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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Swan Lake HOMES|
|2000 or Newer||12.9|
|1970 - 1999||34.5|
|1940 - 1969||31.5|
|1939 or Older||21.1|
|TYPE OF Swan Lake HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Swan Lake HOMES|
|5 or more bedrooms||5.25|