Similar to its surrounding areas, it's significantly more expensive compared to the United States as a whole. However it's a bit less expensive compared to the city of Boston.
Home prices
The median home in Swampscott costs $475,500. In comparison to its surrounding areas this is is very similar.It is about $258,000 (118%) higher compared to the rest of the country, and compared to the city of Boston is roughly $57,200 (10%) lower.
Rents
In Swampscott the median rent is $1,916 a month. It is approximately $626 (48%) higher in comparison to other places in this area.It is about $854 (80%) higher compared to the nation as a whole, and compared to the city of Boston is about $296 (18%) higher.
Nearby places
Marblehead
Marblehead is Swampscott's neighbor to the northeast. Real estate prices there are somewhat more expensive. The median home cost in Marblehead is $675,400, which is $199,900 (29%) higher than Swampscott. The rent there is a bit less expensive. Marblehead's median rent is $1,578 per month, which is $338 (21%) lower than Swampscott.
Salem
Salem is Swampscott's neighbor to the north. Housing prices there are a bit less expensive. Salem's median home cost is $367,200, which comes out to $108,300 (29%) lower than Swampscott. Rent there is a lot less expensive. Salem's median monthly rent is $1,289, which comes out to $627 (48%) lower than Swampscott.
Lynn
Lynn is Swampscott's neighbor to the west. Its real estate prices are significantly less expensive. The median home price in Lynn is $323,100, which comes out to $152,400 (47%) lower than Swampscott. The rent there is a lot less expensive. Lynn's median monthly rent is $1,189, which comes out to $727 (61%) lower than Swampscott.
Nahant
Nahant is about 3 miles south of Swampscott. The real estate prices there are somewhat more expensive. Nahant's median home cost is $625,400, which is $149,900 (23%) higher than Swampscott. The rent there is a little less expensive. The median rent in Nahant is $1,473 a month, which comes out to $443 (30%) lower than Swampscott.
Saugus
Saugus is about 4 miles west of Swampscott. Housing prices there are a bit less expensive. The value of the median home in Saugus is $394,900, which comes out to $80,600 (20%) lower than Swampscott. Rent there is a lot less expensive. Saugus's median monthly rent is $919, which is $997 (108%) lower than Swampscott.
