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 8,392, 4,393 total housing units (homes and apartments), and a median house value of $162,714, house prices in Swissvale are some of the most affordable in Pennsylvania as well as the nation.
Single-family detached homes are the single most common housing type in Swissvale, accounting for 48.65% of the borough's housing units. Other types of housing that are prevalent in Swissvale include duplexes, homes converted to apartments or other small apartment buildings ( 19.48%), large apartment complexes or high rise apartments ( 18.22%), and a few row houses and other attached homes ( 13.65%).
People in Swissvale primarily live in small (one, two or no bedroom) single-family detached homes. Swissvale has a mixture of owner-occupied and renter-occupied housing.
The housing in Swissvale was primarily built before 1939 ( 49.50%), making the housing stock in Swissvale some of the oldest overall in America, although there is a range of ages of homes in Swissvale. The next most important housing age is between 1940-1969 ( 30.59%), followed by between 1970-1999 ( 18.67%). There's also some housing in Swissvale built between 2000 and later ( 1.24%).
Vacant housing appears to be an issue in Swissvale. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Swissvale homes and apartments can be a drag on the real estate market, holding Swissvale 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.
Real estate appreciation rates in Swissvale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.44% during the period.
Over the last year, Swissvale appreciation rates have trailed the rest of the nation. In the last twelve months, Swissvale's appreciation rate has been 1.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Swissvale were at 1.11%, which equates to an annual appreciation rate of 4.51%.
Relative to Pennsylvania, our data show that Swissvale's latest annual appreciation rate is lower than 80% of the other cities and towns in Pennsylvania.
$162,714
for Pennsylvania
for nation
4,393
$1,641 / per month