Establishing road shelter forests is a key method to reduce traffic noise pollution. However, the characteristics of various types of road shelter forests and their effectiveness in reducing traffic noise remain extensively unexplored. This study focused on five types of pure road shelter forests (PFs) and one type of mixed coniferous broad-leaved forest (MCBLF). By conducting field noise monitoring and spectrum simulations, we analyzed average mass density, additional noise reduction and economic benefits. With a forest belt width of 60 m, the MCBLF reduced additional noise by 6.6 dB(A). Additionally, Forest height, crown shape, average mass density and noise frequency were all positively linked to noise reduction. The width of shelter forests was the main factor affecting noise reduction. Linear regression analysis results showed that cumulative mass surface density was a significant factor in noise reduction (p < 0.01, R2 = 0.93). Furthermore, the type and composition of the shelter forest had indirect effects on noise reduction. The MCBLF had better noise-reducing effects compared to both broad-leaved PFs and needle-leaved PFs due to its more complex structure. Interestingly, as the forest belt became wider, the noise reduction benefits per unit area decreased, implying that a 10 m wide forest belt offered higher economic returns. Considering that a 10 m wide shelter forest belt did not meet noise reduction requirements. This study suggested that the 20 m wide MCBLF was an optimal choice as an urban road shelter forest, providing both effective noise reduction and maximized economic benefits. Our findings provide a basis for the construction and sustainable development of road shelter forests with noise reduction functions.