Swissvale PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Swissvale, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Swissvale Housing Market Information

With 8,689 people, 4,454 houses or apartments, and a median cost of homes of $100,819, 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 48.32% 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 ( 20.05%), large apartment complexes or high rise apartments ( 19.13%), and a few row houses and other attached homes ( 12.51%).

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 ( 48.47%), 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 ( 34.65%), followed by between 1970-1999 ( 16.09%).

Vacant housing appears to be an issue in Swissvale. Fully 14.30% 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

In the last 10 years, Swissvale has experienced some of the highest home appreciation rates of any community in the nation. Swissvale real estate appreciated 51.62% over the last ten years, which is an average annual home appreciation rate of 4.25%, putting Swissvale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Swissvale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Swissvale that despite a nationwide downturn in the housing market, Swissvale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Swissvale appreciation rates continue to be some of the highest in America, at 6.89%, which is higher than appreciation rates in 74.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Swissvale. Swissvale appreciation rates in the latest quarter were at 0.92%, which equates to an annual appreciation rate of 3.71%.

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

Average Home Values

 

Median Home Value:
$100,819

Swissvale, PA HOME PRICES

Value Range
> $1,218,000 0.0
$913,001 - $1,218,000 0.0
$609,001 - $913,000 1.9
$487,001 - $609,000 1.0
$365,001 - $487,000 1.6
$243,001 - $365,000 6.7
$122,001 - $243,000 32.0
$61,001 - $122,000 40.7
$0 - $61,000 16.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
85.2934306569343 81.7567567567568

Number Of Homes And Apartments:
4,454

Swissvale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
101.97% 3.53%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$999 / per month

Homeownership Rate

Homeownership
Owners 48.44
Renters 51.56
Vacant 14.30

Housing Market Details

 

Age of Homes

AGE OF Swissvale HOMES
2000 or Newer 0.8
1970 - 1999 16.1
1940 - 1969 34.7
1939 or Older 48.5

Types of Homes

TYPE OF Swissvale HOMES
Single-Family 48.3
Townhomes 12.5
Small Apt. Buildings 20.1
Apt. Complexes 19.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Swissvale HOMES
No Bedroom 0.89
1 Bedroom 17.82
2 Bedrooms 36.08
3 Bedrooms 32.58
4 Bedrooms 8.24
5 or more bedrooms 4.41