Swampscott, MA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Swampscott, MA Housing Market Trends

With a population of 15,298, 5,780 total housing units (homes and apartments), and a median house value of $570,000, real estate costs in Swampscott are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Swampscott, accounting for 58.65% of the town's housing units. Other types of housing that are prevalent in Swampscott include duplexes, homes converted to apartments or other small apartment buildings ( 21.31%), large apartment complexes or high rise apartments ( 13.70%), and a few row houses and other attached homes ( 5.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swampscott. Owner-occupied housing accounts for 76.36% of Swampscott's homes, and 59.00% have either three or four bedrooms, which is average sized relative to America.

The housing in Swampscott was primarily built before 1939 ( 50.82%), making the housing stock in Swampscott some of the oldest overall in America, although there is a range of ages of homes in Swampscott. The next most important housing age is between 1940-1969 ( 21.97%), followed by between 1970-1999 ( 21.16%). There's also some housing in Swampscott built between 2000 and later ( 6.06%).

Swampscott Home Appreciation Rates

Appreciation rates for homes in Swampscott have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.02%, which ranks in the top 30% nationwide. This equates to an annual average Swampscott house appreciation rate of 4.07%.

Over the last year, Swampscott appreciation rates have trailed the rest of the nation. In the last twelve months, Swampscott's appreciation rate has been 5.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swampscott were at 2.12%, which equates to an annual appreciation rate of 8.74%.

Relative to Massachusetts, our data show that Swampscott's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$570,000

Swampscott, MA HOME PRICES

> $1,219,000
6.0%
6.0%
$914,001 - $1,219,000
8.5%
8.5%
$610,001 - $914,000
27.7%
27.7%
$488,001 - $610,000
22.0%
22.0%
$366,001 - $488,000
16.1%
16.1%
$244,001 - $366,000
12.9%
12.9%
$122,001 - $244,000
5.0%
5.0%
$61,001 - $122,000
0.9%
0.9%
$0 - $61,000
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MA

Value Relative To Nation

Number Of Homes And Apartments:
5,780

Swampscott Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
73.67% 2.66%
4
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,094 / per month

Homeownership Rate

Owners
76.4%
76.4%
Renters
23.6%
23.6%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.1%
6.1%
1970 - 1999
21.2%
21.2%
1940 - 1969
22.0%
22.0%
1939 or Older
50.8%
50.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.7%
58.7%
Townhomes
5.4%
5.4%
Small Apt. Buildings
21.3%
21.3%
Apt. Complexes
13.7%
13.7%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
8.2%
8.2%
2 Bedrooms
24.5%
24.5%
3 Bedrooms
36.0%
36.0%
4 Bedrooms
23.0%
23.0%
5 or more bedrooms
7.3%
7.3%
0.0% 100.0%
% OF HOMES