Swan Lake, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Swan Lake Neighborhoods Since 2000




Swan Lake, NY 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

Swan Lake Housing Market Information

With a population of 3,524, 732 total housing units (homes and apartments), and a median house value of $158,234, Swan Lake real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Swan Lake, accounting for 72.16% of the town's housing units. Other types of housing that are prevalent in Swan Lake include mobile homes or trailers ( 11.49%), duplexes, homes converted to apartments or other small apartment buildings ( 10.02%), and a few large apartment complexes or high rise apartments ( 3.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swan Lake. Owner-occupied housing accounts for 66.09% of Swan Lake's homes, and 55.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Swan Lake 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 Swan Lake built between 1940-1969 ( 31.51%). A lesser amount of the housing stock also hails from before 1939 ( 21.14%). There's also some housing in Swan Lake built between 2000 and later ( 12.86%).

A decent proportion of the Swan Lake housing stock is seasonally occupied. That is, homes and condos in Swan Lake are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Swan Lake housing market speaks to its popularity as a vacation location of choice.

Swan Lake Home Appreciation Rates

Homes have actually lost value in Swan Lake over the last then years, as home values have seen a decline of 20.78% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Swan Lake home appreciation rates at -0.56%, which equates to an annual appreciation rate of -2.23%.

Over the last year, Swan Lake appreciation rates have trailed the rest of the nation. In the last twelve months, Swan Lake's appreciation rate has been -2.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swan Lake were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Swan Lake's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Swan Lake's latest annual appreciation rate is lower than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$158,234

Swan Lake, NY HOME PRICES

Value Range
> $969,000 0.3
$726,001 - $969,000 2.3
$485,001 - $726,000 2.6
$388,001 - $485,000 4.2
$291,001 - $388,000 7.3
$194,001 - $291,000 17.5
$97,001 - $194,000 39.8
$49,001 - $97,000 19.5
$0 - $49,000 6.5

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
46.478378061643 55.5555555555556

Number Of Homes And Apartments:
732

Swan Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
57.24% 2.66% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$922 / per month

Homeownership Rate

Homeownership
Owners 66.09
Renters 33.91
Vacant 51.23

Housing Market Details

 

Age of Homes

AGE OF Swan Lake HOMES
2000 or Newer 12.9
1970 - 1999 34.5
1940 - 1969 31.5
1939 or Older 21.1

Types of Homes

TYPE OF Swan Lake HOMES
Single-Family 72.2
Townhomes 2.9
Small Apt. Buildings 10.0
Apt. Complexes 3.4
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Swan Lake HOMES
No Bedroom 2.01
1 Bedroom 9.69
2 Bedrooms 27.17
3 Bedrooms 40.45
4 Bedrooms 15.44
5 or more bedrooms 5.25