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 2,766 people, 918 houses or apartments, and a median cost of homes of $323,397, Swedesboro real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Swedesboro homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Swedesboro, accounting for 52.48% of the borough's housing units. Other types of housing that are prevalent in Swedesboro include row houses and other attached homes ( 24.59%), duplexes, homes converted to apartments or other small apartment buildings ( 15.84%), and a few large apartment complexes or high rise apartments ( 7.09%).
The most prevalent building size and type in Swedesboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.52% owning and 39.48% renting.
The housing in Swedesboro was primarily built before 1939 ( 47.72%), making the housing stock in Swedesboro some of the oldest overall in America, although there is a range of ages of homes in Swedesboro. The next most important housing age is between 1940-1969 ( 19.63%), followed by between 1970-1999 ( 19.05%). There's also some housing in Swedesboro built between 2000 and later ( 13.61%).
Vacant housing appears to be an issue in Swedesboro. Fully 10.79% of the housing stock is classified as vacant. Left unchecked, vacant Swedesboro homes and apartments can be a drag on the real estate market, holding Swedesboro 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.
Swedesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Swedesboro during the period has been just 5.91%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Swedesboro's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Swedesboro's appreciation rate has been 0.26%, which annualizes to a rate of 1.06%.
Relative to New Jersey, our data show that Swedesboro's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Swedesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Swedesboro - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Swedesboro real estate investment or home purchase decisions.
$323,397
for New jersey
for nation
918
$2,467 / per month