Swansea, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Swansea, SC Real Estate Data


Swansea Housing Market Information

With 891 people, 308 houses or apartments, and a median cost of homes of $65,257, house prices in Swansea are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Swansea, accounting for 69.28% of the town's housing units. Other types of housing that are prevalent in Swansea include mobile homes or trailers ( 15.70%), large apartment complexes or high rise apartments ( 10.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swansea. Owner-occupied housing accounts for 68.83% of Swansea's homes, and 58.20% have either three or four bedrooms, which is average sized relative to America.

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 ( 30.02%). A lesser amount of the housing stock also hails from before 1939 ( 17.09%). There's also some housing in Swansea built between 2000 and later ( 12.24%).

Vacant housing appears to be an issue in Swansea. Fully 28.87% 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

Swansea's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Swansea during the period has been just -0.78%, which is lower than 70% of US communities.

Over the last year, Swansea appreciation rates have trailed the rest of the nation. In the last twelve months, Swansea's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swansea were at -0.62%, which equates to an annual appreciation rate of -2.46%.

Notably, Swansea's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$65,257

Swansea, SC HOME PRICES

Value Range
> $930,000 0.2
$697,001 - $930,000 0.6
$464,001 - $697,000 0.0
$372,001 - $464,000 0.6
$279,001 - $372,000 3.1
$186,001 - $279,000 2.6
$93,001 - $186,000 21.9
$46,001 - $93,000 36.7
$0 - $46,000 34.3

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
97.1130760672249 92.9368029739777

Number Of Homes And Apartments:
308

Rent & Ownership

 

Average Market Rent:
$720 / per month

Homeownership Rate

Homeownership
Owners 68.83
Renters 31.17
Vacant 28.87

Housing Market Details

 

Age of Homes

AGE OF Swansea HOMES
2000 or Newer 12.2
1970 - 1999 40.6
1940 - 1969 30.0
1939 or Older 17.1

Types of Homes

TYPE OF Swansea HOMES
Single-Family 69.3
Townhomes 1.6
Small Apt. Buildings 2.1
Apt. Complexes 10.4
Mobile Homes 15.7
Other 0.9

Home Size

SIZE OF Swansea HOMES
No Bedroom 0.00
1 Bedroom 5.08
2 Bedrooms 31.64
3 Bedrooms 50.58
4 Bedrooms 7.62
5 or more bedrooms 5.08

Swansea Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
7.29% 0.41% 1 1
* 10 is highest