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Swan Valley

Learn about the people, housing, costs and businesses in Swan Valley, Michigan

Median Home$178,839
Median Rent$919/month
Population8,879
Leading IndustriesRetail · Wholesale Trade · Healthcare16% retail
Home Value Growth⬆⬆+18.9% over 2 years
Retirees26% of residentswell above average
Homeowners86% of occupied units
NotableAffordable Market$179k median home · lower cost than 71% of the country
Swan Valley
MI

Frequently Asked Questions

What are today's mortgage rates in Swan Valley?

As of today, the 30-year fixed mortgage rate for Swan Valley is approximately 6.968% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Swan Valley?

The median home value in Swan Valley is $179k. The median monthly rent is $919. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Swan Valley?

Home values in Swan Valley have increased 18.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Swan Valley?

Based on a typical all-in ownership cost of $971/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Swan Valley is $74k/year.

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What industries drive the economy in Swan Valley?

The largest employment sectors in Swan Valley are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.