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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 15,280 people, 6,278 houses or apartments, and a median cost of homes of $880,932, real estate costs in Swampscott are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Swampscott, accounting for 54.85% of the town's housing units. Other types of housing that are prevalent in Swampscott include duplexes, homes converted to apartments or other small apartment buildings ( 21.37%), large apartment complexes or high rise apartments ( 19.00%), and a few row houses and other attached homes ( 4.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swampscott. Owner-occupied housing accounts for 72.50% of Swampscott's homes, and 53.74% have either three or four bedrooms, which is average sized relative to America.
The housing in Swampscott was primarily built before 1939 ( 41.16%), making the housing stock in Swampscott some of the oldest overall in America, although there is a range of ages of homes in Swampscott. The next most important housing age is between 1970-1999 ( 24.10%), followed by between 1940-1969 ( 21.70%). There's also some housing in Swampscott built between 2000 and later ( 13.05%).
Appreciation rates for homes in Swampscott have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.75%, which ranks in the top 50% nationwide. This equates to an annual average Swampscott house appreciation rate of 6.56%.
NeighborhoodScout's data show that during the latest twelve months, Swampscott's appreciation rate, at 7.85%, has been at or slightly above the national average. In the latest quarter, Swampscott's appreciation rate has been 2.38%, which annualizes to a rate of 9.87%.
Relative to Massachusetts, our data show that Swampscott's latest annual appreciation rate is lower than 50% of the other cities and towns in Massachusetts.
$880,932
for Massachusetts
for nation
6,278
$4,410 / per month