Smyrna appreciation rates and housing market information

Smyrna housing market information

With 40,780 people, 19,715 houses or apartments, and a median cost of homes of $195,800, Smyrna real estate is some of the most expensive in Georgia, although Smyrna home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Smyrna, accounting for 40.19% of the city's housing units. Other types of housing that are prevalent in Smyrna include large apartment complexes or high rise apartments (38.48%), row houses and other attached homes (11.70%), duplexes, homes converted to apartments, or other small apartment buildings (9.01%), and a few mobile homes or trailers (0.62%).

People in Smyrna primarily live in small (one, two, or no bedroom) single-family detached homes. Smyrna has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Smyrna built from 1970-1994, 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 Smyrna built from 1940-1969 (24.30%). A lesser amount of the housing stock also hails from 1995 and later (15.07%), and some were built from 1939 and earlier (15.07%).

Smyrna home appreciation rates

Real estate appreciation rates in Smyrna have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.76% during the period.

NeighborhoodScout's data show that during the latest twelve months, Smyrna home appreciation rates, at 2.12%, have been at or slightly above the national average. In the latest quarter, Smyrna's appreciation rate has been -0.17%, which annualizes to a rate of -0.68%.

Relative to Georgia, our data show that Smyrna's latest annual appreciation rate is higher than 32% of the other cities and towns in Georgia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Smyrna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Smyrna - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Smyrna real estate investment or home purchase decisions.