Swansea, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Swansea Neighborhoods Since 2000




Swansea, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Swansea Housing Market Information

With a population of 13,543, 5,343 total housing units (homes and apartments), and a median house value of $139,471, house prices in Swansea are solidly below the national average.

Single-family detached homes are the single most common housing type in Swansea, accounting for 68.88% of the village's housing units. Other types of housing that are prevalent in Swansea include large apartment complexes or high rise apartments ( 15.31%), mobile homes or trailers ( 7.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swansea. Owner-occupied housing accounts for 71.96% of Swansea's homes, and 60.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Swansea built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Swansea built between 2000 and later ( 33.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.53%). There's also some housing in Swansea built before 1939 ( 6.53%).

Swansea Home Appreciation Rates

Swansea's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Swansea during the period has been just -1.34%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Swansea's appreciation rate, at 4.20%, has been at or slightly above the national average. In the latest quarter, Swansea's appreciation rate has been 1.03%, which annualizes to a rate of 4.19%.

Relative to Illinois, our data show that Swansea's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$139,471

Swansea, IL HOME PRICES

Value Range
> $1,043,000 0.0
$782,001 - $1,043,000 0.0
$522,001 - $782,000 1.2
$417,001 - $522,000 3.3
$313,001 - $417,000 9.3
$208,001 - $313,000 15.3
$105,001 - $208,000 37.1
$52,001 - $105,000 20.3
$0 - $52,000 13.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
55.0041017227235 46.2025316455696

Number Of Homes And Apartments:
5,343

Swansea Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.24% 0.83% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,372 / per month

Homeownership Rate

Homeownership
Owners 71.96
Renters 28.04
Vacant 6.95

Housing Market Details

 

Age of Homes

AGE OF Swansea HOMES
2000 or Newer 33.1
1970 - 1999 34.8
1940 - 1969 25.5
1939 or Older 6.5

Types of Homes

TYPE OF Swansea HOMES
Single-Family 68.9
Townhomes 2.4
Small Apt. Buildings 6.0
Apt. Complexes 15.3
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Swansea HOMES
No Bedroom 3.33
1 Bedroom 5.26
2 Bedrooms 27.22
3 Bedrooms 41.88
4 Bedrooms 18.53
5 or more bedrooms 3.78