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 3,861 people, 1,692 houses or apartments, and a median cost of homes of $229,797, house prices in Swanton are solidly below the national average.
Single-family detached homes are the single most common housing type in Swanton, accounting for 74.82% of the village's housing units. Other types of housing that are prevalent in Swanton include large apartment complexes or high rise apartments ( 9.40%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few row houses and other attached homes ( 4.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swanton. Owner-occupied housing accounts for 67.92% of Swanton's homes, and 67.73% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Swanton's housing was primarily built during this period, from the '40s through the '60s. A full 42.91% of the village's housing hails from this era. Other housing ages represented in Swanton include homes built between 2000 and later ( 21.39%) and housing constructed before 1939 ( 19.27%). There's also some housing in Swanton built between 1970-1999 ( 16.43%).
Real estate appreciation rates in Swanton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.
NeighborhoodScout's data show that during the latest twelve months, Swanton's appreciation rate, at 7.15%, has been at or slightly above the national average. In the latest quarter, Swanton's appreciation rate has been 1.38%, which annualizes to a rate of 5.64%.
Relative to Ohio, our data show that Swanton's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.
$229,797
for Ohio
for nation
1,692
$1,394 / per month