Swampscott, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Swampscott Neighborhoods Since 2000




Swampscott, MA 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

Swampscott Housing Market Information

With 14,477 people, 5,477 houses or apartments, and a median cost of homes of $513,308, 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 63.87% 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 ( 17.11%), large apartment complexes or high rise apartments ( 13.69%), and a few row houses and other attached homes ( 5.12%).

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 76.01% of Swampscott's homes, and 57.49% have either three or four bedrooms, which is average sized relative to America.

The housing in Swampscott was primarily built before 1939 ( 48.82%), 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 ( 27.09%), followed by between 1970-1999 ( 21.55%). There's also some housing in Swampscott built between 2000 and later ( 2.53%).

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 2.32%, which ranks in the top 50% nationwide. This equates to an annual average Swampscott house appreciation rate of 0.23%.

NeighborhoodScout's data show that during the latest twelve months, Swampscott's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Swampscott's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Swampscott's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$513,308

Swampscott, MA HOME PRICES

Value Range
> $1,163,000 5.4
$872,001 - $1,163,000 7.3
$582,001 - $872,000 19.4
$465,001 - $582,000 24.7
$349,001 - $465,000 18.4
$233,001 - $349,000 17.1
$116,001 - $233,000 5.2
$58,001 - $116,000 0.7
$0 - $58,000 1.9

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
5.6252197351459 21.7948717948718

Number Of Homes And Apartments:
5,477

Swampscott Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
36.73% 1.83% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,953 / per month

Homeownership Rate

Homeownership
Owners 76.01
Renters 23.99
Vacant 2.37

Housing Market Details

 

Age of Homes

AGE OF Swampscott HOMES
2000 or Newer 2.5
1970 - 1999 21.6
1940 - 1969 27.1
1939 or Older 48.8

Types of Homes

TYPE OF Swampscott HOMES
Single-Family 63.9
Townhomes 5.1
Small Apt. Buildings 17.1
Apt. Complexes 13.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Swampscott HOMES
No Bedroom 0.50
1 Bedroom 9.11
2 Bedrooms 25.26
3 Bedrooms 39.16
4 Bedrooms 18.32
5 or more bedrooms 7.65