Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,307, 2,047 total housing units (homes and apartments), and a median house value of $219,884, house prices in Smithville are solidly below the national average.
Single-family detached homes are the single most common housing type in Smithville, accounting for 69.80% of the city's housing units. Other types of housing that are prevalent in Smithville include duplexes, homes converted to apartments or other small apartment buildings ( 18.57%), large apartment complexes or high rise apartments ( 7.78%), and a few mobile homes or trailers ( 3.84%).
The most prevalent building size and type in Smithville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.32% owning and 55.68% renting.
There is a lot of housing in Smithville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Smithville built between 1940-1969 ( 37.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.02%). There's also some housing in Smithville built before 1939 ( 1.57%).
In the last 10 years, Smithville has experienced some of the highest home appreciation rates of any community in the nation. Smithville real estate appreciated 135.50% over the last ten years, which is an average annual home appreciation rate of 8.94%, putting Smithville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Smithville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Smithville appreciation rates have trailed the rest of the nation. In the last twelve months, Smithville's appreciation rate has been 4.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Smithville were at 2.75%, which equates to an annual appreciation rate of 11.45%.
Relative to Tennessee, our data show that Smithville's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.
$219,884
for Tennessee
for nation
2,047
$1,331 / per month