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 24/100, #510 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $447K
$222K$295K$369K$442K2016201920222025
Typical monthly rent
Latest $1,856
$1,647$1,712$1,777$1,842202420252026

How fast homes are selling

Days to go under contract
Latest 73
1537598120182020202220242026
Share of listings with a price cut
Latest 34.2%
10.8%19.3%27.7%36.1%20182020202220242026
Homes for sale vs new listings
Latest 444
For saleNew listings
6118831544220182020202220242026
Share of homes sold above list price
Latest 29.7%
16.8%32.8%48.8%64.9%20182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Shelton compares

MeasureSheltonUnited StatesRank of 546
Home value, 1-yr change+0.2%+1.2%#434
Home value, 5-yr change+8.5%+19.7%
12-month forecast+1.0%+1.1%#398
Rent, 1-yr change+8.3%+2.7%#28
Gross rent yield5.0%6.3%#408
Price-to-rent ratio20.115.8
Mortgage P&I on typical home$2,457$2,012
Days to pending7356

Run the numbers

Other Washington metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.