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 a population of 4,045, 1,423 total housing units (homes and apartments), and a median house value of $395,845, Swansboro real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Swansboro, accounting for 75.67% of the town's housing units. Other types of housing that are prevalent in Swansboro include row houses and other attached homes ( 7.57%), large apartment complexes or high rise apartments ( 7.14%), and a few mobile homes or trailers ( 5.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swansboro. Owner-occupied housing accounts for 67.36% of Swansboro's homes, and 67.62% have either three or four bedrooms, which is average sized relative to America.
Swansboro homes and real estate are some of the newest in America. 49.15% of Swansboro's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Swansboro real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.12%), and between 1940-1969 ( 23.55%).
Vacant housing appears to be an issue in Swansboro. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Swansboro homes and apartments can be a drag on the real estate market, holding Swansboro 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.
Appreciation rates for homes in Swansboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.81%, which ranks in the top 50% nationwide. This equates to an annual average Swansboro house appreciation rate of 6.73%.
Over the last year, Swansboro appreciation rates have trailed the rest of the nation. In the last twelve months, Swansboro's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swansboro were at 1.10%, which equates to an annual appreciation rate of 4.46%.
Relative to North Carolina, our data show that Swansboro's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
$395,845
for North carolina
for nation
1,423
$1,687 / per month