Swedesboro, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Swedesboro Neighborhoods Since 2000




Swedesboro, NJ 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

Swedesboro Housing Market Information

With a population of 2,613, 898 total housing units (homes and apartments), and a median house value of $217,947, 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 55.79% of the borough's housing units. Other types of housing that are prevalent in Swedesboro include row houses and other attached homes ( 29.11%), duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), and a few large apartment complexes or high rise apartments ( 4.09%).

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 72.27% of Swedesboro's homes, and 65.82% have either three or four bedrooms, which is average sized relative to America.

The housing in Swedesboro was primarily built before 1939 ( 36.61%), 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 ( 23.95%), followed by between 2000 and later ( 20.93%). There's also some housing in Swedesboro built between 1970-1999 ( 18.50%).

Vacant housing appears to be an issue in Swedesboro. Fully 12.56% of the housing stock is classified as vacant. Left unchecked, vacant Swedesboro homes and apartments can be a drag on the real estate market, holding Swedesboro 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.

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 -1.66%, which is lower than 80% 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 1.02%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Swedesboro's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$217,947

Swedesboro, NJ HOME PRICES

Value Range
> $1,046,000 0.0
$784,001 - $1,046,000 0.0
$523,001 - $784,000 0.0
$418,001 - $523,000 0.0
$314,001 - $418,000 8.1
$209,001 - $314,000 47.1
$105,001 - $209,000 32.0
$52,001 - $105,000 10.3
$0 - $52,000 2.4

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
28.0909410523849 81.9105691056911

Number Of Homes And Apartments:
898

Swedesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
43.41% 2.11% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,587 / per month

Homeownership Rate

Homeownership
Owners 72.27
Renters 27.73
Vacant 12.56

Housing Market Details

 

Age of Homes

AGE OF Swedesboro HOMES
2000 or Newer 20.9
1970 - 1999 18.5
1940 - 1969 24.0
1939 or Older 36.6

Types of Homes

TYPE OF Swedesboro HOMES
Single-Family 55.8
Townhomes 29.1
Small Apt. Buildings 11.0
Apt. Complexes 4.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Swedesboro HOMES
No Bedroom 0.58
1 Bedroom 7.11
2 Bedrooms 21.71
3 Bedrooms 53.75
4 Bedrooms 12.07
5 or more bedrooms 4.77