Smyrna, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Smyrna Neighborhoods Since 2000




Smyrna, DE Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Smyrna Housing Market Information

With a population of 11,319, 4,136 total housing units (homes and apartments), and a median house value of $217,852, Smyrna real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Smyrna, accounting for 51.70% of the town's housing units. Other types of housing that are prevalent in Smyrna include row houses and other attached homes ( 23.57%), large apartment complexes or high rise apartments ( 13.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.24%).

The most prevalent building size and type in Smyrna are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.86% owning and 36.14% renting.

Smyrna homes and real estate are some of the newest in America. 45.95% of Smyrna's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Smyrna real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.84%), and between 1940-1969 ( 13.00%). There's also some housing in Smyrna built before 1939 ( 11.20%).

Smyrna Home Appreciation Rates

Smyrna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Smyrna during the period has been just -1.44%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Smyrna's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Smyrna's appreciation rate has been 3.33%, which annualizes to a rate of 14.00%.

Importantly, this makes Smyrna one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Delaware, our data show that Smyrna's latest annual appreciation rate is lower than 60% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$217,852

Smyrna, DE HOME PRICES

Value Range
> $1,112,000 0.0
$833,001 - $1,112,000 0.2
$556,001 - $833,000 0.3
$445,001 - $556,000 2.2
$333,001 - $445,000 12.6
$223,001 - $333,000 38.5
$111,001 - $223,000 33.4
$56,001 - $111,000 2.7
$0 - $56,000 10.2

Average for DE
High for Nation

Value Relative to Nation Value Relative to State
28.1085198640572 50.0

Number Of Homes And Apartments:
4,136

Smyrna Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
57.28% 2.66% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,483 / per month

Homeownership Rate

Homeownership
Owners 63.86
Renters 36.14
Vacant 9.32

Housing Market Details

 

Age of Homes

AGE OF Smyrna HOMES
2000 or Newer 46.0
1970 - 1999 29.8
1940 - 1969 13.0
1939 or Older 11.2

Types of Homes

TYPE OF Smyrna HOMES
Single-Family 51.7
Townhomes 23.6
Small Apt. Buildings 8.2
Apt. Complexes 13.3
Mobile Homes 3.1
Other 0.1

Home Size

SIZE OF Smyrna HOMES
No Bedroom 0.90
1 Bedroom 9.71
2 Bedrooms 18.92
3 Bedrooms 49.11
4 Bedrooms 16.31
5 or more bedrooms 5.04