Swampscott is a town in Essex County, Massachusetts, located 15 miles (24 km) up the coast from Boston in an area known as the North Shore. A former summer resort on Massachusetts Bay, Swampscott is today a fairly residential community and includes the village of Beach Bluff, as well as part of the of Clifton. It is known for its quiet suburban character and beaches. The town was home to the ocean front college, Marian Court College until 2015.
The population of the area is around 14,722. The real estate in the area consists of 5,579 households, and 3,986 families residing in the town. The population density was 4,725.9 people per square mile (1,824.4/km²). There were 5,930 housing units at an average density of 1,944.5 per square mile (750.7/km²).
The racial background of the town was 97.47% White, 0.74% African American, 0.68% Asian, 0.06% Native American, and 0.28% from other races.
The median income for a household in the town was $84,174, and the median income for a family was $92,795. The per capita income for the town was $45,487. The town is among some of the richest towns in the state and is currently ranked at 16th. About 2.5% of families and 3.7% of the population were below the poverty line, including 4.1% of those under age 18 and 5.4% of those age 65 or over.
Home values typically range from around $400,000 to upwards of $5 million for ocean front homes. These prices are comparable to other wealthy North Shore towns such as Marblehead and Manchester-by-the-Sea. In upper class oceanfront neighborhoods and neighborhoods with ocean views or views of the Boston skyline, average home prices increase to as much as $1,038,569 and average household incomes can range upwards of $150,000.
Swampscott, MA Multi-family Property Market Data for 2017
The following set of numbers are the key indicators for the Swampscott multifamily market. The city of Swampscott has roughly 520 properties according public records. We will update this list on a monthly basis with the three primary market drivers. To view Swampscott listings click here.