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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Swansea, SC 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Swansea, SC Housing Market Trends

With 751 people, 327 houses or apartments, and a median cost of homes of $140,454, house prices in Swansea are solidly below the national average.

Single-family detached homes are the single most common housing type in Swansea, accounting for 67.59% of the town's housing units. Other types of housing that are prevalent in Swansea include mobile homes or trailers ( 15.51%), large apartment complexes or high rise apartments ( 10.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).

The most prevalent building size and type in Swansea are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.35% owning and 44.65% renting.

There is a lot of housing in Swansea 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 Swansea built between 1940-1969 ( 25.46%). A lesser amount of the housing stock also hails from before 1939 ( 15.97%). There's also some housing in Swansea built between 2000 and later ( 10.42%).

Vacant housing appears to be an issue in Swansea. Fully 24.31% of the housing stock is classified as vacant. Left unchecked, vacant Swansea homes and apartments can be a drag on the real estate market, holding Swansea 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.

Swansea Home Appreciation Rates

Appreciation rates for homes in Swansea have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.67%, which ranks in the top 50% nationwide. This equates to an annual average Swansea house appreciation rate of 6.33%.

Appreciation rates are so strong in Swansea that despite a nationwide downturn in the housing market, Swansea real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Swansea appreciation rates continue to be some of the highest in America, at 6.10%, which is higher than appreciation rates in 73.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Swansea. Swansea appreciation rates in the latest quarter were at 6.40%, which equates to an annual appreciation rate of 28.17%.

Importantly, this makes Swansea one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to South Carolina, our data show that Swansea's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

Median Home Value

$140,454

Swansea, SC Home Prices
> $1,549,000
$1,162,001 - $1,549,000
$775,001 - $1,162,000
$620,001 - $775,000
$465,001 - $620,000
$310,001 - $465,000
$155,001 - $310,000
$77,001 - $155,000
$0 - $77,000
0.0%
0.0%
0.0%
0.0%
0.2%
0.2%
0.0%
0.0%
0.6%
0.6%
5.3%
5.3%
28.3%
28.3%
47.3%
47.3%
18.3%
18.3%
0% 100.0%
% of Homes
Low

for South carolina

Very Low

for nation

Number of Homes And Apartments:

327

Swansea Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,645 / per month

Homeownership Rate

Owners
Renters
Vacant
55.4%
55.4%
44.6%
44.6%
24.3%
24.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
48.1%
48.1%
25.5%
25.5%
16.0%
16.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.6%
67.6%
0.0%
0.0%
6.7%
6.7%
10.2%
10.2%
15.5%
15.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.5%
3.5%
17.6%
17.6%
62.0%
62.0%
16.0%
16.0%
0.9%
0.9%
0% 100.0%
% of Homes