Market Overview
Home Prices in Swansea, IL
The median home value in Swansea, IL is $271,720 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Swansea are priced34% below average. Swansea is part of the St. Louis, MO-IL metro area.
Over the past five years, Swansea home values have risen by approximately28.2%, reflecting strong long-term appreciation in this market.
Price History
Swansea Home Price Trend
City Comparison
Swansea vs. National Median
At $271,720, homes in Swansea cost 34% below the national median of $410,000. This makes Swansea a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Swansea?
20% Down Payment
$54,344
on $271,720
Monthly P&I
$1,417/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,800/mo
incl. taxes & insurance
Income Needed
$72,000
gross annual (30% rule)
10% Down Option
$27,172
+ PMI applies
Loan Amount (20% dn)
$217,376
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Swansea, IL?
The median home value in Swansea is $271,720 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Swansea?
Over the past year, home values in Swansea have increased by 1.5%. Over five years, prices have risen approximately 28.2%.
How much do I need to earn to buy a home in Swansea?
To comfortably afford the median home price of $271,720 with a 20% down payment ($54,344) at today's rates (6.8%), you'd need a gross annual income of approximately $72,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Swansea compare to the national average home price?
The national median home value is approximately $410,000. At $271,720, homes in Swansea are 34% below the national average.
What metro area is Swansea part of?
Swansea is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.