The housing market in Smithville, TX is booming! The median house value for the city is currently $324,700, which is slightly lower than the US median of $338,100. However, what sets Smithville apart from other cities is that it has experienced a much higher rate of appreciation over the last year with a whopping 16.22% increase compared to the US rate of 8.27%. This indicates that now may be an ideal time for people interested in investing in real estate in Smithville to take advantage of this trend and get into the local market before prices rise even further.
The median home cost in Smithville is $324,700. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Smithville is up 19.7%.
Average Age of Homes
- The median age of Smithville real estate is 59 years old
The Rental Market in Smithville
- Renters make up 26.8% of the Smithville population
- 1.3% of houses and apartments in Smithville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.