Swissvale, PA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Swissvale, PA Housing Market Trends

With a population of 8,647, 4,436 total housing units (homes and apartments), and a median house value of $99,960, house prices in Swissvale are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Swissvale, accounting for 50.38% of the borough's housing units. Other types of housing that are prevalent in Swissvale include duplexes, homes converted to apartments or other small apartment buildings ( 20.93%), large apartment complexes or high rise apartments ( 17.44%), and a few row houses and other attached homes ( 11.25%).

People in Swissvale primarily live in small (one, two or no bedroom) single-family detached homes. Swissvale has a mixture of owner-occupied and renter-occupied housing.

The housing in Swissvale was primarily built before 1939 ( 50.69%), making the housing stock in Swissvale some of the oldest overall in America, although there is a range of ages of homes in Swissvale. The next most important housing age is between 1940-1969 ( 32.05%), followed by between 1970-1999 ( 16.57%).

Vacant housing appears to be an issue in Swissvale. Fully 13.95% of the housing stock is classified as vacant. Left unchecked, vacant Swissvale homes and apartments can be a drag on the real estate market, holding Swissvale 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.

Swissvale Home Appreciation Rates

Appreciation rates for homes in Swissvale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.52%, which ranks in the top 30% nationwide. This equates to an annual average Swissvale house appreciation rate of 4.17%.

Over the last year, Swissvale appreciation rates have trailed the rest of the nation. In the last twelve months, Swissvale's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swissvale were at 1.41%, which equates to an annual appreciation rate of 5.75%.

Relative to Pennsylvania, our data show that Swissvale's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$99,960

Swissvale, PA HOME PRICES

> $1,179,000
0.0%
0.0%
$884,001 - $1,179,000
0.0%
0.0%
$589,001 - $884,000
1.4%
1.4%
$472,001 - $589,000
1.5%
1.5%
$354,001 - $472,000
3.1%
3.1%
$236,001 - $354,000
5.4%
5.4%
$118,001 - $236,000
38.4%
38.4%
$59,001 - $118,000
39.1%
39.1%
$0 - $59,000
11.0%
11.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for PA

Value Relative To Nation

Number Of Homes And Apartments:
4,436

Swissvale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
106.84% 3.48%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,043 / per month

Homeownership Rate

Owners
48.9%
48.9%
Renters
51.1%
51.1%
Vacant
13.9%
13.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.7%
0.7%
1970 - 1999
16.6%
16.6%
1940 - 1969
32.0%
32.0%
1939 or Older
50.7%
50.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.4%
50.4%
Townhomes
11.3%
11.3%
Small Apt. Buildings
20.9%
20.9%
Apt. Complexes
17.4%
17.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
19.6%
19.6%
2 Bedrooms
31.7%
31.7%
3 Bedrooms
32.5%
32.5%
4 Bedrooms
9.3%
9.3%
5 or more bedrooms
5.7%
5.7%
0.0% 100.0%
% OF HOMES