Real Estate
Shelton Ranks #11 Among Top CT Communities to Own a Home
New report ranks Shelton as one of the best places for homeownership.
Shelton recently received the distinction of being ranked the eleventh best town in Connecticut for homeownership by consumer advocacy website NerdWallet.
The site analyzed 60 Connecticut communities based on affordability (median selected monthly homeowner costs, median monthly household income and costs as percent of income) and population growth (homeownership rate and 2010-12 population growth), as well as median home values. The result is an overall score, ranging from 79 (Glastonbury Center) to 30.4 (Greenwich).
In their full report, NerdWallet gave Shelton an overall score of 71 percent. Shelton has a homeownershp rate of 82.2 percent, the average monthly homeowner costs are $2,375 and the estimated median home value is $360,700.
Read the report on NerdWallet.com.
Photo: 32 Freedom Way, Shelton. Credit: Zillow
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Patch editor Aaron Boyd contributed to this article.
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