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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Swansea, IL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Swansea, IL Housing Market Trends

With a population of 14,112, 5,637 total housing units (homes and apartments), and a median house value of $291,923, Swansea real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Swansea, accounting for 71.13% of the village's housing units. Other types of housing that are prevalent in Swansea include large apartment complexes or high rise apartments ( 10.32%), mobile homes or trailers ( 7.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Swansea. Owner-occupied housing accounts for 74.58% of Swansea's homes, and 56.09% 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 2000 and later ( 34.60%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.58%). There's also some housing in Swansea built before 1939 ( 5.93%).

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 5.01%, which is lower than 80% 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 4.66%, 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 1.09%, which equates to an annual appreciation rate of 4.45%.

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

Average Home Values

Median Home Value

$291,923

Swansea, IL Home Prices
> $1,373,000
$1,030,001 - $1,373,000
$686,001 - $1,030,000
$549,001 - $686,000
$412,001 - $549,000
$275,001 - $412,000
$137,001 - $275,000
$68,001 - $137,000
$0 - $68,000
0.2%
0.2%
0.3%
0.3%
5.2%
5.2%
4.7%
4.7%
10.7%
10.7%
27.8%
27.8%
27.5%
27.5%
15.7%
15.7%
8.0%
8.0%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

5,637

Swansea Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,791 / per month

Homeownership Rate

Owners
Renters
74.6%
74.6%
25.4%
25.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.9%
6.9%
93.1%
93.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.6%
34.6%
39.9%
39.9%
19.6%
19.6%
5.9%
5.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
71.1%
71.1%
4.0%
4.0%
6.8%
6.8%
10.3%
10.3%
7.8%
7.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.9%
0.9%
7.5%
7.5%
27.0%
27.0%
33.9%
33.9%
22.2%
22.2%
8.5%
8.5%
0% 100.0%
% of Homes