Swarthmore, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Swarthmore Neighborhoods Since 2000




Swarthmore, PA 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

Swarthmore Housing Market Information

With 6,211 people, 1,898 houses or apartments, and a median cost of homes of $436,172, Swarthmore house prices are not only among the most expensive in Pennsylvania, Swarthmore real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Swarthmore, accounting for 62.90% of the borough's housing units. Other types of housing that are prevalent in Swarthmore include large apartment complexes or high rise apartments ( 21.76%), duplexes, homes converted to apartments or other small apartment buildings ( 8.30%), and a few row houses and other attached homes ( 6.12%).

The most prevalent building size and type in Swarthmore are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 57.80% owning and 42.20% renting.

The housing in Swarthmore was primarily built before 1939 ( 51.11%), making the housing stock in Swarthmore some of the oldest overall in America, although there is a range of ages of homes in Swarthmore. The next most important housing age is between 1940-1969 ( 35.93%), followed by between 1970-1999 ( 11.59%). There's also some housing in Swarthmore built between 2000 and later ( 1.37%).

Swarthmore Home Appreciation Rates

Real estate appreciation rates in Swarthmore's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

Over the last year, Swarthmore appreciation rates have trailed the rest of the nation. In the last twelve months, Swarthmore's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swarthmore were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Pennsylvania, our data show that Swarthmore's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$436,172

Swarthmore, PA HOME PRICES

Value Range
> $1,038,000 0.0
$779,001 - $1,038,000 8.9
$520,001 - $779,000 23.8
$416,001 - $520,000 19.0
$312,001 - $416,000 19.4
$208,001 - $312,000 12.7
$104,001 - $208,000 9.0
$52,001 - $104,000 6.5
$0 - $52,000 0.7

Very High for PA
Very High for Nation

Value Relative to Nation Value Relative to State
7.8401500058596 1.93236714975845

Number Of Homes And Apartments:
1,898

Swarthmore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
50.75% 2.41% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,274 / per month

Homeownership Rate

Homeownership
Owners 57.80
Renters 42.20
Vacant 3.95

Housing Market Details

 

Age of Homes

AGE OF Swarthmore HOMES
2000 or Newer 1.4
1970 - 1999 11.6
1940 - 1969 35.9
1939 or Older 51.1

Types of Homes

TYPE OF Swarthmore HOMES
Single-Family 62.9
Townhomes 6.1
Small Apt. Buildings 8.3
Apt. Complexes 21.8
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Swarthmore HOMES
No Bedroom 3.90
1 Bedroom 12.10
2 Bedrooms 19.18
3 Bedrooms 26.16
4 Bedrooms 17.86
5 or more bedrooms 20.80