Swartz Creek, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Swartz Creek Neighborhoods Since 2000




Swartz Creek, MI 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

Swartz Creek Housing Market Information

With a population of 5,567, 2,325 total housing units (homes and apartments), and a median house value of $124,148, 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 63.20% of the city's housing units. Other types of housing that are prevalent in Swartz Creek include large apartment complexes or high rise apartments ( 14.39%), row houses and other attached homes ( 8.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.95%).

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 72.57% of Swartz Creek's homes, and 63.61% 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 ( 38.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.74%). There's also some housing in Swartz Creek built before 1939 ( 7.38%).

Vacant housing appears to be an issue in Swartz Creek. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Swartz Creek homes and apartments can be a drag on the real estate market, holding Swartz Creek real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Swartz Creek Home Appreciation Rates

Swartz Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Swartz Creek during the period has been just -1.58%, which is lower than 80% of US communities.

Over the last year, Swartz Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Swartz Creek's appreciation rate has been 2.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swartz Creek were at 0.16%, which equates to an annual appreciation rate of 0.64%.

Relative to Michigan, our data show that Swartz Creek's latest annual appreciation rate is lower than 80% 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:
$124,148

Swartz Creek, MI HOME PRICES

Value Range
> $1,212,000 0.0
$909,001 - $1,212,000 0.0
$606,001 - $909,000 0.0
$485,001 - $606,000 0.0
$364,001 - $485,000 0.0
$242,001 - $364,000 2.9
$121,001 - $242,000 53.4
$61,001 - $121,000 32.8
$0 - $61,000 10.9

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
63.0405484589242 55.6089743589744

Number Of Homes And Apartments:
2,325

Swartz Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
-7.23% -0.43% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 72.57
Renters 27.43
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Swartz Creek HOMES
2000 or Newer 13.7
1970 - 1999 40.6
1940 - 1969 38.2
1939 or Older 7.4

Types of Homes

TYPE OF Swartz Creek HOMES
Single-Family 63.2
Townhomes 8.2
Small Apt. Buildings 8.0
Apt. Complexes 14.4
Mobile Homes 6.2
Other 0.0

Home Size

SIZE OF Swartz Creek HOMES
No Bedroom 0.00
1 Bedroom 9.66
2 Bedrooms 23.02
3 Bedrooms 53.96
4 Bedrooms 9.66
5 or more bedrooms 3.71