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Swanton

Learn about the people, housing, costs and businesses in Swanton, Maryland

Median Home$223,080
Median Rent$764/month
Population61
Leading IndustriesWholesale Trade · Manufacturing18% wholesale trade
Home Value Growth⬆⬆⬆+31.2% over 2 years
Retirees27% of residentsabove average nationally
Homeowners82% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Swanton
MD

Frequently Asked Questions

What are today's mortgage rates in Swanton?

As of today, the 30-year fixed mortgage rate for Swanton is approximately 6.847% (6.881% 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 Swanton?

The median home value in Swanton is $223k. The median monthly rent is $764. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Swanton?

Home values in Swanton have increased 31.2% 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 Swanton?

Based on a typical all-in ownership cost of $850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Swanton is $64k/year.

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What industries drive the economy in Swanton?

The largest employment sectors in Swanton are public administration (21%) and wholesale trade (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.