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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Swartz Creek, MI 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Swartz Creek, MI Housing Market Trends

With a population of 2,919, 2,716 total housing units (homes and apartments), and a median house value of $204,412, house prices in Swartz Creek are solidly below the national average.

Single-family detached homes are the single most common housing type in Swartz Creek, accounting for 61.54% of the city's housing units. Other types of housing that are prevalent in Swartz Creek include row houses and other attached homes ( 14.05%), large apartment complexes or high rise apartments ( 11.97%), and a few mobile homes or trailers ( 8.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swartz Creek. Owner-occupied housing accounts for 71.15% of Swartz Creek's homes, and 60.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Swartz Creek 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 Swartz Creek built between 1940-1969 ( 39.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.23%). There's also some housing in Swartz Creek built before 1939 ( 8.08%).

Swartz Creek Home Appreciation Rates

Appreciation rates for homes in Swartz Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.33%, which ranks in the top 30% nationwide. This equates to an annual average Swartz Creek house appreciation rate of 7.30%.

NeighborhoodScout's data show that during the latest twelve months, Swartz Creek's appreciation rate, at 6.43%, has been at or slightly above the national average. In the latest quarter, Swartz Creek's appreciation rate has been 1.49%, which annualizes to a rate of 6.10%.

Relative to Michigan, our data show that Swartz Creek's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Swartz Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Swartz Creek - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Swartz Creek real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$204,412

Swartz Creek, MI Home Prices
> $1,281,000
$961,001 - $1,281,000
$640,001 - $961,000
$512,001 - $640,000
$384,001 - $512,000
$256,001 - $384,000
$128,001 - $256,000
$64,001 - $128,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
25.8%
25.8%
52.9%
52.9%
9.4%
9.4%
11.9%
11.9%
0% 100.0%
% of Homes
Low

for Michigan

Low

for nation

Number of Homes And Apartments:

2,716

Swartz Creek Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,421 / per month

Homeownership Rate

Owners
Renters
71.1%
71.1%
28.9%
28.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.2%
13.2%
39.4%
39.4%
39.2%
39.2%
8.1%
8.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.5%
61.5%
14.0%
14.0%
4.4%
4.4%
12.0%
12.0%
8.1%
8.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.8%
8.8%
27.4%
27.4%
50.7%
50.7%
9.7%
9.7%
3.4%
3.4%
0% 100.0%
% of Homes