Swansea, 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

Swansea, MA Housing Market Trends

With a population of 16,834, 6,361 total housing units (homes and apartments), and a median house value of $364,329, Swansea real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Swansea, accounting for 90.05% of the town's housing units. Other types of housing that are prevalent in Swansea include duplexes, homes converted to apartments or other small apartment buildings ( 6.12%), large apartment complexes or high rise apartments ( 2.38%), and a few mobile homes or trailers ( 1.01%).

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 87.19% of Swansea's homes, and 68.10% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Swansea's housing was primarily built during this period, from the '40s through the '60s. A full 34.29% of the town's housing hails from this era. Other housing ages represented in Swansea include homes built between 1970-1999 ( 33.95%) and housing constructed before 1939 ( 18.32%). There's also some housing in Swansea built between 2000 and later ( 13.44%).

Swansea Home Appreciation Rates

Appreciation rates for homes in Swansea have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 32.70%, which ranks in the top 50% nationwide. This equates to an annual average Swansea house appreciation rate of 2.87%.

Appreciation rates are so strong in Swansea that despite a nationwide downturn in the housing market, Swansea real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Swansea appreciation rates continue to be some of the highest in America, at 6.40%, which is higher than appreciation rates in 71.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Swansea. Swansea appreciation rates in the latest quarter were at 2.56%, which equates to an annual appreciation rate of 10.65%.

Relative to Massachusetts, our data show that Swansea's latest annual appreciation rate is higher than 80% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$364,329

Swansea, MA HOME PRICES

> $1,195,000
0.3%
0.3%
$896,001 - $1,195,000
1.4%
1.4%
$597,001 - $896,000
8.2%
8.2%
$478,001 - $597,000
11.5%
11.5%
$358,001 - $478,000
23.0%
23.0%
$239,001 - $358,000
44.1%
44.1%
$120,001 - $239,000
10.9%
10.9%
$60,001 - $120,000
0.0%
0.0%
$0 - $60,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,361

Swansea 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
90.11% 3.11%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,385 / per month

Homeownership Rate

Owners
87.2%
87.2%
Renters
12.8%
12.8%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.4%
13.4%
1970 - 1999
33.9%
33.9%
1940 - 1969
34.3%
34.3%
1939 or Older
18.3%
18.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
90.0%
90.0%
Townhomes
0.4%
0.4%
Small Apt. Buildings
6.1%
6.1%
Apt. Complexes
2.4%
2.4%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
5.9%
5.9%
2 Bedrooms
23.0%
23.0%
3 Bedrooms
51.7%
51.7%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES