Smyrna, Tennessee Real Estate & Housing Market

Smyrna, TN Listings

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Smyrna Housing Information

Index	Smyrna	Tennessee	National
Median home price	$155,500	$146,000	$184,700
Median rent asked	$868	$782	$949
Avg. people per household	2.7	2.5	2.6
Owner occupied households	63.3%	66.3%	63.6%
Renter occupied households	36.7%	33.7%	36.4%

A general summary of the real estate market in Smyrna, TN is listed above. Properties in Smyrna, TN average a cost of $155,500, which is 7% higher than the median home price for real estate located in Tennessee. This means that the region of Smyrna, TN is, on average, less affordable when compared to the remainder of Tennessee. Since tenants living in Smyrna, TN will pay an average of $868, the median rental cost is 11% higher than in Tennessee. 63.3% of people in Smyrna, TN own their own homes, and an average of 2.7 people inhabit each property. Smyrna, TN has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Smyrna Home Affordability

When starting your search for real estate in Smyrna, TN, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Smyrna, TN costs $155,500 while each household has an average income of $55,557. Consequently, the ratio of home price to household income is 2.8x; this ratio is 11% lower than the average in Tennessee. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Smyrna, TN. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Smyrna, TN.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
La Vergne, TN	34,451	$130,700	29%
Walterhill, TN	355	$166,400	10%
Nashville, TN	643,771	$174,600	5%
Murfreesboro, TN	122,007	$186,200	1%
Berry Hill, TN	793	$195,800	6%
Smyrna, TN	45,369	$155,500	16%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pine Bluff, AR	45,404	$75,200	59%
Biloxi, MS	45,271	$149,100	19%
Maricopa, AZ	45,473	$155,500	16%
Altoona, PA	45,209	$85,400	54%
Charlottesville, VA	45,538	$280,100	52%
Smyrna, TN	45,369	$155,500	16%

Source: The Smyrna, TN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).