Swedesboro, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Swedesboro, NJ Real Estate Data


Swedesboro Housing Market Information

With a population of 2,613, 944 total housing units (homes and apartments), and a median house value of $228,651, Swedesboro real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Swedesboro homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Swedesboro, accounting for 57.65% of the borough's housing units. Other types of housing that are prevalent in Swedesboro include row houses and other attached homes ( 26.58%), duplexes, homes converted to apartments or other small apartment buildings ( 11.95%), and a few large apartment complexes or high rise apartments ( 3.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swedesboro. Owner-occupied housing accounts for 71.11% of Swedesboro's homes, and 67.69% have either three or four bedrooms, which is average sized relative to America.

The housing in Swedesboro was primarily built before 1939 ( 35.28%), making the housing stock in Swedesboro some of the oldest overall in America, although there is a range of ages of homes in Swedesboro. The next most important housing age is between 1940-1969 ( 26.20%), followed by between 2000 and later ( 22.08%). There's also some housing in Swedesboro built between 1970-1999 ( 16.44%).

Swedesboro Home Appreciation Rates

Swedesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Swedesboro during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Swedesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Swedesboro's appreciation rate has been 3.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swedesboro were at 1.89%, which equates to an annual appreciation rate of 7.76%.

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

Average Home Values

 

Median Home Value:
$228,651

Swedesboro, NJ HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$541,001 - $811,000 0.0
$433,001 - $541,000 0.0
$324,001 - $433,000 8.8
$216,001 - $324,000 48.9
$108,001 - $216,000 26.5
$54,001 - $108,000 13.2
$0 - $54,000 2.5

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
26.7904198629736 81.7073170731707

Number Of Homes And Apartments:
944

Rent & Ownership

 

Average Market Rent:
$1,285 / per month

Homeownership Rate

Homeownership
Owners 71.11
Renters 28.89
Vacant 9.75

Housing Market Details

 

Age of Homes

AGE OF Swedesboro HOMES
2000 or Newer 22.1
1970 - 1999 16.4
1940 - 1969 26.2
1939 or Older 35.3

Types of Homes

TYPE OF Swedesboro HOMES
Single-Family 57.6
Townhomes 26.6
Small Apt. Buildings 12.0
Apt. Complexes 3.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Swedesboro HOMES
No Bedroom 3.35
1 Bedroom 5.35
2 Bedrooms 19.60
3 Bedrooms 54.11
4 Bedrooms 13.58
5 or more bedrooms 4.02

Swedesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.28% 2.47% 4 6
* 10 is highest