Swansea, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Swansea Neighborhoods Since 2000




Swansea, SC 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

Swansea Housing Market Information

With a population of 891, 320 total housing units (homes and apartments), and a median house value of $83,203, 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 67.73% of the town's housing units. Other types of housing that are prevalent in Swansea include mobile homes or trailers ( 19.45%), large apartment complexes or high rise apartments ( 11.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.14%).

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 64.69% owning and 35.31% 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 ( 27.00%). A lesser amount of the housing stock also hails from before 1939 ( 17.16%). There's also some housing in Swansea built between 2000 and later ( 9.84%).

Vacant housing appears to be an issue in Swansea. Fully 26.77% 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 2.74%, which ranks in the top 50% nationwide. This equates to an annual average Swansea house appreciation rate of 0.27%.

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 6.86%, which is higher than appreciation rates in 80.43% 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 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Swansea's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$83,203

Swansea, SC HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.0
$421,001 - $526,000 0.4
$315,001 - $421,000 3.2
$210,001 - $315,000 3.7
$105,001 - $210,000 23.0
$53,001 - $105,000 41.2
$0 - $53,000 28.4

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
88.4741591468417 73.9776951672863

Number Of Homes And Apartments:
320

Swansea Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
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
18.13% 0.97% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$955 / per month

Homeownership Rate

Homeownership
Owners 64.69
Renters 35.31
Vacant 26.77

Housing Market Details

 

Age of Homes

AGE OF Swansea HOMES
2000 or Newer 9.8
1970 - 1999 46.0
1940 - 1969 27.0
1939 or Older 17.2

Types of Homes

TYPE OF Swansea HOMES
Single-Family 67.7
Townhomes 0.0
Small Apt. Buildings 1.1
Apt. Complexes 11.7
Mobile Homes 19.5
Other 0.0

Home Size

SIZE OF Swansea HOMES
No Bedroom 0.46
1 Bedroom 2.97
2 Bedrooms 37.07
3 Bedrooms 47.37
4 Bedrooms 7.32
5 or more bedrooms 4.81