Smyrna, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Smyrna Neighborhoods Since 2000




Smyrna, GA 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 56,146, 23,666 total housing units (homes and apartments), and a median house value of $196,020, 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 41.64% of the city's housing units. Other types of housing that are prevalent in Smyrna include large apartment complexes or high rise apartments ( 34.67%), row houses and other attached homes ( 17.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.59%).

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 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 Smyrna built between 2000 and later ( 21.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.73%).

Smyrna Home Appreciation Rates

Appreciation rates for homes in Smyrna have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.15%, which ranks in the top 50% nationwide. This equates to an annual average Smyrna house appreciation rate of 0.21%.

Appreciation rates are so strong in Smyrna that despite a nationwide downturn in the housing market, Smyrna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Smyrna appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 83.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Smyrna. Smyrna appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Smyrna's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Smyrna real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$196,020

Smyrna, GA HOME PRICES

Value Range
> $1,287,000 0.3
$966,001 - $1,287,000 0.7
$643,001 - $966,000 3.4
$515,001 - $643,000 6.0
$386,001 - $515,000 10.6
$257,001 - $386,000 22.9
$129,001 - $257,000 33.7
$64,001 - $129,000 17.2
$0 - $64,000 5.2

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
33.2298136645963 16.7019027484144

Number Of Homes And Apartments:
23,666

Smyrna Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
36.65% 1.83% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,293 / per month

Homeownership Rate

Homeownership
Owners 50.21
Renters 49.79
Vacant 8.04

Housing Market Details

 

Age of Homes

AGE OF Smyrna HOMES
2000 or Newer 21.2
1970 - 1999 58.2
1940 - 1969 19.7
1939 or Older 0.9

Types of Homes

TYPE OF Smyrna HOMES
Single-Family 41.6
Townhomes 17.7
Small Apt. Buildings 5.6
Apt. Complexes 34.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Smyrna HOMES
No Bedroom 1.21
1 Bedroom 16.91
2 Bedrooms 34.49
3 Bedrooms 26.03
4 Bedrooms 15.38
5 or more bedrooms 5.97