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 4,130 people, 1,666 houses or apartments, and a median cost of homes of $311,799, Smithville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Smithville, accounting for 81.38% of the city's housing units. Other types of housing that are prevalent in Smithville include large apartment complexes or high rise apartments ( 6.50%), mobile homes or trailers ( 4.40%), and a few row houses and other attached homes ( 4.25%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smithville. Owner-occupied housing accounts for 67.30% of Smithville's homes, and 55.77% have either three or four bedrooms, which is average sized relative to America.
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 before 1939 ( 27.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.62%). There's also some housing in Smithville built between 1940-1969 ( 15.44%).
Vacant housing appears to be an issue in Smithville. Fully 18.57% of the housing stock is classified as vacant. Left unchecked, vacant Smithville homes and apartments can be a drag on the real estate market, holding Smithville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 135.10% over the last ten years, which is an average annual home appreciation rate of 8.92%, 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.
NeighborhoodScout's data show that during the latest twelve months, Smithville's appreciation rate, at 5.80%, has been at or slightly above the national average. In the latest quarter, Smithville's appreciation rate has been 1.70%, which annualizes to a rate of 6.99%.
Relative to Texas, our data show that Smithville's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$311,799
for Texas
for nation
1,666
$1,226 / per month