Total monthly cost of ownership
Cost to Own a Home in Shelton, Washington
A $296,000 home here costs
$2,331per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $100,000 a year.
A standard mortgage calculator would have told you $1,614. The real number is $717 higher every month, 44% more than the payment most buyers budget for.
Compare Mason County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Shelton against Mason County and Washington
| Measure | Shelton | Mason County |
|---|---|---|
| Median home value | $296,100 | $377,400 |
| Median property tax | $2,622 | $2,833 |
| Effective tax rate | 0.886% | 0.751% |
| Median gross rent | $1,298 | $1,205 |
| Population | 10,619 | 66,968 |
The weather behind that power bill
Shelton sits in Mason County, which averages a high of 75.6°F in its hottest month and a low of 35.2°F in its coldest, with 91.96" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 123 cooling and 5,106 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Mason County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Mason County
Full Mason County cost breakdown · Every county in Washington
Talk to someone who works this market
These are Shelton averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Shelton every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Shelton I already own here and may sell
Common questions
How much does it cost to own a home in Shelton?
A $296,000 home in Shelton, Washington costs approximately $2,331 per month with 20% down at 7.24%. That is $1,614 principal and interest, $219 property tax, $44 homeowners insurance, $208 utilities and $247 set aside for maintenance.
What is the property tax rate in Shelton?
Shelton has an effective property tax rate of 0.886%, based on a median home value of $296,100 and median real estate taxes of $2,622. That is higher than the Mason County average of 0.751%.
What is the average home price in Shelton?
The median owner-occupied home value in Shelton, Washington is $296,100, against $377,400 across Mason County.
Is it cheaper to rent or buy in Shelton?
Median gross rent in Shelton is $1,298 a month, against $2,331 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Shelton?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Shelton, Washington at today's rate takes a household income of roughly $100,000 a year. That covers the full $2,331 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Shelton, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Washington.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.