The median value of housing in Smith, TN County is $241,100, which is significantly lower than the median value of housing for the US at $338,100. However, it has recently increased in value by a higher proportion than the national average. Over the last year, the appreciation of housing prices in Smith County was 16.93%, while the national average was 8.27%. This indicates that Smith County is seeing an increased demand for housing and that prices will continue to rise in the near future.
The median home cost in Smith County is $241,100. Home appreciation the last 10 years has been 130.9%. Home Appreciation in Smith County is up 25.2%.
Average Age of Homes
- The median age of Smith County real estate is 32 years old
The Rental Market in Smith County
- Renters make up 21.8% of the Smith County population
- 0.5% of houses and apartments in Smith County, 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.